tuition

Angus Thuermer / WyoFile

Last week, the Board of Trustees at the University of Wyoming approved a 5 percent tuition hike for the next academic year—and 4 percent increases for each year after that. Most of that extra revenue will be used to fund employee salary increases.

Some employees and students question the move.

Faculty Senate Chair Ed Janak says the raises are much-needed, but he isn’t sure tuition hikes are the right idea.

University of Wyoming

The University Of Wyoming Board Of Trustees is considering a variety of proposed tuition raises in order to retain faculty members. On Friday the board is expected to vote on two proposals. The first would increase tuition by five percent for academic year 2016. The second would allow the board to increase tuition by four percent every year for four years.

UW’s Vice President for Administration Bill Mai says the university has lost key members of its faculty in recent years due to financial concerns and has had to move money from other areas to retain current faculty.

Wyoming ranks among the best states for recent college graduates to live and work. That’s according to a recent analysis of changes in four-year college tuition rates, median household income and unemployment rates since the start of the financial crisis.

University of Wyoming President Dick McGinity is proposing that UW raise tuition and fees in the next academic year. In a recent letter McGinity proposed that the university increase tuition by four percent and student fees by $91. This would mean a rise in full time resident tuition by $211 to $4,615.

UW Vice President of Government and Communication affairs Chris Boswell says though that the University has several options in the future to help with rising costs of utilities, building maintenance and supplies.

Wyoming has the fifth lowest average debt in the nation for students who graduated from college in 2012. That’s according to a recently published study by the Institute for College Access and Success. In Wyoming the average debt was just over $21,000.

Director of Student Financial Aid at the University of Wyoming, Joanna Carter, says there are several things that keep borrowing relatively low at UW.

The University of Wyoming Board of Trustees has approved raising tuition and fees over the next two years.

Under the plan, tuition paid by resident students will increase 2% in each of the next two years while nonresident students will pay 4.5% more in 2013 and 2014.

For a resident undergraduate student: tuition that costs $104 dollars per credit hour this year would increase to $108 dollars per credit hour by 2014. Nonresident per credit hour tuition will go from $576 dollars to $629. Mandatory student fees will increase from just over $1,000 a year.

University of Wyoming Board of Trustees will discuss whether or not to increase tuition rates this week, with a final vote taking place on Friday. Under the proposal, in-state tuition would increase by 2%, while non-residents would pay 4% more this fall, and an additional increase of 2% the following year.