Trustees Approve $1.1 Billion UConn Budget
STORRS, Conn. (AP) _ The University of Connecticut has approved a new budget that spends more on financial aid for students and more faculty.
The Board of Trustees voted Wednesday to approve the $1.1 billion spending plan, up by more than 6 percent from the previous budget.
It includes money to hire 110 faculty members and anticipates a 9 percent increase in freshman enrollment for the 2013-14 school year. UConn plans to add almost 300 new faculty members over four years.
The budget includes previously approved tuition and fee increases. The total costs will rise 4.4 percent to $23,496 for an in-state undergraduate and $42,444 for an out-of-state student.
UConn says its financial aid budget for the coming budget year is about $25 million above that of the previous year.
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