OU approves 7 percent tuition increase, raises for assistant coaches
NORMAN, Okla. – A 7 percent tuition increase at the University of Oklahoma has been approved on the same day raises for assistant coaches were also approved.
OU President David Boren recommended the tuition increase Tuesday morning in the wake of the university receiving around $20 million less in state appropriations than last year, according to the OU Daily.
“The most critical budget crisis in history of OU … will require a 7 percent increase in tuition and fees this year,” Boren said.
This is the biggest tuition increase the university has approved since 2008 and the third largest hike in the last 10 years.
OU’s Board of Regents then approved the decision.
Boren said he submitted the increase “with regret” but his hand was forced by the deficit.
OU’s Board of Regents later also approved raises for multiple OU assistant coaches on Tuesday morning, according to the OU Daily.
Head coach Bob Stoops’ contract was extended through 2021, while assistants Lincoln Riley and Mike Stoops were extended through 2018.
Riley and Mike both received raises to almost $900,000 per year.
Riley had made $500,000 in 2015, while Stoops made $850,000.
OU assistants Cale Gundy, Tim Kish, Jay Boulware and Kerry Cooks each received $25,000 raises.
Offensive line coach Bill Bedenbaugh received a $40,000 per year raise.
And, wide receivers coach Dennis Simmons received a raise of $37,000.
Barring any other raises, Riley will be the Big 12’s highest-paid offensive coordinator next season.
Boren said the athletic department is one of the university’s biggest donors, having given more than $26 million in the last five years.