The University of Northern Colorado Board of Trustees approved a $219 million operating budget for its upcoming fiscal year 2025-26, and it’s a spreadsheet including tuition increases both for undergraduate and graduate students.
The approved budget, which came Friday at the board’s meeting on campus in Greeley, aligned with the preliminary version presented last month. It takes effect July 1.
The key numbers are: $219.3 million net operating revenue, which is the money the university will bring in through the next fiscal year, and $214.3 million net in operating expenditures or expenses.
The budget will also adopt the tuition increases: a 3.5% increase for undergraduate resident tuition; a 4% increase for undergraduate non-residents, a 5% increase for graduate tuition and 4% increase in student fees.
The undergraduate resident tuition increase comes out to $9,365, which is up by $318 from the 2024-25 academic year. Tuition went up 3% in 2024-25 for undergraduate resident students. The combined undergraduate resident tuition and fee rates increases means a 3.6% jump to $12,332 for next year, or $432 more than the 2024-25 school year.
Graduate tuition and fee rates start at $12,150 for the lowest tier with $2,540 for and a total of $14,690. Tuition rates for graduate students vary depending on programs.
Higher rates will also be seen on residence halls (7%), a 10% increase for the Arlington Park Apartments and a 4.3% average increase on meal plans.
Undergraduate resident students account for the largest source of revenue for the university as the majority of the student population. Undergraduate tuition and fees account for the bulk of the revenue at $81.2 million.
UNC will receive a slight increase in funding from the state for 2026. The university will receive $1.5 million, a 2.2% increase, to $70.6 million over the current fiscal year ending later this month.
The expenditures include a 3% compensation pool increase for faculty and professional administrative staff to go into effect in January. State-mandated raises for classified staff will take effect next month.
Dale Pratt, CFO and vice president for finance and administration, presented the key components of the budget to the board. He noted the university’s cash position is projected to be $63 million at the end of the 2026 fiscal year next June, which is a $3.2 million improvement from FY 25. The cash does not include $43 million in escrow for the in-progress college of osteopathic medicine.
Inside of the $3.2 million more from fiscal year 2025 is $1.3 million from the sale of 10th Avenue properties that moved into the 2026 budget.
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