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North Carolina’s public universities can’t keep turning to tuition revenues to fund need-based aid for lower-income students, a move could lessen how much aid is available for coming classes and lead some to take on more student loans.

The university system’s Board of Governors unanimously passed a four-year tuition proposal Friday that puts a 15 percent cap on how much tuition money schools can use for need-based aid to help lower-income students.

The need-based aid proposal also freezes the dollar amount that goes to need-based aid at five campuses that are at or exceed the 15 percent mark – Elizabeth City State University ($470,584), Fayetteville State University ($328,869), N.C. State University ($7.3 million)and the University of North Carolina at Chapel Hill ($19.1 million) and Winston Salem-State University ($190,089). Read More