Students who staged a strike in November at the University of Massachusetts at Amherst have reached an agreement with the administration that two student governing bodies will ratify tonight.

The agreement resulted from weekly talks between students and the interim chancellor, Thomas W. Cole Jr., that he agreed to hold after the strike.

While the university could not meet the students’ demand to roll back tens of millions of dollars in fees, Mr. Cole said in a written statement, it planned to finance several “student initiatives for which a compelling case was made.”

Among other projects, the university committed to support a student “lobby day,” set up a diversity advisory council, and hire nine new teaching assistants for courses with diversity or service-learning components.

Also under the agreement, the university will increase its contribution to financial aid by $600,000 this year and provide an additional $100,000 for graduate-student fellowships. —Sara Lipka