Princeton’s undergraduate tuition will increase by just one percent in the coming academic year — the lowest raise in 45 years, a Princeton press release reported Monday.

The minimal tuition increase for 2011–’12 approved by Princeton University trustees on Jan. 22 comes as students and families continue to cope with the aftermath of a nationwide economic crisis. Provost Christopher Eisgruber said the university’s 2009-’10 fundraising campaign and positive endowment returns in fiscal year 2010 contributed to the low tuition increase, according to the university press report.

The one percent increase ups tuition by $360 from the current cost, bringing it to $37,000 for the coming academic year. Room costs will rise by two percent, or $129, and board charges will remain the same as in 2010-’11. The last time Princeton saw such a small swell in fees was in 1966, when costs did not increase.

Tuition for Yale undergraduates in the 2010-’11 academic year is $38,300.