Current:Home > FinanceUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -InfiniteWealth
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-17 03:27:06
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! (33314)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- 'God help her': Dramatic video shows zookeepers escape silverback gorilla in Fort Worth
- Russell Wilson visits with Steelers, meets with Giants ahead of NFL free agency, per reports
- New York City Ready to Expand Greenways Along Rivers, Railways and Parks
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Read the Pentagon UFO report newly released by the Department of Defense
- Spanish utility Iberdrola offers to buy remaining shares to take 100% ownership of Avangrid
- RNC votes to install Donald Trump’s handpicked chair as former president tightens control of party
- Retirement planning: 3 crucial moves everyone should make before 2025
- North Carolina Gov. Roy Cooper rescinds 2021 executive order setting NIL guidelines in the state
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- 'Normalize the discussion around periods': Jessica Biel announces upcoming children's book
- Wolfgang Van Halen slams ex-bandmate David Lee Roth's nepotism comments
- Quinoa is a celeb favorite food. What is it and why is it so popular?
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- A Guide to 2024 Oscar Nominee Robert De Niro's Big Family
- Pitch Perfect's Adam Devine and Wife Chloe Bridges Welcome First Baby
- The US is springing forward to daylight saving. For Navajo and Hopi tribes, it’s a time of confusion
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Spring Ahead with Kate Spade Outlet’s Weekend Deals – $59 Crossbodies, $29 Wristlets & More
'Jersey Shore' star Mike 'The Situation' Sorrentino and wife announce birth of 3rd child
How to watch the Anthony Joshua-Francis Ngannou fight: Live stream, TV channel, fight card
A White House order claims to end 'censorship.' What does that mean?
Dakota Johnson and Chris Martin Engaged: Inside Their Blissful Universe
Microsoft says it hasn’t been able to shake Russian state hackers
Need help with a big medical bill? How a former surgeon general is fighting a $5,000 tab.