BOULDER | The University of Colorado will no longer raise student’s tuitions each year, instead adopting a four-year fixed rate for in-state students.

FILE - In this April 20, 2015 file photo, students walk to and from classes on the campus quad of the University of Colorado, in Boulder, Colo. There's good news and bad news in the $27 billion state budget up for debate Thursday, March 31, 2016, in the Colorado House. Schools and colleges aren’t getting budget cuts. Colleges and vocational training programs fared well, too, getting an extra $14.5 million despite warnings from legislative Democrats that Colorado’s 31 public institutions of higher education would see budget cuts requiring tuition hikes. (AP Photo/Brennan Linsley, File)

The Daily Camera reports ( ) that CU’s Board of Regents on Wednesday approved a plan that will lock in tuition and mandatory fees for each entering class of in-state students for the next four years. Previously, tuition prices were set each spring, with annual increases anywhere between 3 and 30 percent.

CU officials say the new system will better help students plan and budget for their college education.

Out-of-state and international students already attend CU with a tuition guarantee.