University of Iowa sets aside $4.8 million to increase faculty salaries next year

University of Iowa leaders announced this week that they plan to set aside nearly $5 million next year to increase salary for faculty members across campus.

The announcement comes as university officials are figuring out how to absorb a second year of cuts in state funding and are preparing a five-year strategy for tuition increases. The Iowa Board of Regents earlier this month approved tuition hikes at all three of Iowa's public universities.

Throughout his 19 months as UI president, Bruce Harreld has called for faculty vitality programs that would help raise the average of full-time tenure-track faculty to 95 percent of the median of the university’s peer group.

The $4,845,833 being devoted to raising faculty pay, UI officials said, will help to close the gap. The amount represents about 29 percent of the $16.5 million the newly approved tuition rates are expected to provide UI.

Read more: http://www.desmoinesregister.com/story/news/education/2017/06/23/ui-sets-aside-4-8-million-increase-faculty-salaries-next-year/424433001/