LU approves 4 percent tuition increase, budget
The Lincoln University Board of Curators approved a 4 percent tuition increase at its meeting on Thursday.
The increase will make tuition and fees a total of $7,309.70 for fiscal year 2020. The increase is a combination of the Consumer Price Index from the past two years: 1.9 percent and 2.1 percent.
The board also approved a 3 percent increase of room and board fees for the 2020 fiscal year. The approval will increase the unlimited meal plan from $1,725 to $1,777 per semester.
In addition to tuition and fees, the board also approved the fiscal year 2020 budget of $36,148,158, which is a $16,756 decrease from the 2019 budget.
The board also extended LU President Jerald Jones Woolfolk ‘s contract through 2024. Woolfolk was named president in spring 2018.
