St. Thomas University is boosting tuition fees by $357 next year for its domestic students, according to the Fredericton-based liberal arts university.
The university’s board of governors approved the 2014-15 budget that calls for increases in tuition and some fees.
Domestic students will see their tuition rise by $357, which will mean a full-time arts student will pay $5,552 in tuition next year.
International students will see their tuition rise by $187 and their health fee jump by $173.
Last year, the university engaged in a dispute with the provincial government for attempting to bypass a three per cent cap placed on tuition increases.
St. Thomas University and the provincial government eventually agreed to a plan that will allow the university to increase its tuition by the three per cent called for in the cap, plus an additional $170 annually until 2017-18 in order to bring the university’s tuition closer to the provincial average.
The university’s $28.3 million budget is made up of $14.1 million from the provincial government, $12.7 million from tuition and fees and $1.5 million from other government funding and miscellaneous fees.
“A balanced budget and strategic approach allows us to do many positive things. Our exceptional performance on student satisfaction, class size, quality of teaching and innovation drives student success and maintains high standards of academic excellence,” said Dawn Russell, STU’s president and vice chancellor, in a statement.
Mount Allison University in Sackville announced earlier this month it would increase tuition by $219.
A full-time Mount Allison University student can now expect to pay $7,464 annually.