PORTLAND, Ore. – The PSU Board of Trustees voted Tuesday morning to raise in-tuition by nine percent as students protested the increase outside the board meeting.

The hike would raise the annual cost of tuition 9 percent, about $700 more a year for a resident full-time undergraduate student. Non-resident tuition would go up about 5 percent, or about $1,300 a year.

PSU administrators say the school faces a $20 million gap next year to achieve a balanced budget, due to cuts in state funding. Other factors driving the tuition increase include pensions, health care benefits, and wages.

To fix this, PSU would have to make $9 million in cuts from the current budget.

“Those include personnel reductions through unfilled vacancies and retirements, increased teaching loads in certain cases, organizational consolidations and other steps. The remaining $11 million needed to balance the budget would come from increased tuition revenues,” according to a PSU press release.

PSU might also increase mandatory student fees.

Gov. Kate Brown issued a statement Tuesday morning that state universities should try and keep tuition increasesto a minimum.

"Oregon's university students are carrying too much of the burden of their own education," she said.

The Board of Trustees will finalize the 2017-2018 budget June 22nd.