UNC system ponders smaller rise in tuition

The News & Observer
February 12, 2010
BY ERIC FERRERI - Staff Writer
CHAPEL HILL -- UNC system leaders want to charge students less than the General Assembly has them scheduled to pay next year. 

Last year, state lawmakers mandated that tuition and fees would rise $200 or 8 percent, whichever is lower, in 2010-11. The revenue from that rate increase would go to the state's general fund, a sticking point for university leaders who want it to stay on campus.  Now, university system leaders are readying an alternative that would bring in less money but let campuses keep it.  Under that plan, half of all revenue raised through tuition increases would be used for need-based financial aid....  "Not only do we lose that money, but half of it was going to need-based aid," UNC President Erskine Bowles said Thursday during a meeting of the UNC system's Board of Governors.  Click here to read more.