The Penn State board of trustees approved a base tuition hike of 2.73 percent at its meeting Friday, with the lowest increases at satellite campuses.

The base increase is the second-lowest percentage increase since 1967, according to a news release from the university.

The increase comes after trustees approved the $4.6 billion operating budget for the next year, which includes $289.7 million to the university from the state, the same amount for the fourth straight year.

Most students attending the University Park campus in the fall will see an increase of 2.99 percent, though the actual tuition depends on a student's major and class status.

Varies by major: For example, a freshman majoring in marketing and taking 16 credits in the fall at University Park will pay $8,286 per semester for tuition. Adding in fees and room and board, that student can expect to pay $28,050 for the 2014-15 school year.

At the Penn State York campus, most students will see an increase of 2.4 percent, between $153 and $246 per semester.

Upperclassmen at Penn State York studying business or majors in the STEM fields will not see a tuition increase.

The STEM fields include majors in science, earth and mineral sciences, engineering, and information sciences and technology.

For a business student studying at Penn State York in the fall, the tuition and fees will be $6,965 per semester.


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At all campuses, the information technology fee will increase $4 a semester, to $252.

The student activities fee and student facilities fee will rise by $6 to $93 per semester, and by $4, to $120 per semester, respectively.