The University of Alaska Board of Regents on Wednesday approved increasing tuition rates and the next operating and capital budgets during a meeting at the Anchorage campus.
The university says in a statement that tuition rates will increase $6 per credit hour for resident undergraduates and $12 for resident graduate students next year.
The next operating budget is $388 million in state general funds. This is on top of $547 million the university gets from federal research grants, tuition and fees, donations and other sources.
Regents also approved a capital budget that includes $319 million in state general funds. Deferred maintenance remains the top priority, along with two engineering buildings under construction in Anchorage and Fairbanks and an upgrade to the University of Alaska Fairbanks combined heat and power plant.