UM Raises Tuition 2.8% In 2012-13
ANN ARBOR (WWJ/AP) - The University of Michigan plans to raise in-state undergraduate tuition and fees 2.8 percent next year.
The Ann Arbor school's decision brings the tab to nearly $13,000 for most freshmen and sophomores. The increase adds $360 per year for most students.
Tuition for non-residents also will increase, rising by 3.5 percent and reaching more than $39,000. It adds $1,340 per year for most out-of-state students. Tuition for graduate students is set to rise an average of 3 percent.
The increases, passed in a 5-3 vote by the Board of Regents on Thursday, is the university's second-lowest tuition increase in a decade, according to Ann Arbor.com.
"While we certainly appreciate this increase, it also is important to note that this modest increase comes after a decade of significant cuts in state funding," said Provost Phil Hanlon, the university's chief academic and chief budget officer, in a media release.
University officials calculate that over the course of 11 years, state appropriations to the school have dropped by $178 million. That's after adjusting for inflation.
Separately, regents approved a 3 percent increase in residence hall room-and-board rates. The plan includes a 1 percent increase to partially offset projected cost increases and a 2 percent increase to continue funding for major renovations of housing facilities.
Michigan State University is also expected to announce a tuition increase -- slightly steeped than UM's. That's according to WWJ Lansing Bureau Chief Tim Skubick who said, if approved by the board of trustees this Friday , the under-4-percent tuition increase would cost the average student heading to MSU about an additional $500 a year.
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