Proposed UMinn Budget Raised Tuition 3.5 Percent

Tuesday, May 15, 2012

A budget proposal before University of Minnesota regents Friday raises undergraduate tuition by 3.5 percent, boosts financial aid and gives professors and staff a raise.

The proposal from university President Eric Kaler reflects priorities he outlined earlier this year — rebuild faculty, invest in scholarships and hold down tuition increases. The proposed tuition hike is slightly above last year's annual rate of inflation. The average student would pay $21,300 a year with room and board, an increase of $700.

After three years of furloughs, stagnant wages and higher health-care costs, staff would get a 2.5 percent raise.

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