I'm sort of surprised they DIDN'T hit up the OOS more. Usually, that is more politically expedient than raising rates on your own local students.
There's no reason to raise tuition for in-state students. The vast majority of in-state Tech students have their tuition paid for by HOPE and so the effect is the government giving more money to Tech. It's the same deal in Florida with Bright Futures.
Unfortunately they're gutting the coffers of OOS students. They're already losing enough people (such as my undergrad self) due to the cost, and this will only turn away more people that justified going here over other similar schools based on the fact that it is the second cheapest sticker price of any of the US News top 50.
There are so many other ways Tech could cut costs. The top of the list for cost-cutting measures is firing people like the director of diversity, Stephanie Ray (see an overview of her job here http://www.diversity.gatech.edu/about-DIR.php
). I have nothing against her personally, just what her bullsh**
job represents which is the ridiculous growth in recent years of superfluous administrative roles. This phenomenon is hardly confined to Tech, either. I read an blurb from a professor at MIT that said that the number of administrators had doubled in the last 40 years to the point where they cost an extra 6000 dollars a year in tuition to support.