LARAMIE, Wyo. — The University of Wyoming Board of Trustees on Friday approved raising tuition and fees over the next two years to help pay for a variety of general expenses such as library materials and classroom equipment.

Even with the increases, a survey by the university says UW has the lowest tuition and fees among 150 U.S. public doctoral institutions it looked at.

"We're still a very, very good deal," said Jim Neiman, trustees board president. "There's some impression from out-of-staters that along with the cost goes the value of the education. That's untrue. I just invite any out-of-stater to come to this university and in-state students to come and look and evaluate the quality of this education. This is a very fine university."

Under the plan approved Friday, tuition paid by resident students at the state's only four-year public university will increase 2 percent in each of the next two years while nonresident students will pay 4.5 percent more in each of 2013 and 2014.

For a resident undergraduate student, tuition that costs $104 per credit hour this year would increase to $108 per credit hour by 2014. Nonresident per credit hour tuition will go from $576 to $629.

Mandatory student fees will increase from $1,005 a year to about $1,164 in 2014. Mandatory fees help pay for various student and campus services and activities, including health programs, recycling, intercollegiate athletics and campus recreation.

For instance, some money will help pay for a $27 million renovation of the Half Acre Gym on campus.

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Together, total tuition and fees paid by a resident undergraduate student at UW will increase from $4,125.22 this year to $4,277.88 in 2013 and to $4,404.38 in 2014.

Neiman warned the trustees that bleak predictions for state revenue in the near future could mean that the board will have to review the issue again next year.

One trustee, Brad Mead, said he thought tuition should have been increased by 3 percent in 2014.

"I just think realistically I'd rather acknowledge it now than wait and revisit it in 12 months," Mead said. "My hunch is it will go up."