MADISON, WI (WTAQ) - For the first time, Wisconsin college students would pay over $10,000 a year to attend UW-Madison under a tuition and fee hike announced Monday.

University System President Kevin Reilly unveiled a 5.5 percent tuition hike for in-state students at all 13 four-year campuses. The amount has been the same for the last six years.

The Board of Regents will act on the increases Thursday.

Resident students would pay $431 more per year at the flagship Madison campus, bringing the total to almost $10,400 next year. That includes the expected final year of a $250 annual surcharge approved in 2009.

Tuition at UW-Milwaukee would rise $422 to almost $9,200 a year. Increases of $328 are planned at the other four-year schools. And for the second straight year, tuition would go up at the two-year UW colleges, rising $247 on average.

UW officials say the tuition hikes will only cover a-third of the total amount of state funding that was cut in the current state budget. The university lost around $250 million in the two-year package, plus another $46 million this year.