Draft U of M budget has 3 percent tuition hike

10:30 AM, Jun 9, 2009   |    comments
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MINNEAPOLIS -- The University of Minnesota Board of Regents will consider a draft operating budget later this week that includes a 3 percent tuition increase.

University President Robert Bruininks is scheduled to present his 2010 operating budget to the board Friday, but the Regents won't act on it until June 24.

The university says 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.

The 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.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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