WILLIAMSBURG, Va. – Officials at the College of William & Mary have approved a 5.4 percent tuition increase for in-state undergraduate students who start next fall.

The Richmond Times-Dispatch reports that the Board of Visitors approved the increase Friday. Rising sophomores, juniors and seniors will not see a tuition hike.

The new tuition rate of $18,375 won’t change during the freshmen students’ four years on campus. The William & Mary Promise created in 2013 guarantees the tuition rate in-state students pay during their four years.

The tuition rate set Friday does not include mandatory fees. Those are set in April, along with room and board. Out-of-state and graduate student tuition is also set in April. They are not included in the tuition guarantee.

Copyright 2018 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. (Photo: Pixabay)