In-state undergraduates at the University of Colorado’s Boulder campus will see their tuition increase next year by 2.9 percent — the lowest hike in nearly a decade.
The relatively low increase, approved by CU’s Board of Regents on Monday, is largely the result of an expected 10 percent increase in state funding for the CU system.
CU-Boulder should see an additional $6.3 million from the state’s general fund if the current proposed budget is approved by the legislature this spring.
“State funding is having a direct impact on our ability to keep tuition down,” Todd Saliman, CU’s chief financial officer, told the board.
The increase means in-state students will pay $264 more per year, with a total tuition rate of $9,312. Since 2004, tuition increases have ranged from 2.4 percent to 27.8 percent for those students.
Also, the campus is increasing tuition for new out-of-state students by 3 percent, or $936, for a 2015-16 rate of $32,346.
Incoming international undergraduates will pay an additional 3.1 percent, or $1,020, for a new rate of $33,930.
