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Affordability the Centerpiece of FY2014 MnSCU Budget
Operating budget approved by the Board of Trustees includes first of a two-year tuition freeze; Capital budget prioritizes deferred maintenance and repair of existing facilities
Minnesota State Colleges and Universities News Release, 6-19-2013
Contact: Doug Anderson, Director-Communications and Media, (651) 201-1426, email@example.com
ST. PAUL, Minn., June 19, 2013 – The Board of Trustees of the Minnesota State Colleges and Universities (MnSCU) today approved an operating budget for fiscal 2014 that freezes undergraduate tuition at fiscal 2013 levels. This is the first of a two-year tuition freeze made possible by a $78 million appropriation by the state legislature during the 2013 session.
“The operating budget approved today will help deliver on our commitment to ensure access to an extraordinary education for all Minnesotans,” said MnSCU Chancellor Steven Rosenstone. “Affordable tuition, together with grants to address unmet financial need, will help open the door to educational opportunity for students from all backgrounds. With this budget, we remain the state’s highest value, most affordable higher education option by significant margins.”
Changes in the State Grant program will result in substantially more MnSCU college students (approximately 7,700) and MnSCU university students (approximately 760) receiving grants in the 2013-14 academic year. The largest increases in the numbers of state grant recipients (35 percent at the colleges and 21 percent at the universities) are projected to occur among part-time students.
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