MINNEAPOLIS (WCCO) – The University of Minnesota is raising tuition this fall at its Twin Cities campus.

The Board of Regents voted Tuesday to approve a two percent tuition hike for Minnesota residents. But, for out-of-state, it’s going up 12.5 percent.

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The Pioneer Press reports University President Eric Kaler said the two percent hike for residents is a compromise from the three-percent increase he originally suggested.

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Non-residents already enrolled will see a tuition increase of five-and-a-half percent.

Undergraduates at the University’s four other campuses will have one percent tuition increases, though Duluth non-residents will see their rate climb five-and-a-half percent.

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The budget also includes a two-percent wage increase for all employee groups.