The Board of Trustees approved a $13 million boost to financial aid at their meeting in the Elliott School this morning, slightly higher than administrators had predicted. The body also approved a 3% tuition increase to $41,610, about equal to the past three years.

The amount of financial aid provided by the University rose from $120 million to $133 million. This increase will be funded by the University’s reserve funds, according to a financial report presented to the Board.

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