University of Minnesota Approves Tuition Hike Amid $5.4 Billion Budget for 2026-27 Fiscal Year

The University of Minnesota Board of Regents has approved a $5.4 billion operating budget for the upcoming fiscal year, which includes a 3.8% tuition increase for resident undergraduates across most of its five-campus system. This marks the sixth consecutive year of tuition increases, as the university grapples with rising operating costs and uncertain funding. The budget also provides salary increases for employees but will eliminate approximately 230 positions through layoffs and attrition.