Madison Reporter

The University of Wisconsin System Board of Regents has approved a tuition increase for undergraduate students for the 2024-25 academic year to align with inflation rates. According to Greg Bump, the tuition for Universities of Wisconsin undergraduate students, including those at the University of Wisconsin–Madison, will rise by 3.75%.

In specific terms, Bump notes that "At UW–Madison, resident undergraduate tuition will increase by $362 to $10,006 annually in fall 2024. Tuition for non-resident UW–Madison undergraduates will increase by $1,464 to $40,505." Additionally, segregated fees at UW–Madison will see a $35 increase for all students, representing a 2.2% change over the current academic year.

The decision to increase tuition comes after a freeze on resident undergraduate tuition from 2013-23. Bump explains that this increase is necessary to help the universities keep up with inflationary operational budget increases and limited state funding.

Despite the tuition hike, UW–Madison remains a highly regarded institution, ranking 12th among public universities in the U.S. The university also prides itself on its commitment to making education affordable, with 65% of 2023 graduating seniors not needing student loans for their degrees. This commitment is further demonstrated through programs like Bucky’s Pell Pathway, which ensures eligible students have their tuition and fees covered.

The adjustments in tuition are expected to generate approximately $26.1 million in additional revenue. This revenue will go towards supporting the university's teaching and research mission, funding the 2024-25 pay plan, addressing higher healthcare costs, providing need-based aid, and enhancing teaching and student services.

The approved increase in tuition and fees reflects the university's dedication to maintaining its educational standards while adapting to economic realities.