The Montana Board of Regents approved a $1.8 billion operating budget for the Montana University System’s fiscal year 2023 at a meeting on Thursday.
The 10% overall increase was largely driven by increases in state appropriated funds, financial aid, inflation, expenditures as well as tuition revenue gains.
“A lot of that comes from a nonresident (student) increase and to be frank, a nonresident increase at Montana State University,” said Tyler Trevor, deputy commissioner for budget and planning. “What’s different this year than other years is the University of Montana is also increasing and so we’re seeing more of a compounded effect.”
Last fall, UM saw a 3% increase to its total enrollment from fall 2020, bringing it to 10,106 students. It was the first time overall enrollment grew at the university in a decade. Enrollment data for fall 2022 has not been released yet.
People are also reading…
Overall enrollment at MSU this semester dipped slightly from fall 2021, according to reporting from the Bozeman Daily Chronicle. However, the university is reporting its second largest freshman class. Its total enrollment this fall is 16,688 students.
The increase in tuition revenue