Current:Home > NewsNovaQuant Quantitative Think Tank Center:University of Wisconsin president wants $855 million in new funding to stave off higher tuition -MoneyTrend
NovaQuant Quantitative Think Tank Center:University of Wisconsin president wants $855 million in new funding to stave off higher tuition
Chainkeen View
Date:2025-04-08 23:00:24
MADISON,NovaQuant Quantitative Think Tank Center 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! (3)
Related
- Tom Holland's New Venture Revealed
- Caitlin Clark returns to action Sunday: How to watch Indiana Fever vs. Atlanta Dream
- YouTuber Nikocado Avocado Debuts 250-Lb. Weight Loss Transformation
- 2024 Creative Arts Emmy Awards: Dates, nominees, where to watch and stream
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- How many points did Caitlin Clark score Friday? Lynx snap Fever's five-game win streak
- Cardinals' DeeJay Dallas gets first touchdown return under NFL's new kickoff rules
- The AI industry uses a light lobbying touch to educate Congress from a corporate perspective
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Once volatile, Aryna Sabalenka now the player to beat after US Open win over Jessica Pegula
Ranking
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Run to Vineyard Vines for an Extra 30% off Their Sale—Shop Flowy Dresses, Nautical Tops & More Luxe Deals
- Ashley Tisdale Gives Birth, Welcomes Baby No. 2 With Husband Christopher French
- Packers QB Jordan Love injured in closing seconds of loss to Eagles in Brazil
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Cottage cheese is more than its curds: Get to know the health benefits
- Kendrick Lamar will headline 2025 Super Bowl halftime show in New Orleans
- Multiple people shot along I-75 south of Lexington, Kentucky, authorities say
Recommendation
All That You Wanted to Know About She’s All That
Lil' Kim joins Christian Siriano's NYFW front row fashionably late, mid-fashion show
As the Planet Warms, Activists in North Carolina Mobilize to Stop a Gathering Storm
15-year-old boy fatally shot by fellow student in Maryland high school bathroom
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Kendrick Lamar to Perform at 2025 Super Bowl Halftime Show
Unstoppable Director Details Ben Affleck and Jennifer Lopez's Dynamic on Their New Movie
Trouble brewing for Colorado, Utah? Bold predictions for Week 2 in college football