State funding cuts to the University of Nebraska could total $50 million over a two year period.
That could mean tuition hikes for students.
Regent Hal Daub says it is still too early to predict what will happen as the legislature examine funding issues but students could be paying more for their education.
Daub says, “We are at about a 3% tuition year-over-year increase now and that could very well be in the range of 5% to 8%”.
Daub says they will look at this issue carefully and in a shared way. He says they already started belt tightening this fiscal year and that will continue – depending on the tax dollar contribution. However, he says the percentage of contributions to the University budget over the years has dropped from about 25% down to 14% so they have been doing a lot of belt tightening over the past four or five years.