Brown University raises tuition, fees to 4.4 percent in 2016 to fund nearly $1 billion budget

Associated Press

Brown University is increasing undergraduate tuition and fees 4.4 percent to help fund a $967.4 million budget.

The university's governing body said Sunday the tuition and fee increase is for the university's 2016 budget year.

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The Providence Journal reports (http://bit.ly/1xWmf7w ) that the total undergraduate charge for 2015-16 will increase to $62,046. Undergraduate tuition will rise to $48,272 and room and board will jump to $12,700.

Other fees will increase to $1,074.

Tuition for Ph.D. and on-campus master's students will rise 4 percent, to $48,272.the Corporation of Brown approved a spending plan that anticipates $964 million in revenue and an additional $7.5 million in one-time revenue.

The university will tap reserves to cover a $4.4-million deficit.

The financial aid budget will rise 8 percent, to $112.5 million.

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Information from: The Providence Journal, http://www.providencejournal.com