UNIVERSITY PARK, Pa., July 17 -- Pennsylvania State University issued the following news release:

WILLIAMSPORT, Pa. - The Penn State Board of Trustees finalized the University's budget and tuition and housing rates for the 2027-28 fiscal year, among other actions during its meeting July 16-17 at the Pennsylvania College of Technology in Williamsport.

During its session, the board approved:

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The final budget and tuition schedules for 2027-28, which freezes tuition for Pennsylvania undergraduates at the University's Commonwealth Campuses for a fifth consecutive year. The budget also includes a 3% pool for merit-based salary increases, with individual employee percent increases to be determined by the University's performance review pr...