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Tuition costs at the Pennsylvania College of Technology will remain the same for the 2023-24 following approval by the Board of Directors of an operating budget of $122.1 million.

The budget, which totals $178.1 million overall, calls for a modest increase in some fees to offset rising commodity costs spurred by inflation, according to a news release from the college.

The fees have not been raised for nearly 10 years.

Per-credit technology and health and wellness fees will increase by $10 or, on average, $150 per semester holding the total impact for students to an increase of 1.67% in the upcoming school year.

For a typical state resident student enrolled for two 15-credit semesters, the combined tuition and fees combined will equal $18,240 annually. For out-of-state residents, the costs will total $25,980 for students taking the same number of credits.

Penn College’s state appropriation is budgeted at $28.6, based on Gov. Josh Shapiro’s proposed state budget. The projected appropriation accounts for about 23% of the college’s operating budget, information from the college stated. Deadline to pass the state budget is June 30.

“Our goal is to place students in the most competitive position for long-term success, and we are working hard to mitigate the financial impact on our Penn College students and families in the budget planning,” President Michael J. Reed said.

“Thanks to generous industry and community leaders, we have been able to significantly increase access to scholarships and sponsorships, and we are working closely with our legislative leaders to advocate for more equitable funding for our hard-working students,” Reed said.

Total student enrollment for Fall 2023 is projected to increase by approximately 100 students over last fall’s enrollment, according to figures from the college.

“Parents and students are seeing the importance of return on investment, as new-student applications and deposits are up 10% in comparison to last year’s incoming class,” Reed said.

For students choosing to live on campus there will be an increase in costs associated with a few specific room types. Otherwise, the majority of the rates students pay for on-campus housing, owned and operated by the college, will not increase in 2023-24 school year. Dining Services’s meal plan rates will increase by 2% due to inflation, the information from the college stated.

In response to rising commodity costs, the college’s per-hour lab fee, which is associated with laboratory and/ or clinical instruction, will see an increase of $15 in the budget. That fee has not been increased since the 2017-18 academic year.

Also included in the budget are voluntary gifts of $100,000 to the City of Williamsport and $35,000 to the Williamsport Area School District. These gifts are reevaluated annually, the college stated.