|Updated: 3/27/2012 9:21 am
||Published: 3/27/2012 9:19 am
LITTLE ROCK, Ark. (AP) - The University of Arkansas' board of trustees will meet this week to discuss tuition increases at campuses around the state.
The board will meet Thursday and Friday in Little Rock. The university says tuition increases are needed next year to cover rising utility costs, technology upgrades, facility maintenance and salary increases for faculty.
The board will be asked to approve increases of about 3 to 5 percent for the system's two-year and four-year institutions.
The proposal calls for a 5.29 percent increase next year for full-time students attending the flagship campus in Fayetteville.
That means students who pay $7,173 per year would be asked to pay $7,553 for the 2012-2013 school year.
The proposal calls for a 5.1 percent increase for students at the University of Arkansas at Little Rock.
"As we move into performance funding and focus our efforts on doubling the number of college-educated Arkansans by 2025, we must use our limited resources to improve retention and graduation on our campuses," Dr. Donald R. Bobbitt, president of the University of Arkansas System said in a release.
"This is an important effort both for the vitality of our university system and for improving the economic well-being of our state."