The University of Minnesota Board of Regents approved a plan Wednesday that will raise tuition for Minnesota residents by 1.5 percent, while out-of-state students will see a 7 percent jump.
Under the new plan, in-state students will pay $180 more for a total of $12,240 a year for undergraduates. Tuition is also going up for out-of-state students, who will pay $1,350 more next year, bringing tuition to $20,660 a year for undergrads, the Star Tribune says.
The board OK'd the tuition hikes after rejecting proposals that would have raised out-of-state even higher, while cutting tuition for Minnesota residents.
Under this plan, Minnesota residents will now pay the fourth highest in-state tuition in the Big Ten, the Star Tribune notes. School leaders say financial aid will help offset the increase in tuition, KSTP reports.
The out-of-state tuition hike comes seven years after the board slashed tuition to a Big Ten low for nonresidents in an effort to increase diversity and the number of out-of-state students at the university, the Pioneer Press said.
The U of M had been under pressure from state legislators to raise tuition for out-of-state students by up to $8,000, but President Eric Kaler recommended a 7 percent increase for nonresidents, noting anything more would be a financial burden for students, reports note.