Current:Home > InvestUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -MoneyTrend
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-18 12:57:51
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! (69)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Amazon's 'Fallout' TV show is a video game adaptation that's a 'chaotic' morality tale
- Robert De Niro and Tiffany Chen attend White House state dinner, Paul Simon performs: Photos
- Lawyers defending youth center against abuse allegations highlight former resident’s misbehavior
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- The internet is attacking JoJo Siwa — again. Here's why we love to hate.
- Liberal Wisconsin Supreme Court justice says she won’t run again, setting up fight for control
- Coachella 2024: Lineup, daily schedule, ticket info, how to watch festival livestream
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- 10 Things to Remember about O.J. Simpson
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Here's why some people bruise more easily than others
- Mattel launches new 'collaborative,' less intimidating version of Scrabble: What we know
- A piece of 1940s-era aircraft just washed up on the Cape Cod shore
- Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
- Rashee Rice didn't have to be a warning for NFL players. The Chiefs WR became one anyway.
- Absolutely 100 Percent Not Guilty: 25 Bizarre Things You Forgot About the O.J. Simpson Murder Trial
- O.J. Simpson dies at 76: The Kardashians' connections to the controversial star, explained
Recommendation
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Poland has a strict abortion law — and many abortions. Lawmakers are now tackling the legislation
Washington man pleads guilty to groping woman on San Diego to Seattle flight
Man arrested for allegedly taking a decommissioned NYC fireboat for an overnight cruise
NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
Job market red flag? Despite booming employment gains, white-collar job growth slows
Will John Legend and Chrissy Teigen Have Another Baby? They Say…
Off-duty SC police officer charged with murder in Chick-fil-A parking lot shooting