New enrollment data predicts that the University of Colorado Boulder will see a 3.5% increase in students this fall, equating to about $32 million of additional revenue for the university.

The 3.5% projected enrollment increase is up 3% from June predictions, when CU officials were anticipating a 0.5% increase in students.

A 3.5% increase would mean an additional 1,305 students for a 38,458 total enrollment at CU Boulder this fall. CU Boulder saw a 2.9% increase in the fall of 2023 and reached a total enrollment of 37,153.

“This is really good news in terms of enrollment,” CU System Chief Financial Officer Chad Marturano said Thursday during a CU Board of Regents meeting at CU Anschutz .

June numbers projected a 0.5% enrollment increase this fall, an increase of about 200 students for a total of 37,353 students. Updated predictions were presented at the University of Colorado Board of Regents meeting on Thursday.

Marturano said the enrollment predictions presented Thursday may continue to change slightly before the data is finalized.

“The way that Boulder is actually generating the majority of this growth is through continuing students,” Marturano said.

Continuing undergraduate enrollment is projected to be at 22,925 students, an increase of 1,283 students, 5.6%, from the fall of 2023. The first-year cohort is projected to be 7,430 students, a decrease of 1.5% from last fall.

“We see how much retention matters on all our campuses,” CU President Todd Saliman said, adding, “It’s our moral obligation to get students across the finish line, that they trust us with their education.”

Generally, the projections show that in-state undergraduate and graduate student enrollment is increasing and out of state enrollment is decreasing.

Additional revenue from enrollment increases will run through the campus budget model, with most of the money going back to support students. CU Boulder will release final enrollment numbers next week.