LINCOLN- The University of Nebraska's top financial leader expects to wipe out a deficit from their budget next year through tuition increases and expense cuts connected to inflation. Giving the new university President-elect a clean slate was one of the chief financial officer's main goals. The proposed tuition increase would accumulate $12 million more annually.

These changes will translate to about $135 more annually for 15-credit semesters at the University of Nebraska-Lincoln, with students at the Omaha and Kearney campuses seeing slightly smaller increases. Nonresident, international, and graduate students will face larger increases, although they already pay more. These numbers vary across the University of Nebraska's multiple campuses and programs.

The NU Board of Regents voted to increase tuition for the first time since the COVID-19 pandemic by 3.5% across the board. The proposal also anticipates raising about $5 million in additional revenue from stabilizing or increasing enrollment. Budget cuts are also a large part of the plan due to inflationary costs. This approach is said to be a good starting point for a problem that requires a long-term solution.

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