EAST LANSING, Mich. (AP) — Students at Michigan State University will pay more for their education when classes begin later this summer.
The school’s Board of Trustees voted Wednesday to raise tuition by 2.7 percent for in-state undergraduates.
Freshmen and sophomores will pay $12 more per credit hour, while juniors and seniors will see an increase of $13.25. Students would pay between $13,560 and $15,105 per academic year for 30 credit hours.
The hike for graduate students in most colleges will be 4 percent. In-state graduate students will pay $26.75 more per credit hour. It goes up by $52.75 for out-of-state grad students.
Michigan State’s 2015-2016 budget calls for $1.4 billion in spending and includes a 2 percent merit allocation for faculty salaries. More than $125 million will be set aside for financial aid.