Current:Home > FinanceUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -Edge Finance Strategies
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-17 04:56:19
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! (11143)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- The IRS will stop making most unannounced visits to taxpayers' homes and businesses
- The Best Portable Grill Deals from Amazon Prime Day 2023: Coleman, Cuisinart, and Ninja Starting at $20
- As Flooding Increases, Chicago Looks To Make Basement Housing Safer
- Stamford Road collision sends motorcyclist flying; driver arrested
- Amazon Prime Day 2023 Flash Deal: 52% Off a Revlon Heated Brush That Dries and Styles at the Time Same
- 2023 Emmy Nominations Shocking Snubs and Surprises: Selena Gomez, Daisy Jones and More
- Amazon Prime Day 2023 Flash Deal: 52% Off a Revlon Heated Brush That Dries and Styles at the Time Same
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Pregnant Kourtney Kardashian Bares Her Baby Bump in Leopard Print Bikini During Beach Getaway
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Love Island USA Host Sarah Hyland Teases “Super Sexy” Season 5 Surprises
- Amazon Prime Day 2023 Fashion Deal: 20% Off This Top-Rated Jumpsuit With Sizes Ranging From Small to 4X
- In the End, Solar Power Opponents Prevail in Williamsport, Ohio
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Why Chinese Aluminum Producers Emit So Much of Some of the World’s Most Damaging Greenhouse Gases
- Kyle Richards Claps Back at “Damage Control” Claim After Sharing Family Photo With Mauricio Umansky
- Residents Fear New Methane Contamination as Pennsylvania Lifts Its Gas-Drilling Ban in the Township of Dimock
Recommendation
Woman dies after Singapore family of 3 gets into accident in Taiwan
Microplastics Pervade Even Top-Quality Streams in Pennsylvania, Study Finds
The EPA Is Helping School Districts Purchase Clean-Energy School Buses, But Some Districts Have Been Blocked From Participating
Inflation may be cooling, but the housing market is still too hot for many buyers
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
New EPA Proposal to Augment Methane Regulations Would Help Achieve an 87% Reduction From the Oil and Gas Industry by 2030
Amazon Prime Day Rare Deal: Get a Massage Therapy Gun With 14,000+ 5-Star Reviews for Just $32
Across New York, a Fleet of Sensor-Equipped Vehicles Tracks an Array of Key Pollutants