The tuition cap plan also would limit tuition-funded financial aid for needy students at some campuses.

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RALEIGH, N.C. - The Board of Governors for the University of North Carolina system will consider tuition cap increases at 5 percent annually for each campus.

The board also is expected to elect a new chancellor for UNC Asheville when it meets Friday at the Spangler Center in Chapel Hill.

The tuition cap plan also would limit tuition-funded financial aid for needy students at some campuses. The News & Observer of Raleighreported the plan would cap the amount of tuition revenue diverted to financial aid for lower-income students at 15 percent.

A committee of the Board of Governors approved the plan Thursday. The full board is expected to vote Friday.

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