MADISON, Wis. — Officials at the University of Wisconsin-Madison are proposing to increase tuition for nonresident undergraduate and some professional school students

The plan announced Tuesday would raise nonresident and international undergraduate tuition by $810 and $828 over the next two academic years. Based on current enrollment, the plan would generate about $16 million.

The increase does not apply to Minnesota students.

Chancellor Rebecca Blank says in many cases, UW-Madison tuition falls below its peer institutions. Blank says at least 20 percent of the revenue from tuition increases would funnel back into financial aid initiatives, such as Bucky's Tuition Promise .

The Wisconsin State Journal reports Blank also suggested lawmakers consider "modest" tuition increases for in-state students.

University of Wisconsin System regents will consider the plan at their meeting this week in La Crosse.