UNM Regents Approved Tuition Increase

Apr 10, 2013

ALBUQUERQUE, N.M. (AP) — The University of New Mexico Board of Regents has decided that the next school year will bring higher tuition and fees for students.

That's so the university can pay for higher salaries for faculty, a one-time bonus for staff and funding increase of $900,000 for the athletics department.

Television station KOB (http://bit.ly/ZERARQ ) reports that the increase approved Tuesday means students will pay about $603 each semester in fees. That's up from the current rate of $553.

Faculty will get a 3 percent raise, while non-faculty staff will get a 1 percent raise plus a one-time bonus of $1,000.