By AP
MT. PLEASANT, MI – Most undergraduates at Central Michigan University will see a 4.8% tuition hike starting this fall.
The university announced Thursday its Board of Trustees decided to increase tuition to $339 per credit hour for the 2009-2010 school year. That's up from $324 per credit hour last year.
But the Mount Pleasant school says 48.7% of returning undergraduates will see no tuition increase thanks to the CMU Promise program, which was offered from fall 2005 until summer 2008 and locked in tuition rates for participating students.
Trustees also voted to increase the financial aid budget by $1.8 million to $27.4 million. A $397 million operating budget was approved for the upcoming academic year.