KNOXVILLE, Tenn. (AP) -- University of Tennessee President Joe DiPietro says tuition increases will be at 3 percent or less for the third year in a row due to self-imposed budget restraints.
The university says in a news release that DiPietro told the school's board of trustees Wednesday is preparing another set of cost-saving goals.
In 2015, the board approved budget boundaries for two fiscal years beginning in July 2015 to address a projected $377 million annual funding gap by 2025.
DiPietro reconvened a budget advisory group in January to find more cost-cutting and revenue-generating ideas.
DiPietro will present the budget boundaries for the 2017 and 2018 fiscal years to a board subcommittee in June.