NU Regents to consider 5% tuition increase, next UNK chancellor June 19
Advocates for the University of Nebraska system join at the Nebraska State Capitol for the annual "I Love NU Day." In the front row, from left, is NU President Jeffrey Gold, State Sen. Jason Prokop of Lincoln and Student Regent Ishani Adidam (University of Nebraska at Omaha), Student Regent Pranita Devaraju (University of Nebraska Medical Center), Student Regent Elizabeth Herbin (University of Nebraska-Lincoln), Student Regent Sam Schroeder (University of Nebraska at Kearney), State Sen. Teresa Ibach, Chancellor Joanne Li (UNO), interim Chancellor H. Dele Davies (UNMC) and interim Chancellor Charlie Bicak (UNK). April 2, 2025. (Zach Wendling/Nebraska Examiner)
LINCOLN — The University of Nebraska Board of Regents will consider a roughly 5% tuition increase at its meeting next week after state appropriations fell well short of NU's request.
Nebraska lawmakers in May approved a 0.625% increase in state dollars for the next fiscal year ($4.35 million) at NU. But regents last August asked for a 3.5% increase, mostly to cover inflationary costs. NU President Jeffrey Gold said that while the Legislature must balance its budget, 'the other side of the coin' is that NU faces similar inflationary pressures to the rest of state government.
Gov. Jim Pillen, a former regent for 10 years, initially suggested a 2% cut of state funding to NU, but federal funding cuts and freezes helped ignite new negotiations.
'While we're not a supermarket or a car dealership, we still have to buy the same dozen eggs, the same tomatoes to feed our students,' Gold told the Nebraska Examiner this week.
Lawmakers, Gold and Pillen landed at a new 'compromise' to increase state funding by 0.625% next year and 0.625% over that new baseline in the following fiscal year, both short of the annual 3.5% increase regents asked for. The state runs on a two-year budget cycle, but NU passes an annual budget.
Gold said NU leaders studied tuition at peer institutions, as well as within specific colleges and programs so NU maintained competitive tuition rates. Most are within the lowest quartile or decile, he said, or the lowest compared to other universities and colleges.
As a first-generation college student, Gold said he always has concerns that tuition increases could hurt enrollment, and he's focused on trying to keep college as affordable as possible.
'Not to say that it's not a significant change in tuition and that it is essentially asking families and students to pay more for their education out of pocket,' Gold said. 'It is still a very conservative approach, with our focus on remaining affordable long term into the future.'
Under the proposal, NU's $1.1 billion 'state-aided budget' would increase by $19.07 million, the result of new state dollars and increased tuition, minus $2.5 million in declining investments.
It's an overall spending increase of about 1.8%.
Operational expenses would increase by $37.44 million, but Gold is seeking $18.37 million in cuts to balance new expenses and revenues. The increased costs are:
$22.31 million for general operations.
$12.73 million for faculty salaries (faculty at the University of Nebraska at Omaha and the University of Nebraska at Kearney are unionized.)
$7.78 million for health insurance (assuming a 7.25% increase in premiums).
$1.64 million for utilities.
$793,507 for employee benefits.
The budget also seeks to expand the 'Nebraska Promise' — free tuition for any Nebraska student whose family makes $65,000 or less — by about $1 million and invest $2 million in deferred maintenance.
Another $1.5 million will go to maintain the 'Presidential Scholars Program' to waive tuition and pay students with top scores on the ACT to attend NU, for a 50-student annual cohort. Regents had asked for matching state fund, which did not come.
Gold said campuses are proposing planned reductions that will be ready by the end of the month. He said administrators are committed to closing any budget gap while also turning attention to a growing set of legislatively mandated tuition remissions, waiving tuition for law enforcement, public safety workers, firefighters, first responders, veterans and more.
While Gold said it's good to offer higher education to those individuals and often their families, the roughly $10 million cost next year means sustaining those programs get more difficult. NU continues working with Pillen and lawmakers to find a solution.
While there is a net increase in faculty expenses, the NU budget shows a $12.34 million decrease in nonfaculty expenses, meaning the status quo for staff also won't be maintained.
Jordan Gonzales, president of the University of Nebraska-Lincoln Staff Senate, said in May he was 'deeply disappointed' after Gold announced the budget would include no allocation for general salary increases or across-the-board raises.
Gonzales told UNL staff that investing in them 'is not just a matter of fairness, but a strategic imperative for the long-term health and success of the University of Nebraska.' He predicted 'significant, negative consequences,' including diminished morale and productivity, declines in recruitment, increased staff turnover and higher workloads passed on to remaining staff.
'Investing in our people is also critical if we truly aspire an odyssey to the extraordinary, especially if we want to create and maintain an extraordinary culture and environment,' Gonzales wrote, citing Gold's long-term strategic plan.
Gold had said campuses can pay for promotions, often needed for recruitment and retention, but that those costs would need to be made up on individual campuses.
Outside of the general state-aided budget, the total $3.57 billion NU budget (including cash funds, auxiliary funds, federal funds and trust funds) estimates that NU will receive about $11.85 million less in federal funds. NU is estimated to receive about $740.7 million in restricted federal funds.
Gold said federal cuts would predominantly be dealt with on a campus-by-campus and college-by-college level, such as if a research grant is canceled or indirect cost recovery rates are dropped. He noted that the current congressional tax-focused bill — dubbed the 'One Big Beautiful Bill' — calls to significantly reduce federal research funding.
It could be harder to compete for federal research grants, Gold said, and if a research program is terminated, NU would try to repurpose those researchers. If not, they could lose their jobs.
'These are very, very significant changes, and there's no easy solution to this across the country,' Gold said. 'But we're going to do everything we can to protect our faculty and our staff who are involved in these research-intensive programs.'
Regents are also set to officially confirm Neal Schnoor as the next UNK chancellor.
Gold said he is excited for the 'right person at the right time,' someone who knows Nebraska, Kearney and UNK 'extremely well' as a former faculty member and administrator. Gold said the public vetting process has been 'astoundingly positive' and that Schnoor understands how to focus on enrollment, leadership development and make hard decisions.
Schnoor is currently the president of Northern State University in South Dakota.
'It will be with a great sense of pride that I will recommend Neal Schnoor to be the next chancellor of UNK,' Gold said.
If confirmed, Schnoor would start July 1 with a $355,000 salary. He would succeed former UNK Chancellor Doug Kristensen, who retired May 2024 after 22 years.
The regents will meet at 9 a.m. June 19 in NU's Varner Hall in Lincoln.
SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 hours ago
- Yahoo
Gold prices should hit $4,000 as U.S. deficits may overshadow the Israel-Iran conflict, BofA says
Wars and geopolitical conflicts typically aren't long-term growth drivers for gold prices, according to analysts at Bank of America, which sees the precious metal reaching $4,000 an ounce over the next year. Despite the Israel-Iran conflict heating up, the outlook for gold is likely to be swayed more by the U.S. budget deficit. Gold is often seen as a safe-haven asset during times of global turmoil, but wars and geopolitical conflicts typically aren't long-term growth drivers for gold prices, according to analysts at Bank of America. In fact, gold has actually dipped 2% in the week since Israel began its airstrikes on Iran. Meanwhile, tensions are ramping as reports Saturday said B-2 stealth bombers are headed over the Pacific. That's as President Donald Trump weighs involvement in the conflict, potentially with bombers dropping massive 'bunker busters' on heavily fortified Iranian nuclear sites. In a note on Friday, BofA analysts said they expect gold prices to reach $4,000 per ounce in the next year, representing an 18% jump from current levels. 'While the war between Israel and Iran can always escalate, conflicts are not usually a sustained bullish price driver,' they wrote. 'As such, the trajectory of the US budget negotiations will be critical, and if fiscal shortfalls don't decline, the fallout from that plus market volatility may end up attracting more buyers.' The Israel-Iran conflict has drawn attention away from Trump's tax-and-spending bill making its way through Congress. While the House and Senate versions have key differences that need to be reconciled before it can become law, the bill's fiscal impact is still expected to add trillions of dollars to U.S. deficits in the coming years. That's raised fears about the sustainability of U.S. debt and global demand for the flood of Treasury bonds that will be issued to finance all the red ink. And amid Trump's trade war, the U.S. dollar—traditionally viewed as a haven asset—has suffered as well, slumping against other top currencies and providing more upside to gold. Central banks around the world have dumped $48 billion in Treasuries since late March alone. At the same time, central banks keep buying gold, continuing a trend that began years earlier. A recent survey from the World Gold Council found that geopolitical instability and potential trade conflicts are chief reasons why central banks in emerging economies are shifting toward gold at a much faster rate than those in advanced economies. BofA estimated the central banks' gold holdings are now equivalent to just under 18% of outstanding U.S. public debt, up from 13% a decade ago. 'That tally should be a warning for US policymakers. Ongoing apprehension over trade and US fiscal deficits may well divert more central bank purchases away from US Treasuries to gold,' analysts warned. Meanwhile, the market still doesn't appear to be overexposed to gold. BofA estimated that investors have allocated just 3.5% of their portfolios to gold. And regardless of how Congress ends up rewriting the budget bill, analysts said deficits will remain elevated. 'Therefore, market concerns over fiscal sustainability are unlikely to fade no matter the result of Senate negotiations,' BofA predicted. 'Rates volatility and a weaker USD should then keep gold supported, especially if the US Treasury or the Fed are ultimately forced to step in and support markets.' This story was originally featured on
Yahoo
12 hours ago
- Yahoo
Dollar and Gold Retreat on Reduced Middle East Tensions
The dollar index (DXY00) Friday fell by -0.21%. The dollar came under pressure Friday on an easing of safe-haven demand after Reuters reported that the Iranian government said it is ready to discuss limitations on its uranium enrichment levels. Also, President Trump said he is willing to give diplomacy more time and won't decide to strike Iran for another two weeks. In addition, dovish comments Friday from Fed Governor Waller weighed on the dollar when he said, "I think we have room to bring interest rates down as early as July, and then we can see kind of see what happens with inflation." The dollar remained lower on the weaker-than-expected Philadelphia Fed business outlook report. Dollar and Gold Slide on Hopes of De-Escalation in Israel-Iran Conflict Dollar and Gold Retreat on Reduced Middle East Tensions Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! The US June Philadelphia Fed business outlook survey was unchanged at -4.0, weaker than expectations of an increase to -1.5. US May leading economic indicators index fell -0.1% m/m, right on expectations, and the sixth consecutive month that the LEI has declined. The markets are discounting the chances at 15% for a -25 bp rate cut after the July 29-30 FOMC meeting. EUR/USD (^EURUSD) Friday rose by +0.30%. The euro moved higher on Friday due to weakness in the dollar. However, gains in the euro were limited after the Eurozone's June consumer confidence index unexpectedly fell and after German May producer prices posted their biggest decline in eight months, which were dovish factors for ECB policy. The Eurozone June consumer confidence index unexpectedly fell -0.1 to -15.3, weaker than expectations of an increase to -14.9. German May PPI fell -1.2% y/y, right on expectations and the biggest decline in 8 months. Swaps are discounting the chances at 7% for a -25 bp rate cut by the ECB at the July 24 policy meeting. USD/JPY (^USDJPY) Friday rose by +0.38%. The yen gave up overnight gains and fell to a 3-week low against the dollar Friday as an easing of Middle East tensions curbed safe-haven demand for the yen. Reuters reported that the Iranian government said it is ready to discuss limitations on its uranium enrichment levels, and President Trump said he's willing to wait two weeks to see if diplomacy will work before attacking Iran. The yen initially moved higher Friday after Japan's May national CPI excluding fresh food and energy rose more than expected by the most in 16 months, a hawkish factor for BOJ policy. Also, comments from BOJ Governor Ueda were positive for the yen when he said the BOJ will raise the benchmark interest rate if its economic outlook is realized. Japan's May national CPI rose +3.5% y/y, right on expectations. May national CPI ex-fresh food and energy rose +3.3% y/y, stronger than expectations of +3.2% y/y and the largest increase in 16 months. BOJ Governor Ueda said Japan's real interest rate is significantly low, and the BOJ will raise the benchmark interest rate if its economic outlook is realized. August gold (GCQ25) Friday closed down -22.40 (-0.66%), and July silver (SIN25) closed down -0.896 (-2.43%). Precious metals retreated on Friday, with gold sliding to a one-week low and silver falling sharply to a two-week low. An easing of Middle East tensions sparked long liquidation in precious metals after President Trump signaled he wants to give diplomacy a chance and will wait two weeks before deciding if the US would strike Iran. Precious metals also fell on Friday's report from Reuters that said the Iranian government is ready to discuss limitations on its uranium enrichment levels, a sign that Iran may want to negotiate its way out of war with the US. In addition, hawkish comments from BOJ Governor Ueda undercut precious metals when he said the BOJ will raise the benchmark interest rate if its economic outlook is realized. Friday's dollar weakness was supportive of metals prices. Also, dovish comments Friday from Fed Governor Waller boosted demand for gold as a store of value when he said, "I think we have room to bring interest rates down as early as July." In addition, Thursday's report from Bloomberg that said senior US officials are preparing for a possible strike on Iran boosted safe-haven demand for precious metals. Industrial metals demand concerns weighed on silver prices on Friday due to the weaker-than-expected US Jun Philadelphia Fed business outlook survey and the weaker-than-expected UK May retail sales report. However, fund buying of silver continues to support prices as silver holdings in ETFs rose to a 2-1/4 year high Thursday. UK May retail sales ex-auto fuel fell -2.8% m/m, weaker than expectations of -0.7% m/m and the biggest decline in nearly 1-1/2 years. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
19 hours ago
- Yahoo
Could Central Banks Embrace Bitcoin as a Reserve Asset?
Central banks prefer to hold stable assets on their balance sheets. Bitcoin has some of the features they like. It isn't a preferred holding just yet, but it might become one, and perhaps soon. 10 stocks we like better than Bitcoin › Central bankers spend their careers worrying about risks that most investors ignore. In 2024, they bought a record 1,045 tons of gold as insurance against globally swelling sovereign debt loads and growing geopolitical fractures. Those same issues might even be leading a few outliers to consider another hedge asset: Bitcoin (CRYPTO: BTC). What sounded foolish a decade ago now ticks three boxes every reserve manager studies -- specifically, the asset's limited supply, its round-the-clock liquidity, and its (partial) insulation from certain geopolitical risks. If gold hoards are a vote of no-confidence in fiat currencies, central banks holding a sliver of Bitcoin would be a vote of no-confidence in the entire monetary status quo. Let's see why they're more likely to be casting that vote right now than ever before. Let's start with Bitcoin's scarcity. There can only ever be 21 million Bitcoin, per its protocol (about 19.9 million now are in circulation). It gets harder to mine Bitcoin on a regular basis thanks to its halving mechanics. So there will probably not ever be a large influx of freshly mined coin dumped on the market, indicating that it will likely retain a semblance of price stability in the long term. Other reserve assets, like gold or silver, are not necessarily constrained as precisely. It's true that precious metals can't be printed like fiat currencies can be, but new deposits can be discovered if there's an incentive to look for them, refining methods can be improved, substitutes can be used, or recycling efforts can be undertaken. All those possibilities make it harder to know with confidence that the supply of and demand for those metals will remain relatively constrained in the long run, even if there will probably not be any big surprises in the short term. Another factor is that the coins do not carry any counterparty risk in the same way as other reserve assets, like U.S. Treasury bills or other sovereign bonds. There are no cash flows associated with holding Bitcoin, nor is there any central issuing authority. So it isn't possible for anyone to default on cash flows and tank the price of the asset. Nor is it possible for any issuer to debase their currency to reduce the value that they owe to holders. In the same vein, the network is politically neutral, at least for now. The miners that make up the network are distributed around the globe. Furthermore, there's a strong taboo against allowing any single miner or cartel of miners to accumulate enough mining power to control the network on their own, and substantial technical barriers to prevent such an outcome from happening in the first place. Again, there is no issuer that can devalue Bitcoin to fund their deficit spending, and no single military can blockade its ledgers, nor seize control of it. For smaller economies nursing dollar-denominated debts, that neutrality is attractive insurance. That's why it's becoming a more attractive asset for central bankers. There are already a handful of countries accumulating Bitcoin for the above reasons. El Salvador now holds 6,170 bitcoins worth about $650 million after fresh purchases in May. Governments altogether control 463,741 coins, or roughly 2.3% of the supply, via intentional accumulation or law enforcement seizures. The U.S. tops that list with 207,189 coins, though the country's Federal Reserve is not officially on board with accumulating it. Ukraine's parliament just introduced a bill instructing its central bank to hold Bitcoin alongside gold once post-war reconstruction begins. In January, the Czech National Bank governor floated putting up to 5% of its 146 billion euros ($168 billion) of reserves into Bitcoin to diversify away from dollars and euros. Even if these countries never actually follow through on these plans, the public debate itself legitimizes the asset as something that's stable enough for sovereigns to hold intentionally. As bullish as it is for the coin's holders that governments and central banks are looking for exposure to Bitcoin, the idea of it being a commonly held reserve asset is still controversial, even if it's no longer fringe. Bitcoin is still fairly volatile compared to an asset like gold. As a result, key central banks don't want to touch it. The Swiss National Bank dismissed Bitcoin in April, citing stability concerns. Nonetheless, if even a handful of central banks eventually follow El Salvador's lead, the structural demand could absorb a lot of the coin's floating supply each year. That isn't enough to spike prices overnight, but it could create a steady amount of buying pressure that compounds Bitcoin's long-run scarcity narrative significantly. Investors betting on the asset today are therefore front-running a potential sovereign buyer of last resort, which is to say they're getting exposure to a similar upside that gold already enjoys. For now, Bitcoin remains a speculative reserve candidate, not a mainstream holding. Yet the very discussion marks a shift in monetary imagination that's just starting to pick up speed. Central banks won't replace their gold bars with cold wallets tomorrow, but the door is now open, and that's a smart reason to consider buying the asset today. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Alex Carchidi has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. Could Central Banks Embrace Bitcoin as a Reserve Asset? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data