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.

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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.

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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.

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