Only one day after joining the new Obama program to help students become more fiscally responsible UMass has increased their tuition. 

UMass board of trustees will be meeting today to discuss a possible tuition hike of 4.9 percent, which would increase the cost for in-state undergraduates an average of $580.

At the beginning of the 2013-14 school year, UMass (along with nine other colleges) will provide all incoming students with an easy to digest information sheet, according to the Boston Globe. The sheet will cover just how much one year of college will cost for a Minutemen.

Related: Schools To Be Held Accountable For Spiraling Tuition Costs

What does this little fun-fact sheet have on it? The sheet will include student's financial aid options including grants, scholarships and loans and net costs after grants and scholarships are taken into account. Additionally, it will also show their estimated monthly payments for federal student loans upon graduation.

Looks like that's $580 less for beer next year or maybe just don't buy books.