Current:Home > reviewsUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -Elite Financial Minds
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-12 06:02:55
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! (56)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Weekend wildfires lead to 1 death, large areas burned in western North Dakota
- College Football Playoff predictions: Projecting who would make 12-team field after Week 6
- Two boys, ages 12 and 13, charged in assault on ex-NY Gov. David Paterson and his stepson
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Sister Wives’ Kody Brown Leaves His and Wife Robyn Brown’s Home After Explosive Fight
- Sean “Diddy” Combs’ Mom Janice Defends Him Against “Public Lynching” Amid Sexual Abuse Allegations
- TikToker Taylor Rousseau Grigg Detailed Health Struggles in One of Her Final Videos Before Her Death
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Opinion: Trading for Davante Adams is a must for plunging Jets to save season
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- Bear with 3 cubs attacks man after breaking into Colorado home
- Opinion: Nick Saban asked important college football question, and Vanderbilt offers a loud answer
- 'We know we're good': Mets pounce after Phillies pull ace in latest rousing comeback
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Opinion: Kalen DeBoer won't soon live down Alabama's humiliating loss to Vanderbilt
- Aaron Rodgers injury update: Jets QB suffers low-ankle sprain vs. Vikings
- Dodgers' Freddie Freeman leaves NLDS Game 2 against Padres with ankle discomfort
Recommendation
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
ACC power rankings: Miami clings to top spot, Florida State bottoms out after Week 6
Phillies strike back at Mets in dogfight NLDS: 'Never experienced anything like it'
Sister Wives’ Kody Brown Says Marriage to Robyn Has Been Hurt More Than Relationships With His Kids
South Korean president's party divided over defiant martial law speech
Off the Grid: Sally breaks down USA TODAY's crossword puzzle, Cross My Heart (Freestyle)
'He's the guy': Josh Jacobs, Packers laud Jordan Love's poise
Cardi B Claps Back on Plastic Surgery Claims After Welcoming Baby No. 3