Iowa Regents: Universities Will Make Extra $46 Million In Tuition Revenue

Ann McClure's picture

Iowa public universities expect enrollment increases this fall will generate $46 million more in tuition revenue than last year, an Iowa Board of Regents budget report shows.

The board has approved a 3.75 percent tuition increase this fall for most undergraduates from Iowa. Out-of-state and graduate students, as well as those enrolled in some business, nursing and architecture programs, will pay more.

Enrollment projections in December estimated the tuition increases to produce nearly $30 million in extra revenue.

For the first time in years, the universities also will take in more public money. The Legislature last month awarded the universities $545 million for the fiscal year that starts July 1, a $23 million increase from this year. Lawmakers had slashed funding by 25 percent over the three previous years.

Read more