Schools facing cash crunches need to find ways to reduce costs. Watch more and more of them raise tuition instead.
WTAJ News reports:
Penn State Trustees approve tuition hike for main campus studentsPenn State Board of Trustees voted Friday on the proposed university budget for the 2026-’27 school year.That budget included tuition hikes, an increase to the cost of housing and raises for faculty.In-state undergraduate students at Commonwealth Campuses will not see a tuition increase for the ’26-’27 school year. This is the fourth year Commonwealth Campus tuition rates have been frozen for Pennsylvania students. But those studying at University Park could see a small hike.The Trustees approved a 2% increase for in-state students at the main campus. This will be an increase of about $200 a semester, bringing the per-credit cost to $870. Out-of-state students will see a tuition increase of 1% at Commonwealth Campuses and 4% at Penn State Main.The housing and food rate at University Park is also being bumped up by 2.85%, or $198 per semester.Some of the trustees said they support the tuition increase as it will allow the university to give raises to faculty. The budget plans to set aside a 3% pool for merit-based salary increases, but trustees said those increases could be higher or lower, depending on performance factors.The budget also allocated millions of dollars for the acquisition of a former fraternity house.
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