Students are starting to move in and get ready for a new beginning at the University of Evansville.
"Well I really like this place first off, and everything's been getting better and better, getting to know everybody and this is pretty good news," Richard Voyvodic said.
Freshman Richard Voyvodic just moved here from Ontario, Canada, and just learned about UE's four year tuition guarantee which will help his family.
"We can barely afford it, but we can do it. So my parents are working hard, I'm working hard back in the summers and so this is just an extra help to save us a bit of work I guess in the long run," Voyvodic said.
UE is taking action during a time when people are concerned about college affordability and the challenging economic climate. School officials say the average annual tuition increase at private, nonprofit universities is about 4%-5% each year. UE President Dr. Thomas Kazee says tuition is locked at $29,740.
"It would be hard to find a moment where the university has taken as decisive of a step to situate itself in the academic market place as we have today. So this is big, this is really big," Dr. Thomas Kazee said.
It's welcoming news for the 2,400 undergraduates. But some parents wish they had better timing.
"I wish they'd frozen it four years ago," Jan Hamilton said.
Jan Hamilton's daughter is a senior this year.
"The one's coming in are going to be very, very happy. Maybe we should be considering this for her little brother," Hamilton said.
Education is an investment, and now the University of Evansville hopes "The Big Freeze" will recruit more students.
School officials say 95% of UE students receive financial aid.