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PIERRE, S.D. (AP) — South Dakota Gov. Dennis Daugaard has signed a bill to freeze tuition at the state's public universities and technical schools.
The House initiative uses $42.3 million in one-time spending to provide for the early repayment of four bond issues. That's expected to save the state $3.7 million annually, which will be repurposed to fund tuition buy downs.
The move is should also stave off $14.6 million in future interest and fees.
Daugaard says the freeze will make college more affordable and put the state "on a stronger financial footing for years to come."
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