UNM Admin Proposes 8% Tuition Hike, Regents Say Keep It to 5%

By Elaine Baumgartel

Albuquerque, NM – The President of the University of New Mexico made his case Monday to UNM Regents arguing an 8% tuition hike is necessary to help fill a $12 million budget shortfall.

At the end of the UNM budget summit meeting, which went on for about 8 hours, The Albuquerque Journal reports Regents told UNM administrators to keep the tuition increase to 5%. That would require an additional $3.5 million in cuts.