NEW BRUNSWICK, N.J. -- Rutgers University has approved a tuition increase for the upcoming school year.
The university's board of governors voted Wednesday to raise tuition and fees by 2.3 percent, or about $337.
This increase means the average in-state undergraduate student at its New Brunswick campus will pay about $27,681 for the upcoming school year.
Tuition rose 1.85 percent last year, 1.7 percent in 2016 and about 2 percent in 2015 and 2014.
Kathy Dettloff, the university's vice president of financial planning and budgeting, says financial aid will offset the increase for the majority of students.
University President Robert Barchi says Rutgers is facing "significant financial challenges" and must make "difficult choices" to keep tuition increases low.
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Rutgers to increase tuition by 2.3 percent