Miami University of Ohio announced Friday it's raising its room and board rates for next year.

Students will pay $8,998 for a room and 21-meal plan. This year, the same plan costs $8,600.

Miami University said each housing and meal plan are different, as some plans will cost more while others will cost less.

Administrators said they release the cost a year in advance so students can compare on-campus and off-campus housing prices.