The Cornell University Board of Trustees has approved the university’s 2014-15 budget, which calls for a 3.26 percent increase in the cost of attendance – tuition, room and board, and mandatory fees – for most undergraduate students living on campus. New York state resident students in the university’s contract colleges, whose tuition rate is lower than for out-of-state students, will see a 4.5 percent increase in their cost of attendance.

This reflects an across-the-board tuition increase of $1,920 for all undergraduate students. For the fifth consecutive year, students pursuing graduate research degrees will see no rise in their tuition.

Cornell spends about $245 million each year on financial aid that benefits approximately half of all undergraduates.

“Our robust financial aid programs support Cornell’s commitment to providing access to academically qualified students,” said Barbara Knuth, Cornell vice provost and dean of the Graduate School. “For most undergraduate students receiving financial aid, their aid award will increase to account for the rise in tuition and fees, so that their actual cost of attendance will not increase if their own financial circumstances have not changed.“

For the second consecutive year, there will be no increase in student housing or dining rates, said Dan Robertson, senior research and planning associate in the university’s Division of Budget and Planning. The only student fee increase in 2014-15 will be the undergraduate student activity fee, which will increase $7 to $236.

The new tuition rates represent a 4.25 percent increase for both endowed and out-of-state contract college undergraduate students, or $47,050 compared with the current $45,130. That will bring the typical total cost of room and board, tuition and mandatory fees for these students to $60,728, up from $58,808.

Tuition for New York state undergraduate students enrolled in Cornell’s contract colleges will increase from $28,990 to $30,910, and their typical total cost of attendance will rise from $42,668 to $44,558. The contract college in-state tuition is $16,140 lower than the endowed and out-of-state tuition.

The trustees also approved tuition for the graduate and professional schools on the Ithaca campus for the 2014-15 academic year.

At the Graduate School, research-degree tuition will remain at $29,500 for students in the endowed colleges and $20,800 for students in the contract colleges.

“In addition to holding research-degree tuition flat, almost 95 percent of our doctoral students are supported on financial aid for their stipends through a mix of fellowships, training grants, and teaching and research assistantships,” Knuth said. “This enables us to recruit and support a diverse, highly talented doctoral student community.”

To see all professional degree tuition rates and other information about tuition and fees, visit http://www.dfa.cornell.edu/treasurer/bursar/studentsparents/tuition/.