According to a 2013 College Board report, full-time workers with a bachelor’s degree earn an average of $21,000 more annually than those who have no education beyond high school.
Wayne State officials said the aim of the 30 percent tuition break is to help students graduate faster.
Gov. Rick Snyder said the new tuition benefit is a “key way” to give back to military members.
The East Lansing school’s Board of Trustees on Friday approved matching last year’s increase.
Tuition would decrease for some military veterans who attend Michigan public universities and community colleges under legislation that overwhelmingly passed the state House Wednesday.
The “pay it forward” legislation would give graduates free college tuition if they give 4 percent of future earnings to the state for 20 years.
Eastern Michigan University plans to allow students living in the U.S. without legal permission to qualify for in-state tuition starting with the fall semester of 2014.
Oakland University has decided to raise tuition by nearly three percent for the next school year.
The school’s board of trustees voted this week to raise tuition 1.96 percent, adding $7 to the cost of each credit hour.
After what university leaders have sometimes called a “decade of disinvestment,” Michigan’s public universities are poised to get a rare increase in state funding next fiscal year – and it could bring some tuition relief for students.