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UNC board of governors votes to cap tuition increases

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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.