The College of Charleston Board of Trustees voted today to approve a tuition increase of 3.16 percent for in-state undergraduate students and a 5.5 percent increase for out-of-state undergraduate students for the 2013-2014 academic year.

For 2013-2014, undergraduate South Carolina students will pay $10,230 in annual tuition. Out-of-state students will pay $26,694.

Graduate School tuition will be $11,254 for in-state residents and $29,364 for out-of-state residents.

“We are mindful of the impact rising tuition costs have on College of Charleston families, and have worked hard to minimize the increase,” said Greg Padgett, Chair of the Board of Trustees. “While it is always a difficult decision to raise tuition, the College of Charleston is committed to maintaining our high academic quality at an affordable price.”

The tuition increase associated with this year’s budget will likely leave the College of Charleston’s tuition ranking 6th for in-state tuition among South Carolina’s 13 four-year public universities.