FY14-15 Biennial Budget Request

Biennial Budget Requests

Download the FY14-15 Biennial Budget Request Summary

The 2013 higher education budget bill provided $78.25 million in funding for University of Minnesota requested initiatives, including $42.6 million for a tuition freeze and $35.65 million for MnDRIVE.

View a comparison of proposals and the outcome.

Freeze tuition for undergraduate students

$14.2 million incremental state appropriation in FY14 and FY15
Biennial total: $42.6 million

Applies to Minnesota undergraduate resident tuition rates
Approximate tuition savings for incoming freshmen during their four years at the U:
- Twin Cities, Morris, Duluth and Rochester - $2,500
- Crookston - $2,100

Invest in research to support Minnesota's most promising industries

$18 million recurring state appropriation beginning in FY14
Biennial total: $36 million

Establish the Minnesota Discovery, Research and InnoVation Economy (MnDRIVE) program, focusing on four strategic areas over the biennium, with statewide benefits:

Forgive loans for healthcare professionals in underserved areas

$1.5 million recurring state appropriation beginning in FY15
Biennial total: $1.5 million

This University loan forgiveness program would be available for pharmacy, nursing, medical, dental, and veterinary students, who agree to serve in an underserved area of the state.

The U's request is close to the same amount the State provided back in 2001. But today we serve 15% more students!

The University's commitment

Reallocate $28 million over the biennium

The U commits to reducing overhead costs including administrative expenses to provide more funding for high priority activities.

Increase accountability

Meet at least 3 of 5 of the following performance goals to receive 1% of the biennial appropriation (an increase of $11.5 million beginning in FY15):

Increase institutional financial aid
Award at least 15,000 degrees systemwide in 2014
Increase 4 and/or 6 year graduation rates on the Twin Cities campus
Increase invention disclosures in 2014
Maintain 2011 level of total National Science Foundation recorded R&D expenditures