The MSU Board of Trustees voted to approve a resolution raising room and board rates for the 2018-19 academic year at its Friday meeting.
Room and board rates will increase by 2.97 percent, compared to last year's increase of 2.5 percent. A residence hall double room for an undergraduate student will cost $122 more, and a silver meal plan will cost $174 more. A room will now cost $4,242 for a year, and a silver meal plan will cost $6,030.
Last year saw a $100 increase on room prices and $142 increase on food prices. Last year's cost increase was the lowest in 19 years.
Rates will not increase for university apartments.
According to the resolution, 1.52 percent of the increase will cover rising operating expenses for the residence and dining halls. The remaining 1.45 percent of the increase will go toward maintenance and renovations.
In addition to an increase in competition from off-campus housing in recent years, the price increases are also influenced by the Hub and Center City District projects, which will add roughly 1,300 beds to the area, according to the resolution.