On Friday, the University of Nebraska regents approved a proposed two-year budget that features a 2.75 percent tuition increase.
The 2019-20 budget also includes a 2 percent increase in the salary pool.
Most Nebraska undergraduates will pay $5 to $7 more per credit hour each of the next two years under the budget put forth by University of Nebraska President Hank Bounds.
While Bounds said he was happy NU is able to hold tuition increases to an average of 2.75% over the next two years, he noted that requests for state funding increases of 3% and 3.7% for 2019-21 – coming on the heels of multiple rounds of cuts that have necessitated $28 million in administrative and programmatic reductions – were not enough to cover all its needs.
“This is a good budget for the 52,000 students of the University of Nebraska,” Bounds said. “On one hand, a budget this lean doesn’t allow us to make the kinds of investments in talent and workforce development that Nebraska urgently needs to grow for the future. But the state’s partnership, together with the good work of our colleagues in continuing to find efficiencies, means that we will again achieve our highest priority: affordable excellence for the people of Nebraska.”
The budget also includes a 2% increase in the salary pool for non-bargained employees, to be distributed on the basis of merit, plus a 0.4% pool to address faculty competitiveness issues at UNL and the University of Nebraska Medical Center.
The University of Nebraska’s total state-aided 2019-20 operating budget is $990 million.