Current:Home > FinanceUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -ProfitClass
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-13 07:23:33
MADISON, Wis. (AP) — Universities of Wisconsin officials are asking their regents to approve a request for $855 million in new state funding to stave off another round of tuition increases, cover raises, subsidize tuition and keep two-year branch campuses open in some form.
President Jay Rothman said during a brief Zoom news conference Monday that his administration plans to ask regents on Thursday to approve asking for the money as part of the 2025-27 state budget. The request is only the first step in a long, winding budget-making process. Tuition and student fees at the University of Wisconsin-Madison, the system’s flagship campus, is now $11,606 a year for in-state undergraduates. The total cost to attend the university for a year is about $30,000 when factoring in room and board, educational supplies and other costs.
If regents sign off on Rothman’s request, it would go to Gov. Tony Evers to consider including in the executive budget plan he sends to lawmakers for them to weigh in budget negotiations. Evers has already said he plans to propose more than $800 million in new funding for UW in the coming two-year spending plan.
Lawmakers will spend weeks next spring crafting a budget deal before sending it back to Evers, who can use his partial veto powers to reshape the document to his liking.
Rothman said he would not seek a tuition increase for the 2026-27 academic year if he gets what he’s looking for from lawmakers. He declined to say what increases students might otherwise face.
Declining enrollment and flat state aid has created a world of financial problems for the UW system and left the campuses more dependent on tuition. Six of the system’s 13 four-year campuses face a deficit heading into this academic year and system officials have announced plans to close six two-year branch campuses since last year.
Almost a quarter of the system’s revenue came from tuition last year while only about 17% came from state funding, according to an analysis from the nonpartisan Legislative Fiscal Bureau. Regents increased tuition an average of 4.9% for the 2023-24 academic year and 3.75% going into this year.
Rothman said the additional money he wants would pay for an 8% across-the-board salary increase for faculty and staff over the biennium.
The new money also would help fund the Wisconsin Tuition Promise, a program that covers tuition and fees for lower-income students beginning in 2026. Students from families that make $71,000 or less would be eligible.
The program debuted in 2023 and covered students whose families earned $62,000 or less. Financial problems put the program on hold this year except at UW-Madison and UW-Milwaukee, but the system plans to restart it next fall for students whose families earn $55,000 or less using mostly money from within system administration.
An influx of cash from the state could not only expand tuition subsidies and pay for raises, but would also help keep two-year branch campuses open, Rothman said. Even with more money, though, campus missions could shift toward graduate programs or continuing adult education in the face of declining enrollment, he said.
veryGood! (824)
Related
- Boy who wandered away from his 5th birthday party found dead in canal, police say
- Real Housewives of Potomac's Karen Huger Charged With DUI After Car Crash
- Ariana Grande, Ethan Slater and the Entire Wicked Cast Stun in New Photos
- Real Housewives of Potomac's Karen Huger Charged With DUI After Car Crash
- Small twin
- In Japan, Ohtani’s ‘perfect person’ image could take a hit with firing of interpreter over gambling
- Virginia wildfire map: See where fires are blazing as some areas deal with road closures
- Lawmakers unveil $1.2 trillion funding package, kicking off sprint to avoid government shutdown
- North Carolina justices rule for restaurants in COVID
- Explosive Jersey Shore Teaser Offers First Glimpse of Sammi and Ronnie Reunion
Ranking
- What to watch: O Jolie night
- 'The first dolphin of its kind:' Remains of ancient giant dolphin discovered in the Amazon.
- Powerball numbers 3/20/24: Consider these trending numbers for the $750M Powerball drawing?
- Hyundai recalls more than 98,000 cars due to loss of drive power
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- 'We were surprised': Intermittent fasting flagged as serious health risk
- Breakfast is the most important meal of the day. With inflation, it's also expensive. See costs
- Chick-fil-A adds 6 pizza items to menu at test kitchen restaurant: Here's what to know
Recommendation
Former Milwaukee hotel workers charged with murder after video shows them holding down Black man
About 70 dogs killed after 'puppy mill' bursts into flames in Ohio, reports say
Grid-Enhancing ‘Magic Balls’ to Get a Major Test in Minnesota
Mom of Utah grief author accused of poisoning her husband also possibly involved in his death, affidavit says
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
The US may catch a spring break on weather. Forecasters see minimal flooding and drought for spring
Stuck at home during COVID-19, Gen Z started charities
Hyundai recalls more than 98,000 cars due to loss of drive power