June 19, 2019 06:57 PM
The University of Minnesota Board of Regents on Wednesday approved a 2% tuition increase for resident undergraduate students at the school's Twin Cities campus and a 1.5% tuition increase for undergraduate resident students on the university's Crookston, Duluth, Morris and Rochester campuses.
The tuition increases came as part of the $4.2 billion fiscal year 2020 operating budget approved by the board. That represents a 2.8 percent increase from the previous fiscal year.
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A release from the school said the increase should represent an additional $260 per year cost for students on the Twin Cities campus and an extra $156 to $182 per year cost for students on the other campuses.
The board had previously approved outgoing President Eric Kaler's recommendation to increase nonresident/non-reciprocity tuition by 10 percent on the Twin Cities campus. The increase will hold the tuition rate of currently enrolled nonresident/non-reciprocity students to no more than 5.5 percent, the release said.
Also included in the budget is a 2.25% salary pool for merit-based increases for faculty and staff.
Undergraduate tuition at the U of M is higher than many other Big 10 schools.
Penn State ranks highest and Illinois is second. Meanwhile, Wisconsin ranks toward the bottom and Nebraska is the cheapest.
Updated: June 19, 2019 06:57 PM
Created: June 19, 2019 04:14 PM
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