Board of Regents gives preliminary approval to budget with no increase in resident tuition, mandatory fees
DENVER -- The University of Colorado Board of Regents on Friday voted in favor of a proposed budget for 2019-20 that boasts zero percent in-state tuition increases.
It’s the first time in recent memory – at least 10-plus years – that CU has been able to keep tuition flat.
No increase in tuition and mandatory fees is a condition of the state budget currently advancing at the Capitol. As first proposed by former Gov. John Hickenlooper and supported by current Gov. Jared Polis, the budget provides a 13 percent increase, or $28.2 million, in funding for CU.
“I’m pleased for our students and their families that we are able to have a zero percent tuition increase for next year,” said CU President Bruce D. Benson. “We appreciate the support of the governor and legislature, who are providing the funding that makes this possible.
“Still, it is incumbent upon us to continue our efforts to find efficiencies, institute better business practices, streamline bureaucracy and do all the things we have been doing for the past 11 years to ensure a CU education remains affordable, a great value and more important, of high quality.”
The Board of Regents will vote on the final budget at its June meeting, after the state budget has been set by the Legislature.