Last Revised: August 16, 2022
Locked Rate and Variable Rate Tuition FAQs
What is my tuition rate code?
Tuition and fees for undergraduate students are assessed based on assigned tuition rate codes.
• Prospective Undergraduate Students will not have a tuition rate code. They should visit the Cost of Attendance
estimates on the Scholarships and Financial Aid website for estimated tuition and fees costs.
• Incoming Undergraduate Students (Freshman, Transfers or Readmits) must select a tuition rate code before
being allowed to register for classes for the first time.
• Continuing Undergraduate Students can view their tuition rate code in Howdy (howdy.tamu.edu), Howdy
Dashboard, then Overview, My Record, Academics, and Registration Readiness. Under Action Items, students
can select Tuition Rate Code Selection to view what tuition cohort they selected during the admission process,
though they can no longer change it.
How do I select my tuition rate code?
All incoming resident undergraduate students will have to select a tuition rate code in Howdy (howdy.tamu.edu) (My
Finances Tab in the Billing Tuition and Fees Channel) before being allowed to register for classes for the first time.
Locked Rate Tuition is not an option for non-resident students, so they will automatically be assigned the variable rate
code (TVR_VARI).
What do the tuition rate codes mean?
TLR stands for Tuition Locked Rate, and TVR stands for Tuition Variable Rate. The first three characters indicate which
tuition rate code the student selected. The last four characters of the Locked Rate tuition codes show the year the
student first entered college after high school. After the expiration of four years, students will pay the current year's
variable rates each term until completion.
First Entered College
or
Tuition Rate
Code In Howdy
Tuition Calculator
Rate Selection
Potentially Expires
2020-2021 academic year only
What is the difference between Locked Rate and Variable Rate tuition?
Locked Rate Tuition (TLR-Tuition Locked Rate): A tuition plan that would lock in the amount of tuition and required fees
for 12 consecutive semesters. This plan starts from the point of initial enrollment at any public or private institution
after high school and is only available to resident students.
The Locked (Fixed) Rate allows families to plan for a fixed cost of tuition and required fees for the remainder of the
student’s initial enrollment after high school.
Locked Rate Tuition is not available for non-resident students.
Variable Rate Tuition (TVR-Tuition Variable Rate): A tuition plan where the amount of tuition and required fees
increases annually based on factors such as inflationary cost increases, new strategic initiatives, and the overall needs of
the university.
The Variable Rate for the current academic year is lower than the Locked Rate; however, the rate increases annually.
These increases to the Variable Rate could result in overall tuition and fee charges that are higher than the overall
tuition and fee charges for the Locked Rate. The choice is comparable to choosing between a fixed interest rate
mortgage and a variable interest rate mortgage.