Raines forecasts tuition increase to students - WMC Action News 5 - Memphis, Tennessee

Raines forecasts tuition increase to students

By Ben Watson - bio | email | Follow us on Twitter

MEMPHIS, TN (WMC-TV) - Higher learning could cost University of Memphis students hundreds of dollars more next year.
  
Using pie charts and graphs, University of Memphis President Dr. Shirley Raines held a meeting with students Wednesday where she confirmed the possibility of a tuition increase.

"We planned for a five percent increase in tuition," Raines said.

If implemented, the increase means about $250 more a year for each student. School officials say the increase is based on projections they've made regarding the $20 million the state has asked the university to cut.

Student reaction to the projected tuition increased was mixed.

"I'm certainly not thrilled about it," student Joseph Brewer said. "That's more money out of my pocket."

Others seemed to expect the increase.

"It's not a shock," student Tim Jordan said. "It's nothing new for tuition to go up."

Raines described the 5 percent increase as unavoidable, pointing out that through attrition and buyouts, all but $7 million of the $20 million has already been cut.

The unknown factor, she told students, is what the state's budget will be, because that will determine exactly just how much the state will allot for education, and therefore how much the University of Memphis will ultimately receive.

Right now the tuition increase is on hold until the school gets the final budget from the state.  That is expected to happen in late June.

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