The Auburn University Board of Trustees Friday approved a 3% increase in tuition at Auburn and Auburn University Montgomery for the 2024-25 school year.

Under the new tuition and fee structure, undergraduate resident Auburn students will pay $459 per credit hour and $12,890 in annual tuition and fees, about $354 more than the current costs. An out-of-state undergraduate will pay $1,377 per credit hour and $34,922 in annual tuition and fees, a $978 increase.

Undergraduate resident AUM students will pay $368 per credit hour and $11,968 over a year, a $330 increase. Out-of-state AUM students will pay $825 per credit hour and $25,678 for a full-time year, about $720 higher than this year’s costs.

The increases were first approved Friday morning at the board’s Finance Committee on a voice vote. The full board approved the increases on a voice vote at its regular meeting, with little discussion.

Kelli Shomaker, Auburn’s senior vice president for business & administration and chief financial officer, told the board’s finance committee in a presentation Friday that most of the university’s revenue comes from tuition and legislative appropriations. Together they make up almost 65.4% of the total budget.

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“As we look towards revenues, the university has numerous and diverse revenue sources, but it relies heavily on state appropriations, and tuition and fees,” she said.

The Auburn University system is slated to receive $362 million from the education budget approved by legislators this spring.

For the 2023-24 academic year, Auburn’s tuition and fees are $6,268 per semester for an in-state student and $16,972 for a student who lives out-of-state. The credit hours were $446 for in-state and $1,338 for out-of-state.

In the 2023-2024 school year, AUM students pay an estimated tuition and fees of $11,638 for in-state and $24,958 for out-of-state students per year. The credit hours were $357 for residents and $801 for non-resident students.

Simon Kitchen, aviation management major, and Reagan Youngblood, chemistry major, are two out-of-state students at Auburn. They both accepted the increase Friday.

“So, the 3% buff I guess that they gave tuition is just at this point, it’s something I got to kind of roll with as long as I’m just getting my classes done,” said Youngblood. “It’s not really that big of a deal.”

“We’re also upperclassmen, so it’s not like we have time to transfer,” said Kitchen.

Kyle Baldwin, an in-state senior majoring in political science, said that the increase would not impact him due to his Reserve Officers’ Training Corps scholarship.

“I have a scholarship that pays my tuition but I mean, I know that a lot of people, especially out of state, that would be a massive difference,” he said.

Auburn University, like most other colleges and universities, has raised tuition in recent years. In 2008, the financial crisis led to cuts from the state legislature, which is often seen as a source of much of the tuition raises in recent years.

Alabama has an above average net tuition revenue, the money that comes from students excluding any aid or discounts, according to the State Higher Education Finance Report.