University of Minnesota students could save more than $2,000 each during their college careers if the state provides money to freeze tuitions, school officials are telling state legislators.
The freeze on undergraduate tuition, which carries a price tag of $42.6 million over the next two years, is estimated to have the potential to save incoming freshmen $2,500 at the Twin Cities, Morris, Duluth and Rochester campuses and $2,100 in Crookston over four years, university officials say.
A decline in state money in recent years has been a major factor in the increase of students’ tuition, Richard Pfutzenreuter, the university’s chief financial officer, told a Senate higher education committee Thursday. University officials said that needs to change so low- and middle-income students still can attend the school.
“The twin issues of access and affordability is always on our minds,” Provost Karen Hanson said.