Considering all of the cutbacks in the past few years of the recession, university fundings have been one of the hardest hits across the board. Trustees at North Carolina State University approved a 6.2% increase in tuition rates last week to help cover a 15 percent reduction in state funding to the university.
The maximum allowed in the UNC system is 6.5%. The Charlotte Observer reports that more cutbacks in future years could (but hopefully unlikely) lead to the closing of entire campuses around the state. Ouch!
Tuition would rise $600 for graduate students and out-of-state undergraduates, and even more for students in a handful of “premium” graduate programs such as the MBA program.
Also, the trustees approved student fee increases totaling about $97 a year.
A drop in state funding next year would come on the heels of several years of annual cuts. UNC system President Erskine Bowles warned this month that if the rounds of cutting continue, the system may have to close entire campuses.