GREELEY — The University of Northern Colorado Board of Trustees on Friday signaled its intention to increase tuition by 7 percent for the 2012-13 school year in June, raising the total cost including room and board to more than $17,000 a year.
Tuition for an in-state student will rise to $5,668 from $5,300.
A vote on such an increase won’t come until this summer, but trustees decided to offer financial aid packages for students based on the increase. That allows students and financial aid officers to make plans now. If the tuition amount decreases or increases in June, the university will make up the difference to students from university reserves.
Michelle Quinn, the board’s treasurer, told board members Friday that state budget cuts could be as high as $15 million, about half of what the school receives now from the state.
“If we lose half our state funding in the coming years ($15 million), it would take a 36 percent increase in undergraduate resident tuition to backfill the loss,” according to Quinn’s report.
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