New NU Era: The University of Nebraska's Funding Crisis
The University of Nebraska is facing a significant funding crisis as state support continues to dwindle.
In 2000, state funding accounted for over a third of the university's operating budget. However, this has shrunk to 19% of the total budget, with $699 million of the $3.6 billion budget coming from state funding.
- The NU Board of Regents has adopted $20 million in cuts across the system due to a less-than-asked-for state appropriation.
- The University of Nebraska-Lincoln faces an additional $27.5 million in cuts to address a years-long structural deficit.
- Average tuition increase of 5% has been approved for the university's five campuses to offset rising costs and inflation.
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Author's summary: University of Nebraska faces funding crisis due to dwindling state support.