Noted: The Faculty Senate also discussed Chancellor Biddy Martinâ??s Madison Initiative for Undergraduates, which proposes a supplemental tuition increase over the next four years to provide more need-based financial aid and increase academic resources available to students.
According to a university publication, UW awarded $5.7 million in need-based grants to undergraduates for the 2006-07 academic year, the lowest need-based financial aid of all Big Ten universities.
Martin said the practice of using tuition for financial aid is standard at other universities and thinks the initiative would help the university continue to provide high-quality education at an affordable price.