The University of Minnesota is scaling back plans for a big tuition rate increase for incoming nonresident students.
The Board of Regents on Friday will vote on a budget that raises tuition 7.5 percent for those students, down from a 9.9 percent increase discussed last month.
Out-of-staters already attending the university would see 5.5 percent increases.
Regents want to raise nonresident, nonreciprocity tuition rates to the middle of the Big Ten in the coming years — while limiting increases for Minnesota residents — but students have been pushing back against aggressive rate hikes.
The budget revision approved Thursday by the regents’ finance committee would save each incoming nonresident freshman $490. It would cost the university about $550,000 in revenue, forcing the liberal arts and science and engineering colleges in particular to rein in spending, said Julie Tonneson, associate vice president for budget and finance.
Resident undergraduates on the Twin Cities campus would see a tuition increase of 2.5 percent, or $306, but that would be offset for many students by a $2 million increase in income-based scholarships.
With those scholarships, about half of all Twin Cities students would not see the cost of tuition increase next year, officials said.
Tuition and fees would rise 0.5 percent on the Crookston campus and 0.4 percent in Duluth and go unchanged in Morris and Rochester.