U of M Board of Regents approves new operating budget
The University of Minnesota Board of Regents has approved the next budget for the upcoming school year.
The plan includes tuition hikes of 3.5% at the Twin Cities and Rochester campuses, as well as a 1% tuition increase at the Crookston, Duluth and Morris campuses.
University officials say the increase in tuition is needed to keep up with inflation and staff raises.
“This balanced budget reflects the University of Minnesota’s commitment to our role as the state’s premier research university while prioritizing the education of students and positioning them for successful careers in Minnesota’s workforce, as well as engaging with Minnesota communities to make our state stronger,” Janie Mayeron, the board’s chairperson, said. “I’m looking forward to seeing this budget in action in the coming year, as well as continued discussions with my Board colleagues about how we can strategically invest in supporting our students, faculty and staff as they achieve at the highest levels into the future.”
As previously reported last month by 5 EYEWITNESS NEWS, the board has already discussed tuition changes such as different pricing for both in-state and out-of-state students, honoring tuition reciprocity agreements and only charging for up to 13 credits per semester.
Joan Gabel’s last day as president of the Board of Regents was June 9. Jeff Ettinger is now serving as interim president.