Penn State’s Board of Trustees approved a $3.8 billion dollar interim budget for the 2010-2011 school year at its meeting last week. An interim budget is adopted each year so the University has an approved operating budget from the beginning of its fiscla year on July 1st to whenever the Board of Trustees can approve an actual budget. This year's interim budget is basically identical to last year’s, meaning it contains no changes to tuition adjustments.
Yay! No tuition increase! Right?
Unfortunately, that's probably not what's actually going to happen.