PORTLAND, Ore. – Oregon high school students may be able to go to Portland State University without having to pay for the rising cost of tuition.

The school on Tuesday announced Four Years Free, a program that will pay for tuition and mandatory fees for qualifying Oregonians entering Portland State as a freshman in fall 2017.

“There are so many costs associated with going to college,” said Shannon Carr, PSU’s executive director of admissions and new student programs. “We want to make it more affordable and attainable for Oregon residents.”

In order to qualify, students must be from Oregon, accepted into PSU, have at least a 3.4 grade point average, apply for federal student aid (FAFSA), be eligible for the Federal Pell Grant for low-income families, and apply for and accept federal and state grants. The FAFSA must be completed by Feb. 1 and students must apply for admission to PSU by May 1.

Four Years Free covers tuition and fees for up to 15 credits per term, potentially saving students $8,400 a year, according to the university. The program does not cover housing or other college expenses.

Funding for Four Years Free came from money provided by PSU, and combining federal and state grants.

Students can continue to receive the Four Years Free award by maintaining at least a 2.0 GPA at PSU, remaining eligible for the Pell Grant and completing the FAFSA each year by Feb. 1.

PSU said it is sending information this week to high school counselors in the Portland metro area.

Click here to read the full announcement