Current:Home > MarketsUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -NextFrontier Finance
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-13 13:22:39
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! (7)
Related
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Famed American sculptor Richard Serra, the ‘poet of iron,’ has died at 85
- Pennsylvania train crash highlights shortcomings of automated railroad braking system
- Utah women's basketball team experienced 'racial hate crimes' during NCAA Tournament
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Jason Dickinson scores twice as the Chicago Blackhawks beat the Calgary Flames 3-1
- Zendaya's Hairstylist Ursula Stephen Reveals the All-Star Details Behind Her Blonde Transformation
- WWII ace pilot Richard Bong's plane crashed in 1944. A team has launched a search for the wreckage in the South Pacific.
- Meta donates $1 million to Trump’s inauguration fund
- Why Eva Mendes Quit Acting—And the Reason Involves Ryan Gosling
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Judge issues gag order barring Donald Trump from commenting on witnesses, others in hush money case
- Lego moves to stop police from using toy's emojis to cover suspects faces on social media
- Shakira to play New York pop-up show in Times Square. Here's what you need to know.
- Intellectuals vs. The Internet
- Texas’ migrant arrest law is on hold for now under latest court ruling
- Aerial images, video show aftermath of Baltimore bridge collapse
- Here's how to turn off your ad blocker if you're having trouble streaming March Madness
Recommendation
North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
Sister Wives' Hunter Brown Shares How He Plans to Honor Late Brother Garrison
Trader Joe's bananas: Chain is raising price of fruit for first time in 20 years
Kansas legislators pass a bill to require providers to ask patients why they want abortions
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Meta ban on Arabic word used to praise violence limits free speech, Oversight Board says
Here's how to turn off your ad blocker if you're having trouble streaming March Madness
North Carolina elections board finalizes results from primary marked by new voter ID rules