Current:Home > ContactUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -TradeStation
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-18 19:59:01
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! (669)
Related
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- What is the birthstone for August? These three gems represent the month of August.
- Why the VA in Atlanta is throwing 'drive-through' baby showers for pregnant veterans
- Fracking Study Finds Low Birth Weights Near Natural Gas Drilling Sites
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Bama Rush Deep-Dives Into Sorority Culture: Here's Everything We Learned
- Situation ‘Grave’ for Global Climate Financing, Report Warns
- We asked, you answered: What's your secret to staying optimistic in gloomy times?
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Fishing crew denied $3.5 million prize after their 619-pound marlin is bitten by a shark
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- The Wood Pellet Business is Booming. Scientists Say That’s Not Good for the Climate.
- Missouri to restrict gender-affirming care for trans adults this week
- Alaska’s Big Whale Mystery: Where Are the Bowheads?
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Coal Boss Takes Climate Change Denial to the Extreme
- Montana House votes to formally punish transgender lawmaker, Rep. Zooey Zephyr
- Idaho Murders Case: Judge Enters Not Guilty Plea for Bryan Kohberger
Recommendation
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Tar Sands Pipeline that Could Rival Keystone XL Quietly Gets Trump Approval
Schools ended universal free lunch. Now meal debt is soaring
Timeline: The Justice Department's prosecution of the Trump documents case
Intel's stock did something it hasn't done since 2022
RHONJ's Teresa Giudice Wants Melissa Gorga Out of Her Life Forever in Explosive Reunion Trailer
'It's not for the faint-hearted' — the story of India's intrepid women seaweed divers
ESPN's Shaka Hislop recovering after collapsing on air before Real Madrid-AC Milan match