University of Nebraska Regents expected to raise tuition Thursday

Posted at 2:27 PM, May 29, 2017
and last updated 2017-05-29 15:53:34-04

LINCOLN, Neb. (KMTV) - The University of Nebraska regents are expected to raise tuition on Thursday to help close the university system's budget gap. 

The board will meet in Lincoln to consider the university's budget for the 2017-2018 school year. 

The university is expecting a budget gap of $50 million after getting its request for $583 million in state support for each of the next two school years was declined. Instead, the legislature and Governor Ricketts approved $570 million in 2017-2018 and $580 million in 2018-2019. 

A one percent tuition raise would allow the the University of Nebraska system to gain $2.7 million in revenue, according to officials. 

The budget details have not been made public.