MINNEAPOLIS (KMSP) -
The University of Minnesota's Board of Regents is considering a budget that would raise undergraduate tuition by 3.5 percent, but increase financial aid and give professors and staff a raise.
The proposal from U of M president Eric Kaler reflects priorities he outlined earlier this year -- rebuild faculty, invest in scholarships and limit tuition increases.
The proposed tuition increase equals about $700 in total costs per student. The average student would pay $21,300 a year with room and board.
After three years of furloughs and wages freezes, U of M staff would get a 2.5 percent raise.
The Board of Regents will review the budget and hear public comment Friday afternoon.
