Penn State’s Board of Trustees met Friday afternoon to approve a number of items, including raising room and board prices for the 2023-24 academic year. The increase was approved, as recommended by the Committee on Finance, Business, and Capital Planning Thursday.

Based on a standard double room and the mid-level meal plan, it will increase by $224 per semester or 3.56%.

The breakdown by room type is below.

Penn State’s room and board rate is still nearly $400 below the average Big Ten cost. Illinois, Michigan, Rutgers, Ohio State, Maryland, and Northwestern cost more.

RA and Nittany Apartment rates are below.

Penn State cited high inflation and debt on newly renovated residence halls as the main factors. The money will go toward “increases for employee salaries and benefits, facility maintenance and renewal, and the operation of the Residence Life program.”

Meal plans will increase by 4% across the board, raising the most common mid-level plan by $104. Commonwealth campus meal plans will see an increase of 2%.