STUDENT/TUITION: Provides relative to tuition and mandatory fees for public postsecondary education institutions

Authority to establish and adjust tuition and mandatory fees was transferred from the postsecondary management boards to the individual institutions.

The limit on tuition increases was reduced from a 10% cap over a two-year period to a 10% cap over a single one-year period.

Institutions are now explicitly authorized to set proportional tuition and fee amounts for dual enrollment students, in addition to part-time and summer students.

A new penalty was added stating that failure to submit the required annual tuition report on time could result in the Board of Regents suspending any pending tuition or fee increases at that institution.

The requirement for institutions to provide adequate notice to students and establish criteria for financial hardship waivers was updated to reflect the new institutional authority.

The effective date for the new tuition authority was delayed by one year, moving from January 1, 2027, to January 1, 2028.

The cap on annual tuition and fee increases was lowered from fifteen percent to ten percent per year.

The document was updated from a reengrossed version to the final enrolled version, incorporating signatures and final formatting.

Added a specific effective date of January 1, 2027, for the authority to establish and adjust tuition and fee amounts.

Reorganized the list of factors institutions must consider when setting tuition to ensure clarity on peer institutions, income, and affordability.

Updated the legislative digest and abstract to accurately reflect the new effective date and the retention of management board responsibilities.