LAS CRUCES (AP) – New Mexico State University’s Board of Regents has decided not to increase tuition for the 2016-2017 academic year.
Monday’s vote means the university will need to cut its budget by approximately $10.7 million for the next year.
During a town hall meeting last month, university leaders outlined how NMSU was facing a challenging financial situation stemming from several factors.
That includes a decrease in state appropriations due to the struggling state economy and a decrease in student enrollment.
Taken together, state funding and tuition represent about half the university’s operating budget.
Among the options being considered by university leaders is a reduction in administrative salaries.
Regents did approve a 5 percent increase in on-campus housing rates.