Current:Home > MyUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -NextFrontier Capital
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-12 23:45:28
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! (5237)
Related
- Former Syrian official arrested in California who oversaw prison charged with torture
- Medical students aren't showing up to class. What does that mean for future docs?
- Lake Mead reports 6 deaths, 23 rescues and rash of unsafe and unlawful incidents
- Could the Flight Shaming Movement Take Off in the U.S.? JetBlue Thinks So.
- Military service academies see drop in reported sexual assaults after alarming surge
- Scientists may be able to help Alzheimer's patients by boosting memory consolidation
- By Getting Microgrids to ‘Talk,’ Energy Prize Winners Tackle the Future of Power
- We Finally Know the Plot of Margot Robbie and Ryan Gosling's Barbie
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Bella Thorne Is Engaged to Producer Mark Emms
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Kate Spade 24-Hour Flash Deal: Get This $300 Crossbody Bag for Just $69
- Kris Jenner Says Scott Disick Will Always Be a Special Part of Kardashian Family in Birthday Tribute
- Medical students aren't showing up to class. What does that mean for future docs?
- Current, future North Carolina governor’s challenge of power
- Blue Ivy Runs the World While Joining Mom Beyoncé on Stage During Renaissance Tour
- Financial Industry Faces Daunting Transformation for Climate Deal to Succeed
- In Australia’s Burning Forests, Signs We’ve Passed a Global Warming Tipping Point
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Vanderpump Rules' Tom Sandoval Doesn’t Want to Hear the Criticism—About His White Nail Polish
Doctors rally to defend abortion provider Caitlin Bernard after she was censured
Tori Bowie, an elite Olympic athlete, died of complications from childbirth
Trump issues order to ban transgender troops from serving openly in the military
Worried about your kids' video gaming? Here's how to help them set healthy limits
Q&A: A Law Professor Studies How Business is Making Climate Progress Where Government is Failing
Meet the teen changing how neuroscientists think about brain plasticity