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Regents to propose 3 percent tuition increase
April 24, 2017
With state budget cuts and an increasing cost to attend Iowa public universities, a “tuition task force” is currently being created through the Board of Regents to discuss a proposed 3 percent increase to the current 2 percent tuition increase.
The second increase would build on top of the already approved “2+2” model. Within this model, a 2 percent increase would follow every two years as long as state funds also increased by 2 percent.
Though the increase is a result of $21.4 million lost by the three Iowa public universities in state appropriations, Rastetter hopes the task force will allow for more input from the regents and university heads.
“I think the $30 million cut is something, after the cut in February, that will be hard for the universities to absorb,” Rastetter said.”Clearly the “2+2” isn’t going to work, so we’ve asked the board office to come back and create a task force to engage stakeholder in Des Moines and Iowa.”
Budget cuts are now the “stark reality,” Rastetter said, as he sees fewer appropriation dollars affecting universities in a way not witnessed in many years.
Due to the $30 million lost in base revenue, the “2+2” system was not achievable, something Rastetter and the regents did not plan for when designing the program.
A telephonic regents meeting will take place after May 1 to further discuss the details of the increase, including a vote to add onto the “2+2”. The second reading would then be discussed at the board’s June meeting.