Current:Home > StocksUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -Wealth Empowerment Zone
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-14 05:10:34
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! (43922)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Student fatally shot, suspect detained at Georgia’s Kennesaw State University
- Powerball winning numbers for May 18 drawing: Jackpot rises to $88 million
- Simone Biles wins gymnastics US Classic by a lot. Shilese Jones takes 2nd. How it happened
- Charges: D'Vontaye Mitchell died after being held down for about 9 minutes
- Caitlin Clark back in action: How to watch Indiana Fever vs. Connecticut Sun on Monday
- Man charged with punching actor Steve Buscemi is held on $50,000 bond
- The true story behind 'Back to Black': How accurate is the new Amy Winehouse movie?
- The Best Stocking Stuffers Under $25
- 3 killed, 3 wounded in early-morning shooting in Columbus, Ohio
Ranking
- RFK Jr. closer to getting on New Jersey ballot after judge rules he didn’t violate ‘sore loser’ law
- Taylor Swift pauses acoustic set of Stockholm Eras Tour show to check on fans
- U.S. and Saudi Arabia near potentially historic security deal
- Horoscopes Today, May 19, 2024
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- How compassion, not just free tuition, helped one Ohio student achieve his college dreams
- Child is among 3 dead after Amtrak train hits a pickup truck in upstate New York
- Plan to boost Uber and Lyft driver pay in Minnesota advances in state Legislature
Recommendation
Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
Man charged with punching actor Steve Buscemi is held on $50,000 bond
Pro-Palestinian protesters set up a new encampment at Drexel University
Climate activists glue themselves at Germany airport to protest pollution caused by flying
Connie Chiume, Black Panther Actress, Dead at 72: Lupita Nyong'o and More Pay Tribute
Child is among 3 dead after Amtrak train hits a pickup truck in upstate New York
Murders of 2 girls and 2 young women in Canada in the 1970s linked to American serial rapist
Ship that caused deadly Baltimore bridge collapse to be refloated and moved