Current:Home > FinanceUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -Streamline Finance
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-17 16:24:07
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! (37976)
Related
- The Daily Money: Disney+ wants your dollars
- Andy Kim and Curtis Bashaw face off in a New Jersey Senate race opened up by a bribery scandal
- Federal agencies say Russia and Iran are ramping up influence campaigns targeting US voters
- Quincy Jones paid tribute to his daughter in final Instagram post: Who are his 7 kids?
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Pennsylvania election officials weighing in on challenges to 4,300 mail ballot applications
- Ex-officer found guilty in the 2020 shooting death of Andre Hill
- Hurricane season still swirling: Rafael could threaten US later this week
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- NFL overreactions Week 9: Raiders should trade Maxx Crosby as race for No. 1 pick heats up
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Georgia high court says absentee ballots must be returned by Election Day, even in county with delay
- NFL Week 9 winners, losers: Joe Flacco shows Colts botched QB call
- JonBenét Ramsey Docuseries Investigates Mishandling of Case 28 Years After Her Death
- British swimmer Adam Peaty: There are worms in the food at Paris Olympic Village
- Georgia authorities probe weekend shooting that left 2 dead, officer injured
- Mike Tyson says he lost 26 pounds after ulcer, provides gory details of medical emergency
- Grimes Trolls Ex Elon Musk With Comment About Dating Guys Interested in Outer Space
Recommendation
Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
Willie Nelson speaks out on bandmate Kris Kristofferson's death: 'I hated to lose him'
Saints fire coach Dennis Allen after seventh straight loss. Darren Rizzi named interim coach
Kourtney Kardashian and Travis Barker's Baby Rocky Gets Priceless Birthday Gift From Sylvester Stallone
Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles
Mexico’s National Guard kills 2 Colombians and wounds 4 on a migrant smuggling route near the US
Spurs coach Gregg Popovich sidelined indefinitely with undisclosed illness
Horoscopes Today, November 4, 2024