Current:Home > InvestUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -WealthTrack
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-12 15:32:51
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! (51819)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Lamar Jackson vs. Patrick Mahomes is only one of the storylines for AFC championship
- Move to repeal new Virginia law on organized retail theft blocked for this year
- Man accused of killing TV news anchor's mother in her Vermont home pleads not guilty
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Stanford's Tara VanDerveer becomes winningest coach in major college basketball, passing Mike Krzyzewski
- Video shows small asteroid burning up as it zooms through skies over eastern Germany
- Dutch court convicts pro-Syrian government militia member of illegally detaining, torturing civilian
- US appeals court rejects Nasdaq’s diversity rules for company boards
- House fire traps, kills 5 children: How the deadly blaze in Indiana unfolded
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Ticket prices for AFC, NFC championship game: Cost to see Chiefs vs. Ravens, Lions vs. 49ers
- Google warns users Chrome's incognito mode still tracks data, reports say. What to know.
- A 100 mph dash for life: Minnesota state troopers race to get heart to transplant recipient
- Why members of two of EPA's influential science advisory committees were let go
- A college student fell asleep on the train. She woke up hours later trapped inside.
- Joel Embiid sets franchise record with 70 points in 76ers’ win over Wembanyama, Spurs
- Former state Rep. Rick Becker seeks North Dakota’s only US House seat
Recommendation
'We're reborn!' Gazans express joy at returning home to north
New York City plans to wipe out $2 billion in medical debt for 500,000 residents
Move to repeal new Virginia law on organized retail theft blocked for this year
'Model inmate': Missouri corrections officers seek death penalty reprieve for Brian Dorsey
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
This Hair Cream Was the Only Thing That Helped My Curls Survive the Hot & Humid Florida Weather
Michael Phelps and Wife Nicole Johnson Welcome Baby No. 4
Lamar Jackson vs. Patrick Mahomes is only one of the storylines for AFC championship