The price for going to Penn State continues to climb, and this semester is no exception.
Undergraduates at University Park who are from Pennsylvania are paying 2.9 percent more this year than last year. The hike was part of the $4.3 billion budget the board of trustees approved in July.
Here are some budget highlights:
The universitys overall budget includes $1.7 billion for whats known as the education and general budget. Other areas -- such as the Penn State Hershey Medical Center and restricted research funding -- are also part of the $4.3 billion budget.
Penn State President Erickson said its the lowest tuition rate increase since 1967. State funding for Penn State was flat this year, coming in at $279 million, after a 20 percent drop the previous year.
Although there are signs that the economy is improving, the recovery is still fragile, Erickson told the trustees at the July meeting. The slow and uneven pace of the recovery will continue to present difficult budget and spending tradeoffs for the commonwealth for the foreseeable future.
Agriculture and cooperative extension received flat state funding of about $45 million.
The 2.9 percent tuition hike for in-state undergrads adds up to $219 more a semester at University Park. That means a $15,562 tuition bill for the school year.
Tuition for out-of-state students is up 2.4 percent this academic year. That adds up to $329 for lower-division undergrads at University Park, bringing the tuition bill to $24,864 for the school year, not including fees.
Added up, the bill for a lower-division, in-state undergraduate to get an education, eat and sleep at University Park during the fall semester comes to about $14,000. That includes:
$7,781 for tuition
$2,457 for rooming
$2,394 for meals
$1,176 for books
$112 facility fee
$85 activity fee