Students attending Iowa’s three public universities governed by the state Board of Regents will likely see tuition increases of about 3 percent each year for five years, depending on state funding levels, the regents announced Thursday.

Regent President Mike Richards provided details at the regents’ Thursday meeting in Cedar Falls of the multiyear tuition model that would lay out a range of tuition increases for students in the next five years.

The model was produced following the regents’ Tuition Task Force conversations during the summer of 2017 in which the regents heard from students that last-minute tuition increases made it difficult to plan their finances.

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Over the next five years, Richards said resident undergraduate tuition rates at the University of Iowa and Iowa State University will increase by 3 percent per year if state appropriation requests are funded. However, if the state does not provide any additional funding, tuition will increase by 3 percent plus Higher Education Price Index.

The model is not focused on tuition rates for nonresident students, Richards previously said.

The regents will make the University of Northern Iowa more competitively priced with its peer institutions after state appropriation levels are determined, Richards said.  

RELATED: Iowa regents plan to take ‘holistic approach’ to funding universities

The timeline for discussing tuition will remain the same as it did earlier this year with a first reading in April and a final decision in June, Richards said. He noted this timeline will continue in future years.

This would allow for the state Legislature to determine state appropriations levels for the following fiscal years, which begin July 1 each year, and for the universities to cope with any potential midyear budget cuts that legislators make during the session.

Previously, the regents would give a first reading of tuition rates in October and take a final vote in December. The regents have since strayed from that timeline after midyear budget cuts in fiscal 2017 prompted them to go back on the tuition rate increases they had approved in December 2016, bumping up the 2017-18 academic year rates in June 2017.

“The board’s core mission, above all else, is to maintain the quality of education provided by our public universities and keep them affordable and accessible for every Iowa student who wants to attend,” Richards said.

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Compared to past years, Richards said the regents will now focus on looking at tuition revenue, state appropriations, and reallocations in a “holistic” approach to funding the universities because they have different missions, focuses, and programs.

Regent Rachael Johnson, formerly a UNI student currently serving as the sole student regent, said the issue of predictable tuition has been thrown around since before she became a regent.

“Throughout my time, it has been difficult for students with the midyear increases and things of that nature because we didn’t know where state appropriations are,” she said. “I think this provides a concrete proposal to move forward with that students and families can plan for and it will be predictable and it will be to the benefit of all of our students and the universities as a whole.”

RELATED: UI students express concerns about rising tuition with unstable state support

Previous student leaders told the regents in April that tuition increases should not be seen as a revenue-generating device, however, as it becomes more difficult for students to afford their education and affects graduation and retention rates.

“As our tuition increases to cover the decreasing contribution of the Legislature, it becomes more difficult for students to afford their education and succeed from the moment they step on campus the first time to the moment they graduate,” former UI Student Government President Jacob Simpson said in April.

Current UISG members did not respond to requests for comment.