Financial aid might not benefit from UNC tuition increases
Posted September 14, 2012
Chapel Hill, N.C. — The UNC Board of Governors approved a policy Friday that will give chancellors at the University of North Carolina system's 16 college campuses more discretion on how to spend tuition revenue.
Previously, each campus had to set aside a minimum of 25 percent of the money generated by tuition increases for financial aid, but the new policy allows each campus to set its own floor or ceiling for financial aid.
The policy also will increase transparency for how tuition dollars are spent. Tuition bills will explain to students and their parents how increases are being used and how much is set aside for financial assistance to other students.