Temple University announced today that it will not raise tuition for the 2012-13 school year for undergraduate students.
The announcement followed an executive committee meeting by the Board of Trustees. The decision will keep Temple's tuition at $13,006 for in-state students.
The main reason for the tuition freeze was the General Assembly's decision to maintain Temple's current funding at $140 million, rejecting Gov. Tom Corbett's proposed 30 percent reduction. Lawmakers are expected to give final approval to the budget by Friday.
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"Rising student debt is one of the major issues facing this nation today. Temple is committed to being a national leader in the effort to offer an affordable quality education," said Temple board chair Patrick J. O'Connor.
In addition to holding the line on tuition, Temple will also make an additional $8 million in financial aid available to students and not raise mandatory fees. The base tuition will also remain level for the majority of graduate students.
Temple anticipates an entering class of approximately 7,000 students, bringing its total student population to nearly 40,000.