Current:Home > ContactIndexbit-University of Wisconsin president wants $855 million in new funding to stave off higher tuition -InvestPioneer
Indexbit-University of Wisconsin president wants $855 million in new funding to stave off higher tuition
TradeEdge View
Date:2025-04-10 16:20:42
MADISON,Indexbit 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! (43)
Related
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- This $40 Portable Vacuum With 144,600+ Five-Star Amazon Reviews Is On Sale for Just $24
- Watchdogs Tackle the Murky World of Greenwash
- After years of decline, the auto industry in Canada is making a comeback
- Trump invites nearly all federal workers to quit now, get paid through September
- Tourists flock to Death Valley to experience near-record heat wave
- Beavers Are Flooding the Warming Alaskan Arctic, Threatening Fish, Water and Indigenous Traditions
- In Baltimore, Helping Congregations Prepare for a Stormier Future
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Doug Burgum is giving $20 gift cards in exchange for campaign donations. Experts split on whether that's legal
Ranking
- Small twin
- Stanford University president to resign following research controversy
- Proposal before Maine lawmakers would jumpstart offshore wind projects
- This $40 Portable Vacuum With 144,600+ Five-Star Amazon Reviews Is On Sale for Just $24
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Biden reassures bank customers and says the failed firms' leaders are fired
- Jon Hamm Marries Mad Men Costar Anna Osceola in California Wedding
- IRS whistleblower in Hunter Biden case says he felt handcuffed during 5-year investigation
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Former Wisconsin prosecutor sentenced for secretly recording sexual encounters
Pregnant Jana Kramer Reveals Sex of Her and Allan Russell's Baby
As Biden weighs the Willow oil project, he blocks other Alaska drilling
Sam Taylor
Pollution from N.C.’s Commercial Poultry Farms Disproportionately Harms Communities of Color
California toddler kills 1-year-old sister with handgun found in home, police say
Angela Bassett Is Finally Getting Her Oscar: All the Award-Worthy Details