NORMAL, Ill. (WAND) - Leaders with Illinois State University are considering raising costs for students. 

ISU President Larry Dietz floated the idea of a 1-2 percent tuition increase Saturday at a Board of Trustees meeting, according to NBC affiliate WEEK. Raising tuition by 1 percent would create about $2 million in additional revenue. 

A gradual increase would be better than a static increase, Dietz added. He said the thinks there will be a "modest increase." 

"I think there is some danger in not increasing at all for a number of years and then all of the sudden having to jump up to a much higher amount then some of our peers," he said. 

He said a cost increase would only affect new, incoming students. 

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