Memorandum of understanding signed with UNB to provide stable tuition: province says

A memorandum of understanding that aims to provide stable tuition for students has been signed between the provincial government and the University of New Brunswick. 

Government says the agreement represents an investment of almost $28 million over four years, and is in addition to the university's existing operational funding. 

Post-Secondary Education Minister Roger Melanson says the agreement will ensure that tuition rates are predictable and stable for students. 

The memorandum, which covers the 2017-18 to 2020-21 academic years, also aims to provide predictable multi-year funding for the university. 

Some key areas of the memorandum include a tuition cap of two per cent per year for students who were enrolled in 2018-19 or earlier, and increases to the university's operational funding will be one per cent in each of the first three years, followed by two per cent in 2020-21.