CHARLOTTE (AP) -- Tuition caps taking effect next year will help a lot of undergraduates in the University of North Carolina system.
Under a new policy approved by the system's Board of Governors, in-state tuition increases are limited to 6.5 percent each year. The board promised to lower that cap if the 16-campus system received better-than-average state funding. State lawmakers did just that.
The overall system was given a 10.7 percent increase in state funding for the school year, though the increase for each university varies.
For example, UNC Charlotte received 7.5 percent more funding, dropping its tuition cap to 5 percent. That means in-state undergraduate tuition will increase by $123 next year. UNC Chapel Hill's funding increase was 12.5 percent, leaving no room for a tuition hike.
(Copyright 2007 by The Associated Press. All Rights Reserved.)