Saturday, December 26, 2015
$2M tuition waiver cut will help make up shortfall at UM - KEILA SZPALLER, Billings Gazette
The University of Montana will eliminate an estimated $2 million in tuition waivers, or scholarships, over the next two to four years to help reduce its projected shortfall, according to university officials. The University of Montana is seeking to make up an estimated $10 million to $12 m… UM has budgeted an estimated $13.8 million for waivers this year, and it will keep its current commitments to students, said Mike Reid, vice president of finance. Going forward, though, it will be more strategic about the way it doles out scholarships. "The University of Montana is already one of, if not the lowest-cost, flagship education you can get for resident students," Reid said.UM is facing a $10 million to $12 million shortfall in its 2017 fiscal year budget.