The University System of Maryland will increase tuition next year by an average of 2 percent for in-state students and as much as 5 percent for out-of-state students at Maryland’s public universities and colleges.
The system’s Board of Regents voted unanimously Friday to approve the tuition hikes.
The regents have been raising tuition across the system at about the same rate for the past several years, following then-Gov. Martin O’Malley’s four-year tuition freeze beginning in 2007. The state allowed tuition increases to resume after the recession ended.
For undergraduates who are residents of Maryland, tuition will increase an average of 2%, although it will vary slightly by institution. The tuition at University of Maryland, College Park is now $8,651 per year for an in-state student, and it will rise $173 next year.
“The first priority is to make the state universities as affordable as possible for in-state residents while also offering students who come from out-of-state a good value to pursue their education at good universities,” said Mike Lurie, a spokesman for the university system.
Students who come from out of state will see tuition increase as much as a 5% next year, depending on which school they attend. The largest increases in out-of-state tuition will come at College Park and Towson University, where it will go up 5%. At College Park, the increase will take tuition to $34,936 a year, up $1,664 a year. At Towson, tuition for non-state residents is rising $1,004 to about $21,000.
Prioir increases in out-of-state tuition have been below 5%.
“While more than 75 percent of University of Maryland undergraduates are from Maryland, there is an uptick in applications from out of state,” said Joel Seligman, a university spokesman, in an email. “Increasing tuition for out-of-state students allows us to invest in academic programs, financial aid, and other priorities.”
The university system projects that it will receive an additional $66.3 million in revenues from tuition and fees, a 3.7% increase.