At just $14,048, the University of Maryland has the lowest out-of-state tuition in Business Weeks Top 25. Has the university instituted anything special to keep its tuition price tag down?
There really hasn’t been anything specifically done to keep the tuition rate as low as it has been in the past. The out-of-state and in-state tuition rate is actually set by the business school. We’re quite sensitive in terms of the cost of education. We set the tuition rate by looking at the rates at other major B-schools and essentially benchmarking. That’s how we come up with the tuition rate. The tuition does increase every year, however. Increases range anywhere from between about 5% to 9% each year. As for next year, we’re probably taking a look at about a 9% tuition increase.
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