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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe trustees of financially strapped Ivy Tech Community College have approved raising tuition by $5 per credit hour each semester for the next two years amid efforts to close a $68 million budget shortfall.
The more than 8-percent annual increase approved Thursday would increase the cost of a three-hour class by $15 in the fall and by $60 in the spring of 2015. Ivy Tech currently charges $111 per credit hour.
The Indiana Commission for Higher Education recommended no more than a 2-percent increase.
The board also passed a resolution to save $500,000 by going with PepsiCo as the college's sole beverage provider and no longer offering Coca-Cola beverages.
The 175,000-student community college also is considering closing about a quarter of its 72 locations across Indiana.
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