EAST LANSING, Mich., (WXYZ) - Michigan State University students will see a tuition increase this year.
The 2013-2014 budget was approved by the MSU Board of Trustees in a Friday meeting. It included an average 2.8% tuition increase for in-state undergraduate students.
The university says this is the lowest tuition increase since 2005.
The lower-than-expected hike is attributed to greater state appropriations.
“This year’s appropriations were helpful and our own cost-savings efforts continue, but we still need to confront years of erosion of state support and rising costs beyond our control,” said MSU President Lou Anna K. Simon.
In-state freshman and sophomore students will see a 1.9% increase while tuition for juniors and seniors will go up 3.6%.
Also a part of the approved budget is a 4.5% increase in financial aid.
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