Current:Home > FinanceUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -Aspire Money Growth
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
Indexbit View
Date:2025-04-08 12:36:26
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! (82174)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- A portrait of America's young adults: More debt burdened and financially dependent on their parents
- Tom Hollander says he was once sent a seven-figure box office bonus – that belonged to Tom Holland for the Avengers
- Untangling the Controversy Surrounding Kyte Baby
- All That You Wanted to Know About She’s All That
- Pawn Stars Host Rick Harrison’s Son Adam’s Cause of Death Revealed
- Who is Jelly Roll? A look at his journey from prison to best new artist Grammy nominee
- Putin opponent offers hope to thousands, although few expect him to win Russian election
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- New home sales jumped in 2023. Why that's a good sign for buyers (and sellers) in 2024.
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- SAG-AFTRA defends Alec Baldwin as he faces a new charge in the 'Rust' fatal shooting
- GM’s Cruise robotaxi service targeted in Justice Department inquiry into San Francisco collision
- A California man is found guilty of murder for killing a 6-year-old boy in a freeway shooting
- What do we know about the mysterious drones reported flying over New Jersey?
- Why Bachelor Nation's Susie Evans and Justin Glaze Decided to Finally Move Out of the Friend Zone
- Crystal Hefner Details Traumatic and Emotionally Abusive Marriage to Hugh Hefner
- Crystal Hefner Admits She Never Was in Love With Hugh Hefner
Recommendation
Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
Ring will no longer allow police to request users' doorbell camera footage
The economy grew a faster than expected 3.3% late last year
New Jersey's plastic consumption triples after plastic bag ban enacted, study shows
In ‘Nickel Boys,’ striving for a new way to see
Levi’s to slash its global workforce by up to 15% as part of a 2-year restructuring plan
Vermont State Police investigate the shooting of a woman found dead in a vehicle in St. Johnsbury
US women’s professional volleyball void is filled, and possibly overflowing, with 3 upstart leagues