Arizona's universities proposing less expensive campus

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PHOENIX -- The three major Arizona universities are coming together to promote a fourth, less-expensive campus that could be open as soon as next year. Four more would follow by 2020.

Less expensive education?

Cheaper college campus coming? - Arizona's three major universities are proposing the creation of a fourth, lower-priced campus as soon as next year.

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Those campuses would feature cheaper in-state tuition than Arizona State University, the University of Arizona and Northern Arizona. The offerings, however, would be limited to bachelor's degrees in select majors.

While the presidents of ASU, U of A and NAU have drafted a plan to present to the Board of regents on Thursday, there are still many details to hammer out, including funding, tuition, locations and available majors.

According to the presidents' plan, the campus will be run by one of the major universities. ASU seems to be the leading contender.

There are several areas interested in hosting a four-year campus, including Lake Havasu City, Show Low and Goodyear.

The Associated Press contributed to this report.