Post by Logan on Jun 12, 2016 21:34:15 GMT -6
The University of Minnesota’s Board of Regents passed a budget Friday that seeks to offset tuition hikes with additional scholarship money.
President Eric Kaler said about half of the system’s undergraduates, 20,000 students, will see no tuition increase, including 4,000 who will pay less.
“I do not want to be in the business of increasing tuition,” Kaler said, noting resident tuition has risen less than 1 percent per year since he was hired.
On the Twin Cities campus, nonresident, nonreciprocity students will see the biggest sticker-price increase, 7.5 percent, as regents gradually step away from their sale-price strategy from 2008. Waivers will limit the increase to 5.5 percent for those already on campus.
Read more: www.twincities.com/2016/06/10/umn-regents-approve-tuition-hikes-after-protest/
President Eric Kaler said about half of the system’s undergraduates, 20,000 students, will see no tuition increase, including 4,000 who will pay less.
“I do not want to be in the business of increasing tuition,” Kaler said, noting resident tuition has risen less than 1 percent per year since he was hired.
On the Twin Cities campus, nonresident, nonreciprocity students will see the biggest sticker-price increase, 7.5 percent, as regents gradually step away from their sale-price strategy from 2008. Waivers will limit the increase to 5.5 percent for those already on campus.
Read more: www.twincities.com/2016/06/10/umn-regents-approve-tuition-hikes-after-protest/