Students attending the University of Nebraska are going to be hit with a nearly 4% increase in tuition next year. NU President James Milliken will submit the proposed increase to the Board of Regents June 8th.
In a release to the news media the university noted that at 3.75%, this increase would be the lowest annual increase since 1997.
The university also stressed that when compared to other peer institutions the University of Nebraska remains a "tremendous value."
For the average student the increase would amount to $94 to $116 per semester.
While the increase may be modest when compared to some other institutions, it comes at a time when college affordability and the debt burden carried by college students is coming under intense scrutiny.
Congress is still struggling with how to pay for a one year extension on lowered interest rates on student loans. And in the last week of May a new study revealed the alarming statistic that nearly one-third of all people with student loans do not even have degrees; they dropped out before completing all the requirements.
The National Center for Education Statistics says for the 2011-2012 school year basic tuition and fees for an in-state resident at UNL is $7,563, a 4.7% increase from the previous year.