PROVIDENCE — Undergraduate tuition increases of 2.5 percent (in-state) and 3 percent (out-of-state) across all four University of Massachusetts undergraduate campuses was approved by the higher education institution’s board of trustees Friday.
The recalculation equates to $351 per student for in-state undergraduates and $938 for out-of-state students. Average tuition totals will rise to $14,363 for in-state undergraduate students $32,200 for non-Massachusetts residents.
In-state UMass Dartmouth students will be charged $13,496 in the 2018-2019 academic year while out-of-state tuition is set at $28,716.
Calling the increases, “moderate,” UMass board of trustees chairman Rob Manning thanked “President Meehan, the Chancellors and their respective teams for their work to build a budget that supports the university’s mission of access and affordability.”
The most recent UMass budget for Fiscal Year 2019 is project at $3.4 billion – a $102 million increase from FY2018 – and includes $20 million or 5.5 percent more financial aid for a total $382 million in institutional dollars.
UMass students received more than $900 mill in financial aid in FY2018.
Tuition increases, said UMass President Marty Meehan in prepared remarks, “allow us to preserve the quality of our academic and research enterprises while minimizing the financial impact on students and their families.”
Tuition has been increased an average 2.8 percent annually since the 2015-2016 academic year.