Anchorage, Alaska (KINY) - The University of Alaska Board of Regents voted to increase the amount undergraduate students pay for college tuition by five percent beginning in fall semester 2020.
The regents directed the administration to invest $1.5 million of tuition revenue to financial aid for students at each university. The UA tuition rate remains well below the tuition rates at most universities in the west.
Graduate student and non-resident tuition was not increased.
“Our goal is to ensure that we have a sound university and have considered how the tuition increase will affect our students and that goal,” said Chair Sheri Buretta. “We care deeply about our students and want to make sure those in need have access to adequate financial aid.”
UA President Jim Johnsen told regents that a five percent increase in tuition could generate as much as $7 million in additional revenue but noted that the amount is not guaranteed because it assumes current enrollment holds next year.
The board was scheduled to vote on the tuition increase at its November 2019 meeting but delayed the decision so that each university leadership team could talk with and collect input from students.
In other business, regents heard from the university chancellors on their progress to meet the current fiscal year 2020 reductions and plans for additional budget reductions in the fiscal year 2021. They also heard from each university on strategies and initiatives to increase enrollment and contribute to increased student success at Alaska’s universities.
The board unanimously approved a resolution recognizing the late Dr. Alan Boraas, the longest-serving professor at Kenai Peninsula College and renowned anthropologist, for his accomplishments and service to the university.
Dr. Boraas passed away Nov. 4. Regents discussed his many contributions to Alaska, to KPC and to the people of the Kenai Peninsula.