Iowa Regents plan maximum 4 percent tuition hike

[TexasTowelie]

DES MOINES — In an effort to keep quality higher education accessible for Iowa students and families, the Board of Regents plans to raise tuition just once by no more than 4 percent for the upcoming academic year, its president old lawmakers Wednesday.

The regents likely will arrive at a more specific number when they meet Thursday in Ames and will finalize increases for the state’s three public universities this spring, President Michael Richards told the House Appropriations Committee.

In capping a resident undergraduate tuition hike at 4 percent, the regents are stepping back from earlier discussions that called for 7 percent increases annually at Iowa State University and the University of Iowa, and 5 percent at the University of Northern Iowa, that were based on the assumption of no state funding increase in fiscal 2019.

Resident undergrad tuition is $7,486 at the UI and $7,456 at UNI and ISU, according to the regents. A 4 percent increase would be about $300 and a 3 percent increase would be nearly $225 a year.

Read more: http://www.thegazette.com/subject/news/education/iowa-regents-plan-maximum-4-percent-tuition-hike-20180221