Average tuition increase of $114 at two-year colleges and $169 at state universities approved today.

The Minnesota State Colleges and Universities Board of Trustees today approved a budget that holds undergraduate tuition increases to an average of $114 at two-year colleges and an average of $169 at state universities for the 2009-10 academic year.

This means full-time students at the 25 state colleges will pay an average annual tuition of $4,194 while students at the seven state universities will pay an average annual tuition of $5,791. Although the board raised tuition rates by 5 percent, the infusion of one-time federal stimulus funds will bring the increase that students pay down to a 2.8 percent for the colleges and 3 percent for the state universities.  Some students may even see their tuition bill go down this year because larger student grants may offset the increase.

At Lake Superior College, the annual tuition, based on a schedule of 30 credits, will rise by $110 to $3,770, an increase of less than $4 per credit.  LSC’s tuition is the second lowest among Minnesota’s state-funded colleges and universities.

“We worked hard to keep the tuition increase as low as possible,” said Board Chair David Olson. “In the end, affordable tuition means more students can receive the education and training that Minnesota needs to remain competitive.”

Click here for information about tuition and fees at other Minnesota State Colleges and Universities.

Tags: Board of Trustees, Tuition

This entry was posted on Wednesday, July 22nd, 2009 at 10:04 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed.