Current:Home > FinanceUniversity of Wisconsin president wants $855 million in new funding to stave off higher tuition -Wealth Pursuit Network
University of Wisconsin president wants $855 million in new funding to stave off higher tuition
View
Date:2025-04-12 08:00:56
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! (9)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Today Reveals Hoda Kotb's Replacement
- King Charles III celebrates 76th birthday amid cancer battle, opens food hubs
- NFL Week 11 picks straight up and against spread: Will Bills hand Chiefs first loss of season?
- What to watch: O Jolie night
- Halle Berry Rocks Sheer Dress She Wore to 2002 Oscars 22 Years Later
- Mike Tyson concedes the role of villain to young foe in 58-year-old’s fight with Jake Paul
- NBA today: Injuries pile up, Mavericks are on a skid, Nuggets return to form
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Suicides in the US military increased in 2023, continuing a long-term trend
Ranking
- The Best Stocking Stuffers Under $25
- Mike Tyson employs two trainers who 'work like a dream team' as Jake Paul fight nears
- Will Aaron Rodgers retire? Jets QB tells reporters he plans to play in 2025
- Seattle man faces 5 assault charges in random sidewalk stabbings
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- How Kim Kardashian Navigates “Uncomfortable” Situations With Her 4 Kids
- The Best Gifts for Men – That He Won’t Want to Return
- Lost luggage? This new Apple feature will let you tell the airline exactly where it is.
Recommendation
Most popular books of the week: See what topped USA TODAY's bestselling books list
Padma Lakshmi, John Boyega, Hunter Schafer star in Pirelli's 2025 calendar: See the photos
Black, red or dead: How Omaha became a hub for black squirrel scholarship
Ford agrees to pay up to $165 million penalty to US government for moving too slowly on recalls
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Could trad wives, influencers have sparked the red wave among female voters?
Jason Kelce Offers Up NSFW Explanation for Why Men Have Beards
What is ‘Doge’? Explaining the meme and cryptocurrency after Elon Musk's appointment to D.O.G.E.