DOVER, Del. (AP) - University of Delaware officials are asking lawmakers to use taxpayer money to fund tuition and fees for in-state students whose family income is $75,000 or less.
UD officials presented the proposal Thursday to the legislature’s budget-writing committee.
Officials at the school, which reported an endowment of almost $1.6 billion for fiscal 2018, estimate that the proposal would cost taxpayers about $9 million annually. They suggest funding be phased in through increasing annual increments of $2.25 million over the next few years.
Lawmakers expressed concern about increasing costs at the university, where tuition and fees for in-state undergraduates total $13,680. That does not include standard room and board of $12,862 or account for financial aid, which averages about $6,000 per student.
UD currently receives about $120 million annually in taxpayer funding.
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