It is the lowest increase of tuition for the university in 49 years.
The Executive Committee of the Board of Trustees approved the administration's financial proposals, including undergraduate tuition and room and board, according to the university.
The tuition for the 2015-2016 school year will be $41,794, which is a 3.5 percent increase from last year's tuition. The increase represents the smallest tuition increase for the university in 49 years.