The University of Minnesota will not increase tuition for most students for the upcoming school year, officials decided Tuesday, citing the financial impact of the COVID-19 pandemic.
The university’s Board of Regents approved the tuition freeze under the recommendation of President Joan Gabel. The freeze will apply to most undergraduate and graduate students on all five of the university’s campuses, with a few exceptions for certain graduate programs.
The tuition rate on the Twin Cities campus for full-time undergraduate resident students is currently $6,659 per semester. Tuition for full-time undergraduate nonresident students is $15,808 per semester for current freshmen.
On the Twin Cities campus, general full-time graduate tuition is currently $8,790 per semester for resident students and $13,602 per semester for nonresident students.
The tuition freeze will mean a $25 million drop in revenue for the university, said vice president of finance and operations Brian Burnett at the meeting.
In an email to the university community, Gabel said the school would account for the drop in revenue caused by the tuition freeze through hiring and salary freezes. Gabel also said actions in place to reduce the spread of COVID-19, including limited travel, has cut back on costs.
The Board of Regents also reviewed contingency plans for the upcoming fall semester. Officials have not yet determined if fall classes will meet in-person, online or online through the first part of the semester.
According to Provost Rachel Croson, the university is currently using remote measures to provide tours and lead recruitment efforts for prospective students.