Current:Home > MarketsNovaQuant-University of Wisconsin president wants $855 million in new funding to stave off higher tuition -前500条预览:
NovaQuant-University of Wisconsin president wants $855 million in new funding to stave off higher tuition
Ethermac View
Date:2025-04-11 04:31:55
MADISON,NovaQuant 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! (6)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Eddie Redmayne Is Twinning in a Skirt With Wife Hannah Bagshawe at the 2024 Met Gala
- Baby found alive after Amber Alert issued, mom found dead in NM park; suspect in custody
- Why Brooklyn Peltz Beckham Went to the 2024 Met Gala Without Wife Nicola Peltz Beckham
- Sonya Massey's father decries possible release of former deputy charged with her death
- Are you turning 65 between 2024 and 2030 and not financially prepared for retirement? Do this.
- Planters nuts recalled due to possible listeria contamination: See products affected
- Planters nuts recalled due to possible listeria contamination: See products affected
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- One Tech Tip: How to spot AI-generated deepfake images
Ranking
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Nuggets' Jamal Murray deserved technical foul for tossing heating pad on court in Game 2
- Worker killed, another injured, when truck crashes through guardrail along California freeway
- Kendall Jenner, Cardi B and More 2024 Met Gala After-Party Fashion Moments You Need to See
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Australian boy killed by police was in deradicalization program since causing school explosion
- Gaza protestors picket outside of Met Gala 2024
- Flavor Flav backs US women's water polo team on road to 2024 Summer Olympics
Recommendation
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Easily digitize old, physical photos: Here's how to scan on iPhone and Androids
You Might've Missed This Euphoria Reunion at Met Gala 2024
A Colorado teen disappeared in a brutal Korean War battle. His remains have finally been identified.
Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
Kendrick Lamar and Drake released several scathing diss tracks. Here's a timeline of their beef.
Mobile home explodes in Minnesota, killing 2 people, sheriff’s office says
Why Rihanna Skipped Met Gala 2024 At the Last Minute