PSU tuition increases approved; Budget resolves $44.5 million deficit

ALTOONA, Pa. (WTAJ) – Penn State’s budget – increasing tuition 2-4% for University Park students – and resolving the University’s budget deficit was approved, but with dissent from some board members Friday.

Board of Trustee members voted to approve the proposed Education and General budget that resolves the University’s budget deficit by summer 2025.

Some members commented raising concern about the tuition increases for in-state students at the University Park campus, during the Board of Trustees public meeting at Penn State Altoona campus on Friday.

In-state tuition will increase by 2% for the 2025-26 school year for undergraduate students at Penn State’s University Park campus. The 2023-24 tuition rates were $19,672 (estimated, depending on credit hours) per year. The new yearly tuition rate will be $20,468 – an estimated increase of $796.

From the 2024-25 year, tuition will increase $402 per year, depending on credit hours.

Nonresident tuition for undergraduate students will increase by 1% at the Commonwealth campuses and 4% at the University Park campus.

Board members a...