The University of South Carolina plans to raise tuition rates yet again this fall.
The school’s board of trustees voted Friday to raise tuition by 3 percent to help fund pay raises, increases in retirement benefits, and health care costs (specifically changes due to the Affordable Care Act). University officials said Friday they had hoped to freeze tuition, but say legislators did not provide any extra money to deal with the state-mandated cost increases.
“State policy on funding public higher education is fast evolving,” USC Chief Operating Officer Ed Walton said in a statement. “While state support for many public entities is being restored and sometimes surpassing pre-recession levels, the state’s public higher education system is being increasingly funded by student tuition.”
The average in-state student will pay about $342 ($171 per semester) more per year for more than $11,500 total. The out-of-state tuition rate went up by five percent to a total of more than $29,000 per year.
USC has increased its tuition by 18 percent since 2009, around the same time the recession began cutting into South Carolina’s tax revenue.