Tuition at the University would see moderate increases under a proposal finalized Thursday night by the Tuition Task Force - but many steps still remain in the process.
After months of consideration, the task force developed three recommendations for the UNC Board of Trustees that call for raising in-state tuition by $250 to $350 and out-of-state tuition by $800 to $1200.
If the plan were approved, it could generate more than $10 million in revenue to go toward the task force's four stated priorities.
Under the task force's guidelines, 40 percent of the funds would be devoted to student aid, with the remaining money equally divided among increasing teaching assistants' salaries, improving the faculty-student ratio and increasing faculty salaries.
"After funding need-based aid, all these priorities are used directly in affecting the classroom experience for students," said Provost Robert Shelton, co-chairman of the task force.
The committee's recommendations reflect a desire to provide for the University's needs coupled with an understanding of the effects increases have on applicants and enrollees.
"We took all of our circumstances into account when making these decisions," said Student Body President Matt Calabria.
"We had to consider the Board of Trustees, the (UNC-system) Board of Governors and the General Assembly, as well as market forces and demonstrated needs of the University."
While the committee endorsed all three scenarios of increases, the preferred increases were $350 for in-state students and $800 for out-of-state students - hikes of about 11 percent and 5 percent, respectively.