University of Minnesota students and faculty oppose budget cuts and 3.8% tuition hike The Board of Regents will vote June 26 on the tuition hike and budget cuts, which is the sixth consecutive year tuition has risen for U of M students. Board of Regents Brian Steeves, left, Chair Doug Huebsch, center, and President Rebecca Cunningham listen to a student during a public forum at the University of Minnesota in Minneapolis on Friday.