Current:Home > FinanceUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -WealthGrow Network
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-13 03:16:06
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! (1526)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Michigan's abortion ban is blocked for now
- Star Wars Day 2023: Shop Merch and Deals From Stoney Clover Lane, Fanatics, Amazon, and More
- 27 Ways Hot Weather Can Kill You — A Dire Warning for a Warming Planet
- Meet first time Grammy nominee Charley Crockett
- Get $135 Worth of Tarte Cosmetics Products for Just $59 Before This Deal Sells Out
- The new U.S. monkeypox vaccine strategy offers more doses — and uncertainty
- Young adults are using marijuana and hallucinogens at the highest rates on record
- Travis Hunter, the 2
- Flash Deal: Save $621 on the Aeropilates Reformer Machine
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Vanderpump Rules: Ariana Madix Catches Tom Sandoval Lying Amid Raquel Leviss Affair
- Nebraska Landowners Hold Keystone XL at Bay With Lawsuit
- Pfizer asks FDA to greenlight new omicron booster shots, which could arrive this fall
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Look Back on King Charles III's Road to the Throne
- Millions of Americans will soon be able to buy hearing aids without a prescription
- Natural Gas Flaring: Critics and Industry Square Off Over Emissions
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Protecting Norfolk from Flooding Won’t Be Cheap: Army Corps Releases Its Plan
Some bars are playing a major role in fighting monkeypox in the LGBTQ community
Investors Worried About Climate Change Run Into New SEC Roadblocks
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Is Climate Change Ruining the Remaining Wild Places?
Today’s Climate: May 12, 2010
Are Antarctica’s Ice Sheets Near a Climate Tipping Point?