Current:Home > InvestUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -FutureFinance
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
Fastexy View
Date:2025-04-07 04:13:12
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! (92478)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- John Oates is still 'really proud' of Hall & Oates despite ex-bandmate's restraining order
- Experts share which social media health trends to leave behind in 2023 — and which are worth carrying into 2024
- Florida teen fatally shoots sister after argument over Christmas presents, sheriff says
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Danny Masterson sent to state prison to serve sentence for rape convictions, mug shot released
- Watch this gift-giving puppy shake with excitement when the postal worker arrives
- Appeals court tosses ex-Nebraska Rep. Jeff Fortenberry's conviction for lying to FBI
- Travis Hunter, the 2
- Argument over Christmas gifts turns deadly as 14-year-old kills his older sister, deputies say
Ranking
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Pope Francis blasts the weapons industry, appeals for peace in Christmas message
- Billie Lourd Shares How She Keeps Mom Carrie Fisher’s Legacy Alive With Kids on Anniversary of Her Death
- Jury deadlocks in trial of Alabama man accused of 1988 killing of 11-year-old Massachusetts girl
- Senate begins final push to expand Social Security benefits for millions of people
- New Toyota, Subaru and more debut at the 2023 L.A. Auto Show
- Pro-Palestinian protesters block airport access roads in New York, Los Angeles
- Neighboring New Jersey towns will have brothers as mayors next year
Recommendation
SFO's new sensory room helps neurodivergent travelers fight flying jitters
Was 2023 a tipping point for movies? ‘Barbie’ success and Marvel struggles may signal a shift
Denver police investigating threats against Colorado Supreme Court justices after ruling disqualifying Trump from holding office
Reese Witherspoon Has a Big Little Twinning Moment With Daughter Ava Phillippe on Christmas
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Hong Kong man jailed for 6 years after pleading guilty to a terrorism charge over a foiled bomb plot
Doctors are pushing Hollywood for more realistic depictions of death and dying on TV
Dominican officials searching for Rays shortstop Wander Franco as investigation continues