Approved U of M budget includes tuition freeze

7:53 AM, Jun 15, 2013   |    comments
  • Share
  • Print
  • - A A A +
(File Photo)

MINNEAPOLIS - For the first time in decades, the University of Minnesota will freeze tuition for undergraduates for two years as part of its 2014 operating budget.

"It's a strong statement of our commitment to make this an affordable university," said President Eric Kaler. "I'm pleased that we were able to be so proactive in stopping tuition rise in Minnesota."

The $3.6 billion budget also includes:

• $26.1 million for faculty hires, classroom and lab upgrades, infrastructure maintenance and a compensation pool increase of 2.5 percent to retain and recruit faculty and staff.

• $17.8 million for research to enhance the state's economy and improve the health of Minnesotans. The Minnesota Discovery, Research and InnoVation Economy program will support interdisciplinary research in food safety, neuromodulation, robotics and water quality.

• $19.7 million in reallocations and resource adjustments to support teaching, research and outreach.

• $10 million in administrative cost reductions and the framework for an additional $5 million to meet statutory requirements.

But it's the freeze that has incoming students breathing a sigh of relief.

"I'm glad to know it will be stable," says Cody Baird, a recent high school graduate from Champlin. "The school is taking steps to make it more accessible to students."

(Copyright 2013 by KARE. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Most Watched Videos