WILMINGTON, NC (WWAY) -- The price to attend UNCW is going up again.
Today the Board of Trustees voted to raise tuition and fees for all Seahawk students.
A memo from the university said that while the school's endowment is well managed and growing it remains a weakness and that the school needed to find ways to grow revenues.
The Board of Trustees took a step to try and ease its level of debt and reliance on state funding by unanimously voting to raise student athletic fees by 116 dollars, and increasing dorm fees by three percent. Out-of-state students will see the largest hike with an increase of just over eight percent, or about $2,300 in tuition and fees.
"The endowment growth is dependant on donors," Associate Vice Chancellor of Finance Rick Whitfield said. "While we just completed a very successful campaign having exceeded the $65 million goal by over $1 million we continue to solicit significant gifts while in non-campaign mode. Universities are constantly in the fund raising business."
The increases will affect all students. Dr. Whitfield said no current students will be grandfathered in at their current tuition rates.