ALBUQUERQUE (KRQE) – It’s happening across the state, the seemingly annual tuition hikes. Earlier this week New Mexico State University did it and Friday the University of New Mexico could follow suit.
Last year UNM declined the administration’s request for a tuition hike. This year there are four proposals on the table. In one administrators are asking for a three-percent tuition raise, which is about a $150 per year hike for undergrads.
But there are some proposals with students in mind. One would reward students graduating in four years, and give them free tuition the final semester. Another proposal has a one-time surcharge that would allow students to lock in a tuition rate for four-years.
This annual budget comes on the heels of an announcement that the lottery scholarship will likely only cover about 85 percent of a student’s tuition.
Last year the shortfall was smaller and it was covered up by the universities. They have already said they’re not sure if they can do that again this year.
Tuition at UNM has gone up by around 50-percent from about $4,000 a year for tuition and fees for undergrads, to more than $6,000 in the last decade.