Temple University in Philadelphia has approved a 2.8% tuition increase.

The public university's board of trustees approved the increase in undergraduate tuition on July 14. Tuition will go up $400 to 14,398 for Pennsylvania residents and $600 for out-of-state students to $24,704. The board also upped student fees by $100.

"Last February, I announced with the governor and leaders of the General Assembly, our intention to keep tuition as low as possible in return for level funding from the state, as part of our overall efforts to help students manage college costs," said Temple University President Neil D. Theobald in a statement. "This action ensures that Temple remains an attainable goal for students from Philadelphia and all around the Commonwealth of Pennsylvania."

Temple had nearly 34,000 full-time students enrolled for the fall 2014 semester. The college was rated Aa3 with a negative outlook by Moody's Investors Service last December, due in part to expected deficits with the Temple University Health System.

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