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University of Colorado Regents OK Tuition Hikes

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(credit: CBS)

(credit: CBS)

BOULDER, Colo. (AP) – University of Colorado regents have approved a new tuition model that effectively raises in-state tuition by 8.7 percent on the campus in Boulder.

Regents voted 6-3 Tuesday to approve the new model, raising tuition for students in the College of Arts and Sciences to $8,760.

Under the new model, full-time students would be charged $365 per credit hour for 12 credit hours. Currently, full-time students pay $358 per credit hour for 11.25 credit hours per semester, though they can take several more credits.

Regents approved a 1.9 percent increase for first-year undergraduates from out-of-state on the Boulder campus, raising the incoming rate to $30,538.

They also approved a 3.1 percent increase in a merit-based compensation pool for faculty, plus 6 percent tuition hikes at CU’s Denver and Colorado Springs campuses.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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