Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
RALEIGH, N.C. (AP) — The UNC Board of Governors is considering a tuition cap for the University of North Carolina system that would lock increases at 5 percent annually.
The News & Observer of Raleigh (http://bit.ly/1s7ckN7 ) reported the plan also would limit tuition-funded financial aid for needy students at some campuses.
The plan would cap the amount of tuition revenue diverted to financial aid for lower-income students at 15 percent. That would essentially freeze tuition-funded financial aid at N.C. State University and UNC-Chapel Hill, which already exceeds that threshold.
The plan shows the ideological shift of the board, now dominated by Republicans who have complained about schools charging middle-income students more to subsidize low-income students.
A committee of the Board of Governors approved the plan Thursday. The full board is expected to vote Friday.
___
Information from: The News & Observer, http://www.newsobserver.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
