The university announced on Aug. 18 that its original $120 increase in parking rates from last year will be reversed. This move comes amid discussions in the community about the overall trend of increasing costs of living on campus and complaints about the raise in price.

The university attributed the change to rising inflation costs and stated that students who paid for the previous parking permit price would be reimbursed. All parking passes, including semester parking permits, reserved parking permits and graduate parking permits, have been lowered to their 2021-22 prices—$260, $2,200 and $540, respectively.

The rates for Loews Vanderbilt Hotel Parking Garage, an off-campus parking location across Kissam Student Center, remain at $150 per month. This option would cost students roughly $1,275 for the 2022-23 academic year, including the $75 half-month fee for August, December and May.

Senior Kerissa Bryant said she thinks curbing parking costs for students is a step in the right direction.

“The price hike was ridiculous in the first place, but it feels good to know that they at least took our opinions into consideration and scratched the whole thing,” Bryant said.

Senior Connor Warmuth echoed Bryant’s thoughts.

“I’m glad they are not implementing the price hike,” Warmuth said.