TCU's Board of Trustees approved a 5.8 percent tuition increase for undergraduates for the 2013-2014 academic school year. Tuition will be $36,500 next year for undergraduates.
"Our students desire a high quality educational experience that includes a personalized setting with a low student to faculty ratio, facilities equipped with cutting edge technology and an exceptional on-campus living environment," Chancellor Victor J. Boschini, Jr. said in a press release. "The results of this kind of experience are evident in the number of students who find jobs, go on to graduate school and, ultimately, become leaders in the global community. At the same time, we must continue investing in financial aid to help those who need financial support to obtain a TCU degree."
Institutional financial aid will be increased by 7.5 percent or about $7 million.
The increase is supposed to help pay for faculty and staff, facilities and resources such as computer labs and network upgrades.