University of Tennessee tuition hikes at 3 percent or less - WRCBtv.com | Chattanooga News, Weather & Sports

University of Tennessee tuition hikes at 3 percent or less

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The University of Tennessee. The University of Tennessee.

KNOXVILLE, Tenn. (AP) - University of Tennessee President Joe DiPietro says tuition increases will be at 3 percent or less for the third year in a row due to self-imposed budget restraints.

The university says in a news release that DiPietro told the school's board of trustees Wednesday is preparing another set of cost-saving goals.

In 2015, the board approved budget boundaries for two fiscal years beginning in July 2015 to address a projected $377 million annual funding gap by 2025.

DiPietro reconvened a budget advisory group in January to find more cost-cutting and revenue-generating ideas.

DiPietro will present the budget boundaries for the 2017 and 2018 fiscal years to a board subcommittee in June.

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