West Virginia University is increasing tuition by over 1% for both in-state and out-of-state students.

The university announced Friday that in-state undergraduate students will see a $60 increase and out-of-state undergraduate students will see a $180 increase.

In-state graduate students will see a $72 increase with out-of-state students seeing a $189 increase.

Exact tuition amounts vary depending on what college within the university a student is enrolled in.

“We are extremely sensitive to the increasing cost of higher education,” said WVU President Gordon Gee. “While we are not able to hold tuition flat, our leaders did an outstanding job of coming in at a very small number to maintain the University’s position as one of the best values in the country.”

The university is also increasing financial aid by 4% and institution-funded aid by 8%.

Officials say residents halls rates will increase by around 3% depending on the location. Parking rates will also increase in some areas.

During their meeting Friday, the Board of Governors also approved budget parameters for the upcoming fiscal year, which include a $14.8 million reduction in salary, benefits, and supplies. A final budget will be announced at a meeting in Beckley this June.

The West Virginia University Institute of Technology will see an increase of $48 for in-state and $132 for out-of-state. However, nursing students will see an effective increase of 8.25% to align the cost across all campuses.

At Potomac State University, a $24 to $60 increase will affect in-state students and $84 to $96 increase will occur for out-of-state students.