NASHVILLE, Tenn. (WKRN) – Middle Tennessee State University in Murfreesboro is giving students an incentive to graduate in four years.
According to school president, Dr. Sidney McPhee, MTSU will reward seniors at the beginning of their senior year.
“If they graduate in four years, their last semester they will get a scholarship, what we call the “Finish Line scholarship” that will reimburse them for all the tuition increase that occurred during their 4 years at the university,” he explained.
Using this year’s senior class as an example, they’re paying $8,118 a year in tuition. Their first semester, in 2011, tuition was $7,018.
Over their 4 years those seniors will have paid $30,538 in tuition.
If they had been able to lock in the first year tuition, they would be paying $7,018 each year. At the beginning of their final semester those students would receive $2,466.
The school also announced it will reimburse freshmen and sophomores $500 for their first two years, to replace money the state is no longer giving students on Hope Scholarships.
The state reduced scholarships for freshmen and sophomores by $500 to help pay for the state’s new “promise” program which offers high school graduates free tuition for two years at two-year institutions.
“If your goal is to come to MTSU and pursue a 4 year degree, you will not be disadvantaged those first two years,” said Dr. McPhee.
“It’s motivation to keep them on track. It will help the families as they struggle to pay tuition and we help students graduate in a timely manner,” he said.
The MTSU Student Advantage Program begins in the fall semester of 2015.