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Purdue University freezes tuition rates for two years

WEST LAFAYETTE, Ind. --  Purdue University will be freezing tuition costs for the next two years. This is all in response to the nation's lingering weak ecomy.

It means the cost of basic in-state tuition will remain at $10,000. Out-of-state tuition will stay around $29,000.

Former governor and current Purdue President Mitch Daniels said around $40 million will need to be cut from the budget to accommodate the freeze. 

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