The University of Massachusetts plans to make more than $130 million in financial aid available to its students this year.
University President Jack Wilson said in a report to the board of trustee's administration and finance committee that the school must do all it can to "maintain access and affordability."
UMass said in a statement on Monday that its financial aid commitment has increased by 267 percent over the last eight years, going from $35.6 million to the current figure of $130.5 million.
More than 60 percent of UMass undergraduates are receiving some type of need-based financial aid, totaling about $673 million. Nineteen percent of that total is being provided by the university itself.
The average overall cost of attending UMass for an in-state undergraduate is $22,623 this year.
This program aired on February 14, 2011. The audio for this program is not available.