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Hi everybody, thanks for joining us.

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Does everybody have recording

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capabilities that want them?

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I'm going to go ahead and record

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here. If there's no objections,

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we have Regent President.

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Recording in progress.

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Kyle Weatherly and Interim President

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Renee Wachter with us

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to

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discuss today's announcement.

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I will turn it over to them in

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just a moment.

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President Weatherly.

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Hey, good afternoon everyone.

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Thanks a lot for making time and

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greetings from UW-Green Bay,

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where we just made this announcement

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in person.

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I'm Kyle Wetherly, president of the

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University of Wisconsin Board of

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Regents. Over the last six years,

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I've had the privilege of seeing

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firsthand how our universities

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change lives, strengthen

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communities, and prepare Wisconsin's

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workforce for the future.

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Today we are announcing a

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centerpiece of the Universities of

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Wisconsin's budget proposal.

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A commitment to make high quality

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university education more affordable

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and accessible for Wisconsin

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families as part of that commitment,

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the Board of Regents is proposing a

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new four year tuition pledge

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under this pledge.

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Tuition will remain frozen for two

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academic years, beginning in the

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fall of 27 provided

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that the state invests 190 million

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to support the cost of the freeze

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and other operating needs that

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preserve high quality education

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that pledge also.

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The universities of Wisconsin to

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limiting tuition increases in the

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following two years to no

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more than the rate of inflation.

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For students entering one of our

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universities in the fall of 27,

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that means four years of predictable

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tuition with costs that remain

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well below inflation.

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It represents an important

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commitment to Wisconsin families and

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helps ensure the University of

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Wisconsin remain the Midwest

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leader in tuition affordability.

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And with that, I'll turn

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it over to President Wachter.

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Thank you, Regent President

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Weatherly.

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You know, over the past week, we

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have been traveling across Wisconsin

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to share the promises that we're

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making to the people of our state

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through our budget proposal.

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At their core, these promises are

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about expanding opportunity and

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helping Wisconsin meet the

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challenges and opportunities ahead.

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Today, we're highlighting our

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Signature Affordability Promise,

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ensuring that every Wisconsinite has

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access to a high quality, affordable

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Universities of Wisconsin education.

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The four-year tuition pledge is an

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important part of that commitment,

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but the second part of that is a new

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initiative called Wisconsin Work

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and Learn.

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Wisconsin Work& Learn would

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eliminate tuition for Wisconsin

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students whose families earn at

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or below the state's median

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household income.

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In exchange for a commitment to

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work, internships,

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apprenticeships, or career

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preparation, students would gain

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a more affordable path to a degree

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while Wisconsin gains the workforce

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our future depends on.

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By combining last dollar financial

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aid with career-connected learning,

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the program helps ensure that cost

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is not a barrier to opportunity

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while strengthening Wisconsin's

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economy and workforce.

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Together, the four-year tuition

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pledge and Wisconsin Work and Learn

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would help to ensure that the

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universities of Wisconsin remain

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the Midwest leader in tuition

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affordability.

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They would provide families with

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greater certainty, remove financial

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barriers for thousands of students.

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And reaffirm Wisconsin's

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long-standing belief that talent and

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hard work, not financial

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circumstance, should determine

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a student's opportunity to succeed.

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Thank you very much President

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Wachter and now we'll turn it

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over for any questions

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Thanks, President Weatherly.

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Sabina, do you want to kick us off?

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Yeah. Thank you so much for

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taking some time today to

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speak with us.

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I just wanted to start by

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asking about this Wisconsin Work

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and Learn program.

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Could you just give us some more

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specifics on how this

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exchange for a commitment to

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work for internships would

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work for you're eliminating

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tuition, just some more specifics on

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that.

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Sure, so it is

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a last dollar financial

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aid program connected with

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career learning.

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And so we know there'll be a work

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certification part of it and

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it covers things like all the things

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that you think about that help

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develop our students to go out into

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the workforce. So that includes

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having an internship,

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if you're in education, your

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teacher placement, your

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clinicals, those kinds of

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experiences that contribute to you

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being career ready.

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And if I can just add onto that

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from my personal experience,

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my wife graduated from UW

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Oshkosh 20 years ago.

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She came from a lower working

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class family.

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She paid for college by herself.

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She worked two jobs,

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and she still

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wasn't able to fund

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her entire tuition and had to take

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out loans.

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It's people like my wife.

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I mean, she still has actual scars

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from where she was donating plasma.

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To help make ends meet.

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So it's people like my wife that are

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donating plasma, that are working

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two jobs.

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And she ended up getting a 4.0

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at UW Oshkosh, that

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we're trying to help with this

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program.

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Thanks. Go ahead, Josh,

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with politics.

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Thanks very much.

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I wanted to ask, will

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this last

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dollar financial aid, will it be

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dependent on students

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getting internships or

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apprenticeships, will they have

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help? And then will it cover all

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career paths or just a set of

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degrees or career paths?

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You know, all of our universities

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have career

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centers, and oftentimes

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even some of that career

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guidance is within the programs

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themselves. And so we

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anticipate that our

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career service centers and advisors

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stand ready to help our students

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as they navigate their choices.

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But this is really meant to cover

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all students across the state of

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Wisconsin.

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Nadia, do you have a question?

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Yeah, I was just wondering in the

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past, I know there's been discussion

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in budget proposals about

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like,

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tuition promises, those kinds of

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programs.

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How would this

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tuition freeze work with those?

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Is that something that you guys were

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considering would work

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into this at all?

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I would just love to make sure that

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I cover that base.

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Yeah, I mean, this is

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very similar to a tuition promise,

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but where I would describe a tuition

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promise as the

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state asking students

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to meet them halfway,

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the students are really meeting us

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more than halfway.

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They're doing most of the work.

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They're not only carrying a job and

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a full workload, but

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they're

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working on their academics as well.

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So we are just carrying that little

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bit. You

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know You know, I

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compare it to the last 10 yards

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of sort of fully funding their

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education right they're getting most

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of the way they're on themselves.

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But we're just helping them at that

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very end so as the President already

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said, this is a last dollar program,

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so this is after they've already

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received any programs they're

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eligible for any other scholarships

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are eligible for.

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And this just makes up the last

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thousand 2000 $3,000

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that that might be

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the delta between.

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Their entire tuition and having to

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take out loans.

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Hi, this is Corey.

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You said in the beginning that you

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would commit to

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keeping tuition frozen for

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the next two academic years provided

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the state invests $190 million.

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What if the state doesn't commit

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to that?

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Will there be tuition increases?

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Just a point of clarity,

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commit to keeping any

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tuition increases below the

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inflation.

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So two years of a freeze funded by

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the state followed by two

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years that is tied

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to it that is going to be below

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inflation.

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Right, so this is for 4 years,

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you're talking about, but again,

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if the, if, the state does not

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commit to this investing this money,

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will there then be higher tuition.

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Increases.

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That's part of a different process

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later in the year.

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At the same time, we

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have the same inflationary pressures

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that every other business,

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every other organization in the

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country is under right now.

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In addition to that, we need to

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fund our payroll increases that

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are set by the state.

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They're not set by us.

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So we need meet those obligations.

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So even if we try to

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hold everything flat, our costs

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increase dramatically from

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year to year.

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So while that's part of a different

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process, it would

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be very, very difficult.

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It would be difficult to

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not increase tuition if the state

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doesn't commit to

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the 190 million.

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Yes.

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00:13:18,360 --> 00:13:19,360
Okay, thank you.

293
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Scott of AP

294
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Hey, thanks.

295
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Sorry.

296
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So with that in mind, do you guys

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have a position on

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who you'd like to see running state

299
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government next year?

300
00:13:38,570 --> 00:13:39,949
Do you think Democrats would be more

301
00:13:39,950 --> 00:13:41,049
amiable to this plan?

302
00:13:41,050 --> 00:13:43,129
Or have you approached either

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00:13:43,130 --> 00:13:45,009
candidate for governor to

304
00:13:45,010 --> 00:13:46,469
get their thoughts on where they

305
00:13:46,470 --> 00:13:47,470
fall on this?

306
00:13:48,780 --> 00:13:50,679
Well, we know that

307
00:13:50,680 --> 00:13:52,659
the election talk is in the air, but

308
00:13:52,660 --> 00:13:54,579
really the last few months we have

309
00:13:54,580 --> 00:13:56,439
spent most of our time

310
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and attention on really crafting

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a budget that is designed to

312
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be bold and address the

313
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state's needs. You know, really

314
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building on the legacy

315
00:14:05,860 --> 00:14:07,960
of the universities of Wisconsin,

316
00:14:09,860 --> 00:14:12,029
who's It's been built over

317
00:14:12,030 --> 00:14:13,989
several generations and we

318
00:14:13,990 --> 00:14:16,669
feel very excited about the

319
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difference that we can make to meet

320
00:14:18,290 --> 00:14:19,649
some of the greatest challenges

321
00:14:19,650 --> 00:14:20,650
facing the state.

322
00:14:22,070 --> 00:14:23,689
The things that we're talking about,

323
00:14:23,690 --> 00:14:25,289
the promises that we are making with

324
00:14:25,290 --> 00:14:27,689
this budget process,

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00:14:27,690 --> 00:14:29,609
health care, advancing the

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00:14:29,610 --> 00:14:31,969
Wisconsin economy and

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00:14:31,970 --> 00:14:34,049
addressing affordability,

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we view as bipartisan or nonpartisan

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00:14:36,610 --> 00:14:38,729
issues and we're

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excited to have conversations with

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all the potential

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future governors, potential future

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00:14:44,590 --> 00:14:46,649
senators and representatives over

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the course of the coming months.

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00:14:51,290 --> 00:14:53,169
PBS Wisconsin is somebody here

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00:14:53,170 --> 00:14:54,809
from PBS Wisconsin with a question.

337
00:15:02,460 --> 00:15:04,820
How about a 620 WTMJ?

338
00:15:13,360 --> 00:15:14,479
And Sean,

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00:15:15,500 --> 00:15:16,679
Sean, do you have a question?

340
00:15:20,710 --> 00:15:22,109
Okay, well, thanks, everybody.

341
00:15:22,110 --> 00:15:23,229
I don't know if we'd be able to get

342
00:15:23,230 --> 00:15:24,249
through another round.

343
00:15:24,250 --> 00:15:26,149
So I think we'll

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00:15:26,150 --> 00:15:27,269
end here.

345
00:15:27,270 --> 00:15:29,229
We'll move on to one more round

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00:15:29,230 --> 00:15:30,329
of interviews that we have

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scheduled.

348
00:15:31,330 --> 00:15:32,769
Very much appreciate your time.

349
00:15:32,770 --> 00:15:34,929
We'll be around to ask, answer

350
00:15:34,930 --> 00:15:37,909
follow-ups if you have them.

351
00:15:37,910 --> 00:15:39,499
Thanks everybody.

352
00:15:39,500 --> 00:15:40,359
Thank you so much.

353
00:15:40,360 --> 00:15:41,659
Thank you.

354
00:15:41,660 --> 00:15:42,660
Nice.