The University of New Mexico Board of Regents has approved a 5.5 percent blended tuition and fee increase for the 2011-12 budget year. For a resident undergraduate student, that means an increased cost of $303.54 for the year. Resident graduate students will be paying approximately $340.47 more next year.

Listening to the concerns of both graduate and undergraduates about rising costs, regents opted to not impose any new student fees this coming year. Regent Don Chalmers advocated for a one-year moratorium on fee increases to give the university the opportunity to study and revise its fee structure.

Though recognized as long and arduous, the budget process received universal praise from university constituencies and regents alike. "The process has revived our confidence in the value of shared governance," said Fine Arts dean Jim Linnell.

With the tuition and fee structure in place, the university can now build its 2011-12 budget, which will go before the regents for approval on April 29.

Media con­tact: Susan McK­in­sey (505) 277‑1807, cell: (505) 362‑5530; e-mail: mckinsey@unm.edu