News Briefs

Financial aid might not benefit from UNC tuition increases

Posted September 14, 2012

— 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.

1 Comment

This story is closed for comments. Comments on WRAL.com news stories are accepted and moderated between the hours of 8 a.m. and 8 p.m. Monday through Friday.

Oldest First
View all
  • SaveEnergyMan Sep 14, 7:13 p.m.

    Taking tuition increases and using them for financical aid is redistribution of wealth. The vast majority of students are middle income and must borrow much of their tuition money. So middle classers graduate tremendously in debt while the poorest students get the same degree debt free, better able to get started in life, at the expense of students who can barely afford it. Maybe some of the big TV $$$'s that come to athletics can instead be used to help real students rather than paying hyper-inflated salaries of ego coaches.