Get ready to open your wallets.
The 15 percent tuition hike sought by UF's Board of Trustees was approved by the Board of Governors on June 18, passing its final hurdle.
UF trustees passed the measure at its meeting on June 12.
The hike, part of the state's tuition differential program, allows the 11 state universities to raise tuition by no more than 15 percent each year until they reach the national average.
The state Legislature approved a hike of 8 percent, which allowed universities to raise tuition by another 7 percent.
Bright Futures will not cover the increases.
Students who enrolled before July 1, 2007, and maintain continuous enrollment are exempt.
Thirty percent of the new tuition money, or its equivalent in privately raised money, must be spent on need-based aid, while the remaining 70 percent must be spent on undergraduate education.
Along with fees approved at the trustees meeting earlier this month, tuition for some undergraduates will be increasing a total of 16 percent.
Tuition for in-state undergraduates at UF taking 30 credits will go up from $3,777 to $4,373 a year starting in the fall.
