The University of Minnesota is now the cheapest school in the Big Ten for nonresident students, but some school leaders aren't sure if that's fair to Minnesota residents. President Eric Kaler told the Star Tribune, "It's probably -- certainly -- time to look carefully at where we are in that out-of-state price point and whether we should grow that."
The university currently charges out-of-state and international undergraduates $18,774 for tuition and fees, and $13,524 for in-state.
The university dropped its nonresident tuition four years ago to attract more students from other countries and states without tuition reciprocity agreements. The newspaper notes the number of nonresident students has surged to more than 17 percent from nearly 8 percent in 2007. However, the percentage of in-state students has dipped slightly.
Kaler says the university needs to review how sensitive out-of-state students are to price before making any changes.
"You don't want to make it so expensive that no out-of-state student chooses to come," Kaler told the Star Tribune, "nor do you want to make it so remarkably inexpensive that Minnesota students feel like they're subsidizing out-of-state students."
The Pioneer Press reports recent rankings published by Kiplinger's Personal Finance magazine indicates the University of Minnesota is a better value for undergraduates paying out-of-state tuition than in-state students.