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UNC BoG Votes To Cap Tuition And Financial Aid

By Elizabeth Friend Posted August 1, 2014 at 11:45 am

The UNC Board of Governors voted to cap tuition at the state’s 16 public universities, but they say they’ll freeze student aid money at the same time.

The board unanimously approved a measure on Friday that caps tuition increases at five percent each year for the next four years. The board also placed a cap on need-based financial aid, limiting it to 15 percent of tuition revenue.

Currently, UNC-Chapel Hill and five other schools are already over that percentage. Those schools would not be required to decrease the amount of financial aid offered to students, but will not be able to increase the aid budget even if tuition goes up.

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