University of Minnesota students can expect to see a tuition increase of up to 7 percent, University of Minnesota President Eric Kaler announced Friday.
Under Kaler’s budget proposal, Minnesota resident undergraduate tuition would increase by 1.5 percent — or around $180 annually — next fall. Nonresident undergraduates would see an increase of 7 percent on the Twin Cities campus, while resident graduate and professional students would see an average increase of 2.5 percent.
Currently, nonresident undergraduates pay $19,310 a year for tuition, which is the lowest rate in the Big Ten, according to a statement from the University.
All five campuses in the University system are expected to also see increases in student fees and room and board rates, according to Kaler’s announcement.
The proposed tuition increase comes after the state Legislature funded $22 million of the $65 million the University requested to freeze tuition for two more years.
But Kaler said tuition increases for low- and middle-income students will mostly be offset by a boost in available financial aid.
The University’s Board of Regents will review Kaler’ fiscal year 2016 budget next week, which includes the proposed tuition increases. Public comments about the budget will be heard by the board next Friday.