UNM regents consider new way of charging students

Posted at: 04/06/2013 11:00 AM
By: The Associated Press

ALBUQUERQUE, N.M. (AP) - University of New Mexico regents are considering a proposal that would raise tuition for some students by double digits.
The Albuquerque Journal reports that undergraduate students who are taking 12 credit hours or less would see a 14 percent increase next year if regents approve a new way of charging students.
Several regents have already criticized the proposal, which was unveiled Friday.
It calls for charging students for each credit hour they take instead of a block of credit hours. Now, all full-time students who take 12 or more credits pay the same tuition.
Revenue from the tuition increase would be used to pay for a proposed 3 percent pay raise for faculty and a 1 percent raise for staff. One-fifth of the revenue would go toward financial aid.