logo
University of Minnesota regents approve budget featuring tuition hikes, program cuts

University of Minnesota regents approve budget featuring tuition hikes, program cuts

CBS News2 days ago

The University of Minnesota's Board of Regents on Wednesday approved next year's operating budget, which features tuition hikes of up to 7.5% and a 7% cut to academic programs.
The cuts, first proposed earlier this month, were in response to "unprecedented challenges facing higher education," the university said, including federal funding cuts.
"We are making tough, strategic decisions to protect our mission and secure our future," President Rebecca Cunningham said when announcing the budget proposal.
The budget increases undergraduate tuition rates at all of the school's campuses, with a 4% hike at the Crookston and Duluth campuses and a 5% hike at Morris. The in-state tuition rate would go up 6.5% for students at the Rochester and Twin Cities campuses, while out-of-state tuition would rise by 7.5% in the Twin Cities.
Some university employees will see a 3% increase based on merit, the university said in a release.
In addition to federal funding cuts, the university anticipates a 3.5% decrease to state funding when adjusted for inflation.
The U is currently facing two federal lawsuits: one alleging discrimination against White students and another for failing to protect Jewish students. The Trump administration is threatening to cut more than $150 million a year from the university's National Institutes of Health medical research funding if the university does not cooperate.
The budget passed with a 9-3 vote.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Former Detroit home of Rosa Parks in line for historic district designation
Former Detroit home of Rosa Parks in line for historic district designation

CBS News

time11 minutes ago

  • CBS News

Former Detroit home of Rosa Parks in line for historic district designation

A proposal is pending for the former Detroit home of Civil Rights Movement activists Rosa and Raymond Parks to be named a local historic district. The Detroit City Council Planning and Economic Development Standing Committee will hold a public hearing to consider the proposal. The designation is intended to honor the flat in the 3200 block of Virginia Park Street where Civil Rights activists Rosa and Raymond Parks lived for 27 years. "Their activism in Detroit helped shape the Civil Rights Movement," the Detroit Historic Designation Advisory Board said on its social media post. A public hearing, which is part of the designation process, will begin at 10:35 a.m. June 26 at the Coleman A. Young Municipal Center on Woodward Avenue. Detroit's local historic districts are meant to be associated with people or events that are a significant part of Detroit's history, or have artistic or historical significance. Once a local historic district is established for a site, any exterior alterations to the building must go through the Historic District Commission. Rosa Parks, who was already active in the Civil Rights Movement, became known for her refusal to follow the Jim Crow-era laws in Montgomery, Alabama. Specifically, she refused to give up her seat on a bus and move to the back of the vehicle on Dec. 1, 1955. Her arrest in that incident helped spark the Montgomery bus boycott. After the boycott, Rosa and Raymond Parks moved to Hampton, Virginia, and then settled in Detroit. He died in 1977. She died in 2005.

Fed's Waller Suggests Central Bank Could Cut Rates in July
Fed's Waller Suggests Central Bank Could Cut Rates in July

Wall Street Journal

time11 minutes ago

  • Wall Street Journal

Fed's Waller Suggests Central Bank Could Cut Rates in July

Federal Reserve governor Christopher Waller said the central bank could be positioned to cut interest rates at its July meeting, notwithstanding potential inflation pressures from tariffs. 'I think we've got room to bring it down, and then we can kind of see what happens with inflation,' Waller told CNBC, saying the Fed should "look through" one-time price rises fueled by levies. 🔎 Read more:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store