Current:Home > reviewsUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -Profound Wealth Insights
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-27 20:57:24
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! (738)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Pilot says brakes seemed less effective than usual before a United Airlines jet slid off a taxiway
- Should Big Oil Be Tried for Homicide?
- Police officers’ trial on civil rights charges in Tyre Nichols death to stay in Memphis, judge says
- All That You Wanted to Know About She’s All That
- Shirley Jones' son Shaun Cassidy pays sweet tribute to actress on 90th birthday: 'A lover of life'
- Indianapolis police to step up enforcement of curfew law after weekend shootings
- Oakland A's to play 2025-27 seasons in Sacramento's minor-league park
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- More than 1 in 8 people feel mistreated during childbirth, new study finds
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Oklahoma executes Michael DeWayne Smith for 2002 fatal shootings
- House explosion in New Hampshire leaves 1 dead and 1 injured
- Nebraska lawmakers to debate a bill on transgender students’ access to bathrooms and sports teams
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Police officers’ trial on civil rights charges in Tyre Nichols death to stay in Memphis, judge says
- 6 inmates who sued New York over its prison lockdown order will get to view solar eclipse after all
- Stock market today: Asian shares mostly decline after Wall Street drop on rate cut concerns
Recommendation
'Most Whopper
Gypsy Rose Blanchard Shares She’s Undergoing Cosmetic Surgery
Judge rejects Trump’s First Amendment challenge to indictment in Georgia election case
More than 1 in 8 people feel mistreated during childbirth, new study finds
US appeals court rejects Nasdaq’s diversity rules for company boards
Hailey Van Lith enters transfer portal after one season with LSU women's basketball
Rashee Rice told police he was driving Lamborghini in hit-and-run car accident, lawyer says
Treasurer for dozens of Ohio political campaigns accused of stealing nearly $1M from clients