Brown University will increase tuition and fees by four percent for the upcoming school year, for a grand total of $57,232.
The university plans to offset the cost hike with a 5.6 percent increase in financial aid, the fastest growing part of its budget.
The Corporation of Brown University, Brown's governing board, met by telephone to approve the budget after the snowstorm delayed its meeting over the weekend. In total, the University plans spend $902 million in the 2013-2014 school year, including more than $4 million from its reserve fund to help cover the increase in financial aid.
A little more than 40 percent of Brown students receive financial aid, according to the university. The average award is $33,585.
In other news, the Corporation approved the creation of a full school of public health at Brown. The university says it will take two of years to receive full accreditation from the Council on Education for Public Health.
The Brown faculty had already approved the idea of a school of public health in a unanimous vote. Brown officials say full "schoolhood" will increase funding opportunities for research in public health.