Michigan State University leaders approved a 2.7% in state tuition hike for undergraduates.  The Board of Trustees vote means resident freshman and sophomores will pay about $13,580 per year for a full load of classes, while resident juniors and seniors will pay about $15,130.

Graduate students at MSU will pay about 4% more in tuition during the 2015-16 academic year.  The increases are part of a $1.4 billion spending plan covering the general fund.

MSU President Lou Anna K. Simon said the tuition hikes are necessary to maintain educational quality and keep the university competitive by attracting and retaining top faculty.  Here's more from the Lansing State Journal.