Raleigh, NC - CHAPEL HILL, N.C. (AP) - North Carolina's public universities are taking a new look at a self-imposed limit on annual tuition increases.
The News & Observer of Raleigh reported Friday that University of North Carolina system officials hope to decide by year's end whether to loosen the 6.5 percent lid on tuition and fee increases.
A group of tuition and financial aid experts from across the UNC system recommends that the 4-year-old cap be loosened so tuition could go higher if state funding lags.
The cap helped keep tuition increases at 3% in 2007 though 2009 - notable compared to double-digit tuition hikes in other cash-strapped states.
State legislators this year cut funding and allowed universities to charge students more, causing tuition to leap more than 23 percent.