The UNC System Board of Governors approved changes in UNC tuition and student fees for the 2024-25 academic year during its Feb. 29 meeting, including a five percent increase for out-of-state undergraduate students and a two percent increase for all graduate students.
In-state undergraduate tuition remains unchanged for the eighth year in a row, whereas undergraduate non-resident tuition has seen yearly increases since the 2020-21 academic year.
Starting this fall, undergraduates who are North Carolina residents will continue to pay $7,019 per year, while out-of-state tuition will be $39,228. Graduate student tuition for residents will increase to $10,764 and non-residents will pay $29,421.
In a presentation to the UNC Board of Trustees’ Budget, Finance and Infrastructure Committee on Nov. 8, Vice Chancellor for Finance and Operations Nate Knuffman said that tuition increases may only be considered for non-resident undergraduate students and graduate students.
The increases will generate revenue to fund faculty salaries, need-based financial aid, student-related administrative needs, academic support and operation and maintenance, according to the University.
Currently, the total cost of tuition and fees for out-of-state undergraduates is $39,092 — and $8,751 for in-state residents. The non-resident cost for UNC is more than any other UNC System institution and resident cost is the second-most expensive among any public institution in the state, following N.C. State University.
“Our Tuition and Fee Advisory Task Force had some very good discussion around the importance of what makes Carolina, Carolina — which is accessibility and affordability,” Kaufman said in his presentation to the BOT. “That was certainly weighed during the conversation, as was any impact on enrollment.”
Compared to non-UNC System peers, such as the University of Florida, University of California, Los Angeles, UC Berkeley, the University of Washington and the University of Virginia, UNC maintains below the average resident undergraduate and graduate cost and average non-resident rate.
Starting next academic year, the University will begin to cover out-of-pocket costs for tuition and mandatory fees for North Carolina undergraduates whose families make less than $80,000 a year.