Compensation for students and extra pay for junior faculty make up most of cost; Finance Ministry determined to implement Shochat reforms.
Heavy delays expected on the Tel-Aviv - Jerusalem Highway, adjacent roadways; Sides to mull Eini compromise.
University professors set Sunday deadline for settling work stoppage before semester is cancelled.
Close to 350 university students rallied near homes of Tamir, Peres in support of striking professors.
Head of university presidents' committee says the strike could be resolved 'within a few days.'
Committee of university presidents may request court injunctions for striking professors.
Fearful that the exasperated striking university lecturers will go over his head to the prime minister, Finance Minister Roni Bar-On reportedly offered them a 20 percent raise.
Talks to end strike of senior faculty, now in its fifth week, have been at a standstill for over a week.