Current:Home > ScamsUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -VitalEdge Finance Pro
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-15 12:07:00
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! (52)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Erica Lee Carter, daughter of the late US Rep. Sheila Jackson Lee, will seek to finish her term
- Beware, NFL rookie QBs: Massive reality check is coming
- Delaware election officials communicated with lieutenant governor’s office amid finance scandal
- RFK Jr. grilled again about moving to California while listing New York address on ballot petition
- Rate cuts on horizon: Jerome Powell says 'time has come' to lower interest rates
- Let’s remember these are kids: How to make the Little League World Series more fun
- Rumer Willis Reveals She and Derek Richard Thomas Broke Up One Year After Welcoming Baby Louetta
- Family of explorer who died in the Titan sub implosion seeks $50M-plus in wrongful death lawsuit
- Beware, NFL rookie QBs: Massive reality check is coming
Ranking
- FBI: California woman brought sword, whip and other weapons into Capitol during Jan. 6 riot
- Search persists for woman swept away by flash flooding in the Grand Canyon
- Conflicting federal policies may cost residents more on flood insurance, and leave them at risk
- NASA decision against using a Boeing capsule to bring astronauts back adds to company’s problems
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Chargers players rescued from 'inoperable elevator' by Dallas Fire-Rescue
- Suspect charged with murder and animal cruelty in fatal carjacking of 80-year-old dog walker
- Fire hits historic Southern California baseball field seen in Hollywood movies
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Kylie Jenner, Chris Pratt and More Stars Celebrate Birth of Hailey and Justin Bieber's Baby Jack
Delaware election officials communicated with lieutenant governor’s office amid finance scandal
Jannik Sinner parts way with team members ahead of US Open after positive doping tests
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
Rumer Willis Shares Update on Dad Bruce Willis Amid Health Battle
NASA Reveals Plan to Return Stranded Astronauts Butch Wilmore and Suni Williams to Earth
Takeaways from Fed Chair Powell’s speech at Jackson Hole