This is good news for students like Marcus Traxler who not only uses financial aid to help pay for grad school but also works part-time.
"I work about twenty hours a week, give or take," Traxler said. "I do have a lot of loans and grants and I don't have too many scholarships, but that's why I have to have a job, so I can help pay my way. It really helps with my tuition."
Other students, like Kristen Bailey said she would not be able to afford school without help from her parents.
"I don't know how I would be paying for school," Bailey said. "I probably wouldn't be in school."
But Governor Perry's plan brings these students hope.
Perry said not only will costs be locked in but he wants more universities to offer a ten thousand dollar degree plan.
"It will help a lot with kids not having to worry about their tuition changing constantly," Traxler said. "It will make life a lot easier if they can get a certain amount of loans or scholarships or whatever it may be to help them pay for school."
His proposal will also make the cost of tuition more clear so students and parents will know exactly what they are paying for, especially the cost of delayed graduation.
In the meantime Traxler said he has some advice to those just like him.
"You just have to balance things and you have to have a job that allows you to do that," Traxler said.