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U Of Minn. Regents To Act On Budget On Monday

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(credit: CBS)

(credit: CBS)

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MINNEAPOLIS (AP) — The regents of the University of Minnesota are scheduled to vote Monday on a budget that will increase tuition 5 percent for most undergraduates while cutting millions of dollars in expenses.

The budget includes an expected cut of about $71 million in state aid to $520.3 million next year. The university plans to cover about two-thirds of the shortfall through budget cuts. Those cuts include layoffs, wage and salary freezes and passing more health care costs along to employees.

The budget would also raise nearly $45 million in tuition and fees. Tuition will increase 5 percent for most resident undergraduates.

The increase may feel steeper to some students because federal stimulus money the university used for scholarships for the past two years has run out.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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