Concerned about adding costs to student debt, Iowa Board of Regents member Larry McKibben said Thursday he would oppose raising the minimum wage at the University of Iowa. A Johnson County ordinance requires incrementally raising the minimum wage to $10.10 an hour by 2017, reports Radio Iowa. “I will oppose raising the minimum wage to cause higher debt to our students,” McKibben said. Rod Lehnertz, UI senior vice president for finance and operations, said the university isn’t bound by the county’s ordinance, but it would consider market conditions in setting the lowest pay rate. Read more about minimum wages in Iowa on BusinessRecord.com.