DURHAM, N.C. (AP) - Parents of undergrad students at Duke University will have to dig a little deeper into their pockets next year.
At its regular quarterly meeting and annual planning retreat this weekend, the school's board of trustees approved a 3.7 percent increase in the total attendance cost for undergraduates during the 2019-20 academic year.
Undergraduate tuition will be $55,880, a 3.9 percent increase, and the total cost for the next academic year, including tuition, room, board and fees, will be $73,519.
Duke say that in the current academic year, it expects to invest about $175 million of institutional funds to support undergraduate financial aid, a 4.2 percent increase over last year.
Officials say the average net cost for students currently receiving need-based financial aid less than $20,000.