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Published May 11, 2012, 10:26 AM

Proposed University of Minnesota budget raised tuition 3.5 percent

ST. PAUL, Minn. (AP) — A budget proposal before University of Minnesota regents Friday raises undergraduate tuition by 3.5 percent, boosts financial aid and gives professors and staff a raise.

ST. PAUL, Minn. (AP) — A budget proposal before University of Minnesota regents Friday raises undergraduate tuition by 3.5 percent, boosts financial aid and gives professors and staff a raise.

The proposal from university President Eric Kaler reflects priorities he outlined earlier this year — rebuild faculty, invest in scholarships and hold down tuition increases. The proposed tuition hike is slightly above last year's annual rate of inflation. The average student would pay $21,300 a year with room and board, an increase of $700.

After three years of furloughs, stagnant wages and higher health-care costs, staff would get a 2.5 percent raise.

Minnesota Public Radio News (http://bit.ly/IQffWi ) says Kaler would also spend $34 million to hire new faculty, fund programs and improve libraries and classrooms.

Regents will review the budget and listen to public comment Friday afternoon.

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Information from: Minnesota Public Radio News, http://www.mpr.org

Copyright 2012 The Associated Press.

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