LARAMIE, Wyo. - University of Wyoming officials plan to ask trustees in March to approve tuition rates for a two-year period.
University Vice President of Administration Doug Vinzant told trustees at a meeting Friday that adopting a two-year planned tuition program would provide certainty for students. "Then you can plan for what you need to set aside and so forth," he said.
Currently, annual full-time undergraduate tuition and fees are $4,125 for residents and $12,855 for non-residents. Those costs are $5,853 for resident graduate students and $14,829 for non-resident graduate students.
Vinzant said increases will likely be based on what the university receives in appropriations from the Legislature.
Wyoming lawmakers are looking at how to trim the state's budget because of a projected decline in severance tax dollars from the energy industry. Gov. Matt Mead has recommended providing the university with less than what it requested for faculty salaries and boosting the university's library collections, prompting school officials to look at raising tuition.
Raising salaries could help retain faculty while building the library collections could help UW achieve a goal of gaining entry in the Great Western Library Alliance, Vinzant said.
"One of the real challenges that we face is we hire good, young faculty, they develop, they become very productive and gain increasing recognition for their contributions in their respective fields," Vinzant said. "And they are most vulnerable to recruitment by other institutions."
Since 2000, tuition has increased 3.9 percent per year on average, or about $130, he said.
UW receives about $180 million a year in state appropriations. About $55 million comes from the income fund, Vinzant said.
"Tuition is by far the largest revenue source that goes into the income fund," he said.