Current:Home > MyUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -SecurePath Capital
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-19 21:24:03
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! (379)
Related
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Why Suits' Gabriel Macht Needed Time Away From Harvey Specter After Finale
- Disruptions to Amtrak service continue after fire near tracks in New York City
- American Idol’s Triston Harper, 16, Expecting a Baby With Wife Paris Reed
- The White House is cracking down on overdraft fees
- Police identify 7-year-old child killed in North Carolina weekend shooting
- Louisiana House greenlights Gov. Jeff Landry’s tax cuts
- Angels sign Travis d'Arnaud: Former All-Star catcher gets multiyear contract in LA
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade
Ranking
- The Super Bowl could end in a 'three
- The Best Gifts for People Who Don’t Want Anything
- Jana Duggar Reveals She's Adjusting to City Life Amid Move Away From Farm
- November 2024 full moon this week is a super moon and the beaver moon
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- New Jersey will issue a drought warning after driest October ever and as wildfires rage
- Why Game of Thrones' Maisie Williams May Be Rejoining the George R.R. Martin Universe
- Diamond Sports Group will offer single-game pricing to stream NBA and NHL games starting next month
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
'Bizarre:' Naked man arrested after found in crawl space of California woman's home
Mike Tyson-Jake Paul: How to watch the fight, time, odds
Monument erected in Tulsa for victims of 1921 Race Massacre
North Carolina justices rule for restaurants in COVID
Ben Foster files to divorce Laura Prepon after 6 years, according to reports
Residents urged to shelter in place after apparent explosion at Louisville business
Judge moves to slash $38 million verdict in New Hampshire youth center abuse case