As the University of Minnesota’s Board of Regents wrapped up their two-day-long meeting sessions Thursday and Friday, a plethora of discussions circulated regarding the Board’s proposed budget for the next fiscal year, including the potential for a sixth straight year of tuition hikes for University students.
The proposed budget includes a 3.8% tuition increase for resident undergraduate students across all campuses – with non-resident undergraduate students on the Twin Cities campus facing up to 4.5%, according to a Finance & Operations docket.
If passed, this will be the sixth consecutive year that students will face tuition increases at the University, according to the University’s Institutional Data and Research. The increase is projected to create a revenue stream of $34.4 million across the University system…