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Michigan State University Raising Room, Board Rate

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EAST LANSING (WWJ/AP) - Michigan State University says room and board rates will rise nearly 4 percent this fall for students who live on campus and select an unlimited meal plan.

The board of trustees approved the increase on Friday.

The basic rate will be $8,476 for freshman, transfer and returning students who live in residence halls and choose a meal plan providing access to 11 residential dining halls and 23 culinary retail locations. That’s an increase of $322, or 3.95 percent, over last year’s rate.

More than 14,000 students will live in Michigan State’s residence halls in 2012-13.

For the second year in a row, there will be no monthly rate increase for students living in Spartan Village, a university-run apartment complex.

The increase comes on the heels of a new mandate that requires students to either have health insurance or pay to join a plan through the school. Read more, here.

TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press contributed to this report.

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