WAUSAU (WAOW)--The University of Wisconsin Board of Regents approved a plan to increase tuition by 5.5 percent this year. The move comes as the board faces hundreds of millions of dollars worth of cuts over the next two years.
The increase will cover less than a third of the $125 million dollars in budget cuts system will lose in taxpayer funding. Students at four year UW schools will pay around $6,00 dollars for annual tuition. At two-years schools like UWMC, the cost will be just over $4,500 dollars.
These increases apply to undergraduate Wisconsin residents. Tuition rates for out-of-state students will also increase, but by a smaller percentage because their base tuition is much higher.
UWMC Assistant Dean for Student Services Franklyn Taylor said although the increases are unfortunate, he believes the two-year school is still an affordable option. "We will do everything in our power to help students contain costs," said Taylor.
This is the fifth straight year that base tuition has increased at four-year UW schools. Taylor said tuition at UWMC hadn't increased in that time.