One of Gov. Rick Perry’s stated goals for this session is about to become a reality.

Today, UT’s Board of Regents approved a four-year, guaranteed tuition plan. That means a freshman starting in 2014 would pay the same rate on his or her fourth year of college as on day one, regardless of whether tuition rates go up in the meantime.

Gov. Perry called for the change in his State of the State speech last month.

For UT officials, it’s part of a larger plan to get students to graduate on time. According to the University of Texas, just over half of its undergraduates earn a bachelor’s degree in four years. UT’s goal is to get the rate up to 70 percent. In addition to fixed tuition, the university hopes to reach its goal through increased student counseling, along with $5 million in targeted financial aid.