Statewide Iowa — (RI) — At Thursday’s meeting of the Iowa Board of Regents, their president laid out the plan, moving forward, on tuition increases.
Michael Richards says they will hold the first reading of tuition in April, but wait until June for the final reading so they know how much state money they have available. This will allow them to avoid another tuition increase in the middle of the year.
He says they are also acknowledging that Iowa State University, the University of Iowa and the University of Northern Iowa are different schools with different needs.
Richards says the board will use what he calls “guardrails” in determining the tuition increases for the U of I and ISU.
The HEPI is projected to be two-percent this year. He says there’s also the possibility the tuition at the two schools could be below the three percent increase.
He says they are looking to provide students and parents with a stable system for setting tuition.
The statement Thursday comes after Richards said at the board’s September meeting that they would look at multi-year tuition increases. The board also determined then that it would ask for an additional $20-million in state funding in the next legislative session.
