The Board of Regents, State of Iowa, voted yesterday to increase 2011-2012 tuition by 5 percent. We understand and appreciate the challenges tuition increases create for students and families. We will continue to invest in set-aside money for financial aid to assist our students in financing their education.
While a tuition increase is not something we take lightly, it is necessary to help maintain our focus on maintaining quality programs and progress to graduation, while managing the budget.
Even with this tuition increase and a modest predicted enrollment increase, UNI still faces a challenging budget situation for fiscal 2012 that will become more clear as the Iowa General Assembly takes action on the state's budget.
In two and a half years, the Regent universities budget has decreased by more than $118 million in general university funds. The governor’s proposed budget for fiscal 2012 will reduce general university funds another $36.7 million, a 7.7 percent additional cut. State appropriations will not be known until the legislative session ends. The session is scheduled to end April 29.
We will continue to provide an excellent educational experience for our students while striving to become even more efficient and innovative in these challenging budget times.