Click here to donate to the Salvation Army Hurricane Matthew relief effort

UNC board of governors votes to cap tuition increases

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
UNC Campus

CHAPEL HILL, N.C. — The Board of Governors for the University of North Carolina system has unanimously approved tuition cap increases at 5 percent annually for each campus, according to WTVD-TV.

During a meeting at the Spangler Center in Chapel Hill Friday, the board voted on a new 4-year tuition guideline that caps tuition increases at 5 percent annually.

The board also placed a cap on the amount of tuition that pays for need-based financial aid at 15 percent. However, UNC Chapel Hill and North Carolina State University are both already over that percentage.

A committee of the Board of Governors approved the plan Thursday.