CLEVELAND – Cleveland State University has announced a new plan to rebate 2 percent of tuition cost plus $100 per semester in book expenses to undergraduate students who complete their academic year in good standing with at least 30 credit hours.
Following a 2-percent tuition increase, the CSU Board of Trustees approved the Graduation Incentive Plan as a way to offset the rising cost of tuition and books and provide added incentives to assist students who progress steadily toward graduation.
The plan is one of several new initiatives CSU has designed to help undergraduates accelerate progress toward graduation. Other recent changes include capping the total credits needed for graduation at 120 hours; offering preregistration for an entire academic year; and eliminating additional tuition costs for students who exceed 16 credit hours per semester.
"This is an extraordinary new incentive for students to facilitate their goal of earning a degree as quickly as possible at a reasonable cost," said CSU President Ronald Berkman. "We are firmly committed to student success, and this is one more piece of the puzzle. Together, these initiatives have the potential to save one to two years of attendance and tuition."
Under the plan, students must maintain at least a 2.0 grade point average and complete 30 credit hours within the academic year, which can include a combination of fall, spring and two summer terms. The tuition rebate will be credited to the student’s CSU account toward future tuition, and credit will be issued at the CSU book store. Graduating seniors will be given an option of applying their earned credits toward graduate school tuition.