THE BRONX - The City University of New York Board of Trustees voted today to approve a tuition increase, which would raise annual tuition by $300 each year over the next five years.

College students across the borough protested the plan up until the final vote, citing economic struggles. Some say the hikes will make it harder for them to attend class and buy books due to the increased cost.

Officials say that the tuition increases are necessary due to the record-high enrollment and budget cuts by the city.

Under the new plan, undergraduate students will pay more than $6,300 per year by 2015, compared to $4,800 paid in 2010.

CUNY officials say that even with the tuition hikes, it would still be the most affordable academic option within the city.