University of Minnesota President Eric Kaler is going big in his 2014-2015 biennial budget request for the Board of Regents to be presented Friday, the Pioneer Press reports. He plans to ask for $1.1 billion for the two years, an 8.4 percent increase over the current biennium. (The board would vote on it in October, and send it on to state legislators.)
He’s got grand plans for that extra $91 million, including a two-year tuition freeze for undergrads and research in areas that include robotics and brain condition treatments. He’s also asking for money the university would get if it meets three of five accountability goals, which include increasing financial aid and raising graduation rates.
It’s the first time the U’s capital budget request promises to freeze tuition for resident undergrads, the Star Tribune reports. In-state tuition and fees are $13,524, the newspaper says.
The Board of Regents this summer approved a 3.5 percent tuition hike for the coming school year.
News of the budget request comes one day after private Concordia University in St. Paul made a startling announcement that it was slashing its tuition by $10,000 a year for undergraduates.