— Full-time undergraduate students who attend the University of Oklahoma soon will pay a flat rate for tuition and mandatory fees, OU officials said Thursday.

Under the plan, any full-time undergraduate student who takes between 12 and 21 credits per semester will pay a flat tuition rate. Officials say the plan will increase the university's four-year graduation rate and save money for students and their families.

OU officials also announced the university doesn't plan to raise tuition or mandatory fees for in-state students this year.

Similar flat-rate tuition policies are in effect at a number of other universities in the region, including the University of Texas, Texas A&M University and Baylor University.