U of Minn. offers to freeze tuition for new money
MINNEAPOLIS (AP) — The University of Minnesota is offering a tuition freeze in exchange for new money from the Legislature.
University President Eric Kaler is tying increased funding for the "U'' to a tuition freeze for some undergraduates.
The Star Tribune reports the university's capital request promises to freeze tuition for resident undergraduates — if state lawmakers give the university a $14.2 million increase in each of the next two years.
The request includes $11.5 million in the second year of the two-year request for an "accountability fund." The state would release that money if the university does things like award more degrees, increase financial aid and maintain research and development spending
Kaler will present the request to the Board of Regents on Friday. The regents will vote on it in October.
Copyright 2012 The Associated Press.
