The Universities of Wisconsin (UW) are beating early financial projections, according to the Wisconsin State Journal, in large part because of substantial tuition increases at a number of schools and donation dollars to UW–Madison.
Midyear financial reports released Monday ahead of the UW Board of Regents meeting showed that revenue among UW’s 13 universities is anticipated to exceed August projections by almost $160 million. Revenue from tuition at UW–Madison, UW–River Falls, and UW–Superior outstrips universities where tuition revenue came up short — namely UW–Eau Claire, UW–Oshkosh, and UW–Parkside.
Madison saw $77.2 million more in tuition revenue than expected, a 4.6% increase, after enrolling almost 400 more students than anticipated and including tuition boosts not included in the original budget. The university also logged an increase of $71.6 million in donations and contracts. River Falls is anticipating $5.6 million more in tuition revenue than projected, an 8.4% increase, and Superior saw an increase of $3 million, or 6.4%.
Oshkosh’s tuition revenue saw the largest decrease at $4.8 million less than expected, a 4% drop. Parkside and Eau Claire saw tuition revenue decreases of $2.1 million and $1.6 million, respectively.
UW–Milwaukee, UW–La Crosse, UW–Platteville, and UW–Stout did not release updated midyear financial reports as they remain within 3% of their projected budgets.
