May 19, 2010

Tuition and fees

The Minnesota State Colleges and Universities Board of Trustees approved a budget that holds average annual tuition and fee increases to $205 for undergraduate students at the state colleges and $301 at the state universities beginning this fall. Central Lakes College tuition will be $4,322 for a student taking 30 credits, an increase of $215 from $4,108 the previous year. The average at 25 community and technical colleges will be $4,902, an increase of 4.4 percent. Students at the seven state universities will pay an average of $6,596, an increase of 4.8 percent for tuition and fees. Most students get help financing their education. About 54 percent of the state college students received financial aid, averaging $5,755, to pay education and living expenses. About 60 percent of state university students received an average of $8,931 in financial aid, which includes state and national grants, scholarships, loans and work-study funds.