The Academic Common Market
Updated: May 1, 2020
The Academic Common Market has enabled students to pursue out-of-state college degrees at in-state tuition rates, through agreements among the states and colleges and universities. Woohoo, in-state tuition at your out-of-state dream school! What you need to know:
Check out participating programs and institutions first.
Understand if a program’s core requirements will match your student's educational interests. Risk Management vs Finance ok? Then ACM might be for your student.
Apply to the specific program of study so that you receive confirmation the student is accepted into a participating major.
Upon receipt of acceptance, students will submit a series of documentation to their state contact.
Apply early action when possible so that you can submit your ACM paperwork as early as March 1.
Once accepted into an ACM major, in-state tuition is grandfathered if your resident state starts offering the same.
Double major? Check the fine print as most likely the second major’s courses not part of the ACM will be a higher price.
Changing majors – all bets are off if the student changes majors – higher out of state tuition will kick in.
The most important point – study what interests you and a career of fulfillment awaits. Do not use the ACM simply to obtain a lower cost for an out of state school if you don’t love the major.