m8226 BC-MN-UMinn-OperatingBu 2ndLd-Writethru 06-09 0315
Draft U of M budget has 3 percent tuition hike
Eds: UPDATES with MnSCU statement on its proposed budget.
MINNEAPOLIS (AP) — The University of Minnesota Board of Regents will consider a draft operating budget later this week that includes a tuition increase of 3 percent, and the Minnesota State Colleges and Universities system is considering a similar increase.
University President Robert Bruininks was scheduled to present his 2010 operating budget to the board Friday, but the Regents won’t act on it until June 24.
The university said the operating budget takes into account the 7.4 percent biennial reduction in state funding plus the potential for the loss of more state funds when Gov. Tim Pawlenty reduces state spending through unallotment.
The university budget uses federal stimulus money to cap the in-state undergraduate tuition increase at $300, or just over 3 percent.
The university claims that with federal stimulus money and a new middle-income scholarship, 60 percent of Minnesota students could see their tuition fall with the draft budget.
A statement from the MnSCU system said Chancellor James McCormick is recommending a budget with tuition increases to $114 at the state’s two-year colleges, and $169 at the state’s four-year universities.
If that budget is approved, students at the 25 state colleges would see a 2.8 percent tuition increase, while students at the system’s seven state universities would see their tuition go up 3 percent.
The MnSCU board will act on the proposed budget in July.