Current:Home > FinanceUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -StockPrime
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-11 15:23:26
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! (1413)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- 5 countries in East and southern Africa have anthrax outbreaks, WHO says, with 20 deaths reported
- 3 Chilean nationals accused of burglarizing high-end Michigan homes
- Hilary Duff Pays Tribute to Lizzie McGuire Producer Stan Rogow After His Death
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- 3 Chilean nationals accused of burglarizing high-end Michigan homes
- The UN peacekeeping mission in Mali ends after 10 years, following the junta’s pressure to go
- Police responding to burglary kill a man authorities say was armed with knife
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Harvard faculty rallies to the aid of university president criticized for remarks on antisemitism
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- More foods have gluten than you think. Here’s how to avoid 'hidden' sources of the protein.
- Allies of imprisoned Kremlin foe Navalny sound the alarm, say they haven’t heard from him in 6 days
- Three people die in a crash that authorities discovered while investigating a stolen vehicle
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Governor wants New Mexico legislators to debate new approach to regulating assault-style weapons
- Groups want full federal appeals court to revisit ruling limiting scope of the Voting Rights Act
- Man filmed wielding folding chair in riverfront brawl pleads guilty to misdemeanor
Recommendation
The Grammy nominee you need to hear: Esperanza Spalding
Heart of Hawaii’s historic Lahaina, burned in wildfire, reopens to residents and business owners
Man charged in Fourth of July parade shooting plans to represent himself at trial
Tyreek Hill exits Dolphins’ game vs. Titans with an ankle injury
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Zac Efron Puts on the Greatest Show at Star-Studded Walk of Fame Ceremony
Zac Efron Puts on the Greatest Show at Star-Studded Walk of Fame Ceremony
Suspect in Montana vehicle assault said religious group she targeted was being racist, witness says