TOLEDO, OH (Toledo News Now) - The new school year could be bringing higher tuition costs for students at the University of Toledo. That is, if the board of trustees approves the president's recommendations for the new budget.
UT President Lloyd Jacobs gave the board of trustees their second look at the proposed budget for the 2013 school year Monday afternoon. A portion of the recommendations includes a 3.5 percent increase for tuition.
If approved by the trustees, the tuition increase would kick in this fall.
Jacobs said universities across the country are looking for ways to teach students the most effective and cost efficient matter possible, without sacrificing quality.
According to Jacobs, the tuition increase is to keep up with inflation. Although the increase is small, Jacobs said it is still a tough call to make.
"No one wants to raise tuition even if it's by a penny. So there will certainly be expressions of that worry. I'm very worried about it, and the board appropriately doesn't want to increase the cost," said Jacobs.
Jacobs said the increase will tack on roughly $150 to the cost of attending UT. The board of trustees will vote on the budget June 18.