The College of Charleston's Board of Trustees voted unanimously Monday to approve a new budget that includes a 3.2 percent tuition increase for both in-state and out-of-state undergraduate students for the 2014-2015 school year.

Under the budget, undergraduate in-state tuition will increase $328, from $10,230 to $10,558 per year, and out-of-state tuition will increase $854, from $26,694 to $27,548.

Graduate tuition also will increase, from $11,254 to $11,614 for in-state students and from $29,364 to $30,304 for out-of-state students.

"We have worked to minimize tuition increases over the past several years, while at the same time maintaining the high quality of our academic programs," said Board Chairman Greg Padgett. "The Board of Trustees remains committed to maintaining our academic quality at a reasonable price."

The tuition increase likely will place the College of Charleston's tuition sixth among the state's 13 public four-year colleges and universities, he said.

Reach Diane Knich at 843-937-5491 or on Twitter at @dianeknich.