Updated: 10/12/2012 8:26 AM KSTP.com By: Jennie Olson
The University of Minnesota Board of Regents will be voting Friday on a proposal to freeze undergraduate tuition.
The board will meet at 9 a.m. Friday to act on President Eric Kaler’s proposed biennial budget and legislative proposal.
Part of Kaler's 2014-2015 budget request from the State includes a bargain. Under the proposal, tuition will stay steady if the state will chip in more money; the U of M will freeze tuition for in-state undergraduates if the state will provide $14.2 million more a year.
Kaler is also proposing that the state withhold $11.5 million dollars in fiscal year 2015, unless the university meets certain requirements like increasing financial aid and awarding more degrees.
Kaler's total request is about $1.8 billion, a $91.6 million or 8.4 percent increase over current state funding.
To view docket material, visit www.umn.edu/regents.