Perhaps, education is the most vital public service needed to sustain the socio-economic stability of the individual in the society. However, there is a widespread concern over the rising costs of higher education which threaten every student desiring to enter college and pre-empted them to discontinue their studies. This renders higher education unaffordable for many students and their families. This phenomenon if not properly addressed may hamper the growth and development of the society. Therefore, state involvement and support is central to promoting college education affordability. This study examines the city government's initiative in establishing a local higher educational institution as an answer to the concern of rising cost of tertiary education. It was a scheme designed to manifest the city government's sincere effort in assuming its accountability as guardian of social services for the people. Further, the study also included the accessibility dimension by examining the socio-economic status of students' parents who are admitted to enroll in the local university. The tuition fee subsidy and related assistance to the local university and its constituencies are likewise included in the discussion of this paper.