The University of Michigan’s Board of Regents set the 2013-2014 tuition price yesterday afternoon -
- a 1.1% increase for in-state students, and a 3.2% increase for out of state students
And Michigan State University's regents set their increase this morning -
- a 2.8% tuition rate increase
The two joined six other state universities in the state that have set their sticker prices for the coming academic year.
This year, regents for all the public universities in Michigan will be seeing a slight increase in state funding.
In a recently passed higher education budget, the state’s legislators afforded $31.1 million towards Michigan’s public colleges and universities — a 1.8% increase from 2012.
Still, in the face of a continued decrease in higher education funding (Gov. Rick Snyder’s 2011 budget called for a 15% decrease in state appropriations to colleges), balancing affordable tuition and sufficient revenue is more and more challenging for universities.
As AnnArbor.com’s Kellie Woodhouse reports, many state universities are relying on increasing out-of-state tuition prices to make up for decreasing state funds.
“In past years tuition increases for out-of-state students have been larger than increases for in-state students. Despite the increase in non-resident tuition, the number of applications from out-of-state continues to grow.”
Raising out-of-state tuition prices helps administrators avoid penalties from the state. If regents approve tuition rises that exceed a threshold set by legislators — this year it’s 3.75%— the school would lose some funding from the state.
Here’s a list of the public schools in Michigan that have already set tuition (courtesy of The Detroit News):
- Eastern Michigan University, 3.75%
- Saginaw Valley State University, 3.7%
- Western Michigan University, 3.57%
- Michigan Technological University, 2.9%
- Ferris State University, 2.24%
- Central Michigan University, 2.47%
- Melanie Kruvelis, Michigan Radio Newsroom
