DURHAM — Parents of undergraduate students at Duke University will have to dig a little deeper into their pockets next year.
At its regular quarterly meeting and annual planning retreat this weekend, the school's board of trustees approved a 3.7 percent increase in the total attendance cost for undergraduates during the 2019-20 academic year.
The total cost for the next academic year — including tuition, room, board and fees — will be $73,519.
Undergraduate tuition, the biggest single student expense, will rise by 3.9 percent to $55,880.
Duke said that in the current academic year, it expects to spend about $175 million on undergraduate financial aid, a 4.2 percent increase over last year.
Duke officials say the average net cost for students currently receiving need-based financial aid is less than $20,000. Around half of all Duke students get some form of financial assistance from the university this year.