University of Minnesota approves the largest tuition hike in a decade

University of Minnesota students will pay more in tuition next school year after regents in a divided vote Thursday approved the largest increase in more than a decade.

Minnesota residents taking undergraduate classes on the Twin Cities campus will pay $15,148 in tuition next school year, a 4.5% increase. Increases on other campuses range from 1.5% to 4.5%.

The increases were included in a $5 billion budget package that also calls for spending cuts and pay raises for some faculty who presented regents with data showing their wages are no longer competitive with other universities. Some areas of the university will eliminate positions when employees leave or hire new employees at lower cost. Others intend to reduce budgets for supplies, food or travel, or host fewer events.

Read more from the Star Tribune.

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