Current:Home > FinanceUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition-Angel Dreamer Wealth Society D1 Reviews & Insights
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View Date:2024-12-24 07:17:49
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! (7895)
Related
- Taylor Swift touches down in Kansas City as Chiefs take on Denver Broncos
- Bird flu has hit U.S. dairy cattle for the first time. Here's what it means for milk supply.
- Inmate’s lawsuit seeks to block Alabama’s bid to arrange 2nd execution using nitrogen gas
- Sheriff’s deputies fatally shoot man in Mississippi
- The White Stripes drop lawsuit against Donald Trump over 'Seven Nation Army' use
- Maroon 5 was right: Rolling Stones' Mick Jagger still has the 'Moves Like Jagger' at 80
- The Malmö Oat Milkers are MiLB’s newest team: What to know about the Sweden-based baseball team
- Severe thunderstorms threaten central and eastern US with floods, hail and tornadoes
- NFL MVP rankings: Does Steelers QB Russell Wilson deserve any consideration?
- Mosques in NYC struggle to house and feed an influx of Muslim migrants this Ramadan
Ranking
- The USDA is testing raw milk for the avian flu. Is raw milk safe?
- Brittany Mahomes Shares Glimpse Inside Easter Celebration With Patrick and Their 2 Kids
- Former NFL Star Vontae Davis Dead at 35
- Refinery fire leaves two employees injured in the Texas Panhandle
- 4 charged in Detroit street shooting that left 2 dead, 5 wounded
- Medicaid expansion coverage enrollment in North Carolina now above 400,000
- Search underway for 2 women in Oklahoma after suspicious disappearance
- Upgrade Your Closet With These Cool & Trendy Spring Street Style Essentials
Recommendation
-
Study finds Wisconsin voters approved a record number of school referenda
-
LSU's Angel Reese tearfully addresses critics postgame: 'I've been attacked so many times'
-
Why this fact about sperm matters for couples trying to conceive
-
From homeless to Final Four history, Fisk forward being honored for his courage
-
The NBA Cup is here. We ranked the best group stage games each night
-
Polygamous sect leader pleads guilty in scheme to orchestrate sexual acts involving children
-
Shop Major Urban Decay Cosmetics Discounts, 63% Off Abercrombie Onesies and Today’s Best Deals
-
Caitlin Clark gets revenge on LSU in 41-point performance. 'We don't want this to end'