BURLINGTON, Vt. (WCAX) – The University of Vermont is raising tuition.
At the UVM Board of Trustees fall meeting Friday and Saturday, the Finance and Investment committee announced they set tuition to reflect a 4.5 percent increase for out-of-state students and a 2-percent increase for Vermonters, as well as a 3.5-Percent increase for room and board, for the next academic year.
The increase comes in conjunction with an expansion of the UVM Promise program as part of a focus on fiscal responsibility in response to economic challenges.
Under the new guidelines, students from Vermont households with a combined annual income up to $100,000 will be allowed to attend tuition-free.