The price of an education at Temple University is going up, according to the Philadelphia Inquirer.
This year, students will see a 5.9 percent hike in their tuition.
One reason for the increase in tuition, officials say, is to offset decreased funding from the state.
According to Temple’s chief financial officer Anthony Wagner, the university’s budget is $1.074 billion, but the state is only handing them $178.5 million.
”Right now, tuition is the only way to come up with those dollars,” Wagner said to the Inky.
Another reason for the increase is the rising compensation-related costs for union employees, reports the Inquirer.
$5 million is also needed to hire faculty and advisors thanks to the highest enrollment Temple has ever seen. That money will also come from the tuition hike.
Annually, in-state students will see an increase of about $660 while out-of-state will pay almost $22K, a $1200 increase.
