MINNEAPOLIS - University of Minnesota regents unanimously passed President Eric Kaler's $1 billion budget proposal Friday that includes a tuition freeze for undergraduate students.
President Kaler wants $91 million more during the biennium, which is an increase of about eight percent. Part of that, $14 million for each of the two years would be linked to a tuition freeze for in-state undergrads.
The funding request also includes $11.5 million dollars in the second year of the biennium for an "accountability fund." That money would be released if the university awards more degrees, boosts financial aid and maintains research and development spending.
The tuition freeze is contingent on how much funding the Legislature approves for the University of Minnesota. The request will go before the state lawmakers during the next session, which begins in January 2013.
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