Tuition will be increasing for the next academic year, the Board of Trustees decided Friday.

“There will be an increase,” said Claire Brownell, assistant to the chancellor.

Although the amount has been decided, the chancellor’s office declined to say by how much.

Last year, tuition increased by 4.9 percent.

“It’s not fair that undergraduates know before the parents and graduate students, and we understand that they need to prepare,” Brownell said.

Brownell said official information will be released sometime in February.

In other business, the trustees selected speakers for graduation.

Patty Gabow, the CEO of Denver Health, will speak at the undergraduate student body graduation.

Gabow will receive an honorary doctorate of public service.

Lewis Sharp, executive director of the Denver Art Museum, will speak at the graduate student graduation ceremony.

Sharp will receive an honorary doctorate from the department of Fine Arts.