college affordability

Recent Posts

Citing state cuts, UConn to raise tuition 6.5 percent next year

Facing a $46.2 million deficit for next school year, The University of Connecticut plans to exercise a provision in the four-year tuition plan it adopted in 2011 that allows the school to increase tuition more than 26 percent over the four years if state funding decreases. Continue Reading →

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UConn has 4 percent budget shortfall; considers additional tuition increase, other cuts

The University of Connecticut is facing a $46.2 million budget deficit for the fiscal year that begins July 1 — a 4 percent shortfall in the funding needed to continue its existing programs. Officials have not ruled out tuition increases and ways to cut expenses in order to close the gap. Continue Reading →

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UConn taps reserves to close budget shortfall

University of Connecticut officials plan to significantly draw down the system’s emergency reserves this fiscal year to close a $30.8 million budget gap. “This is the first time we have had to deplete this fund to this extent… It’s a sign of the times,” said Lysa Teal, UConn’s vice president of finance and budget. This move to use one-time revenue to cover nearly 3 percent of the college system’s budget is unusual — but necessary, said Teal. “It’s a gap that we haven’t been able to close another way.”

The state’s flagship university ended last fiscal year on June 30 with $71.8 million in reserves. The reserve fund has not dipped below $40 million since 2004, when the system’s budget was two-thirds the size it is now. Continue Reading →

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