The University of Nebraska Board of Regents approved a tuition increase for the University of Nebraska school system at their June 1 meeting.
Schools affected by the tuition increase include UNO, UNL, UNK, UNMC and the Nebraska College of Technical Agriculture. Tuition will increase 5.4 percent for the 2017-2018 school year, and an additional 3.2 percent the following year.
The tuition hike comes as part of an operating budget proposed earlier this week by NU President Hank Bounds. In addition to higher tuition costs, the NU system will also aim to cut $30 million from university operations Bounds attributed the need for budgetary adjustments to rising costs of operating the NU system as well as reductions approved by the Legislature and additional cuts from Gov. Pete Ricketts.
The university announced it will also will increase its investment in need-based financial aid at the same rate as tuition so students with financial need will not be negatively impacted.
The university also pointed out that despite the increase in tuition, NU’s costs would remain well below those of similar institutions. For example, UNL’s tuition will continue to be much lower than the Big Ten average. Bounds said that he believes the hike is moderate enough that it will not have a negative impact on enrollment.