MINNEAPOLIS (AP) - Tuition is going up for students at the University of Minnesota this fall.

The Board of Regents on Wednesday approved a budget that includes tuition hikes of between 1.5 percent and 7 percent.

Under the budget, out-of-state undergraduates will experience the steepest jump, at 7 percent, while resident undergraduates will see an increase of 1.5 percent. Resident graduate and professional students will be asked to pay between 2.5 percent and 3.5 percent more.

With increases in fees and room and board, resident undergraduates will pay $420 more per year.

But while the tuition increase is expected to cost an extra $180 a year for resident undergraduates, 42 percent of them will see that jump offset by an increase in financial aid, according to the budget.