The approval of the 2014 operating budget by the University of Minnesota's Board of Regents Friday includes a tuition freeze for undergraduate residents for the next two years, KARE-TV reports.
U of M president Eric Kaler called the tuition freeze "a strong statement of our commitment to make this an affordable university."
University officials said the tuition freeze was the first one in decades.
The Star Tribune reports that the plan for the next two years increases tuition for students from states without reciprocity agreements, and also increases costs for graduate and professional students.
According to the paper, regent John Frobenius raised concerns about tuition increases for graduate and professional students during a committee meeting Thursday.
In addition, the plan includes a 9 percent increase for first-year resident students in the U of M Law School, which raises tuition to $38,040.
The 2014 operating budget -- which comes in at about $3.6 billion -- spends about $61 million more than the year before or about a 1.9 percent increase, the Star Tribune says.