University of Minnesota students will see up to a 5.5% tuition increase next year following the approved annual budget at the Board of Regents meeting on June 13.
Twin Cities campus tuition will increase by 4.5% for in-state students and 5.5% for out-of-state students. However, all five campuses’ student bodies will experience tuition increases of at least 1.5%.
This tuition change will leave Twin Cities campus in-state students with a yearly cost of approximately $18,000 in the upcoming school year, according to calculations by the Minnesota Daily. The increase is part of the $81.3 million budget initially presented at the meeting on May 9 and 10.
The budget passed with a 9-3 approval; Regents Robin Gulley, James Farnsworth and Bo Thao-Urabe did not vote to approve the budget due to tuition concerns.
“I’m really struggling with what feels to me like a significant increase for students,” Thao-Urabe said.
Regents who approved the budget said they felt this was the best solution in a tough financial year due to the lack of state support.
“We would have had a whole different conversation if they would have come through,” Regent Mary Turner said. “But they didn’t, and that’s the reality.”
Correction: A previous version of this article misstated the percentage increase in the lede. Students will only see an increase of up to 5.5%. Quotes from Alice Roberts-Davis were removed for accuracy.
Barbara K. Harmon Larson
Jun 13, 2024 at 9:48 pm
I graduated from the U.of M. in the fall of 1964 and each of the three quarters of the year were 93.50 so that the whole school year was less than $300. I would never been able to attend if I had to pay that outrageous tuition today. Since then I have been wealthy enough because of that education to go on to school and get an MA in Psychology and an MA in Theology that has benefited society as a whole since then. I am 82 yrs old and I must say that I an ashamed of the U.of M. and it’s pricing of tuition. I would not advise any student to attend the U.of M. You need to re-evaluate your values and moral principles.
racket
Jun 13, 2024 at 9:21 pm
Thank you to the Regents who voted no. Thank you, Regent Turner, for your honesty and for calling out the legislature, who, once again, have failed their constituents.
Lucas
Jun 13, 2024 at 8:50 pm
where does the money go? don’t understand why the rate at which tuition rises is not in line with other metrics such as wages, etc