Rutgers University Board Agrees To Scaled Back In-State Tuition Rate Hike
NEW BRUNSWICK, N.J. (CBSNewYork/AP) -- Tuition for New Jersey students at Rutgers University will raise by 1.8 percent in the coming school year after the university's Board of Governors rolled back the increase.
The university had proposed an in-state tuition increase of 3.6 percent as part of a package that would have raised student costs overall by about 3 percent.
Board chairman Ralph Izzo said it was too high.
The university's administration must now find about $12 million in spending cuts to pay for the lower tuition increase.
The university's overall budget is more than $2 billion.
Under the plan approved on Thursday, out-of-state tuition will still be up by about 5 percent.
Student fees will be up less seven-tenths of 1 percent and room and board costs are rising 3.3 percent.
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