The University of Michigan Board of Regents Thursday approved a budget that will increase financial aid enough to cover the full rise in the cost of attendance for the typical Michigan resident student with financial need — and reduce the student’s loan burden.
At a special meeting Thursday, Michigan Technological University’s Board of Control approved a general fund budget of $165.5 million for fiscal year 2013, which starts this July 1. Included was a 3.9 percent tuition increase for Michigan resident undergraduates, less than the state’s 4 percent cap.
Eastern Michigan University’s Board of Regents Tuesday approved a tuition and mandatory fees increase of 3.95 percent for fall 2012 as part of the 2013 fiscal year budget.
Saginaw Valley State University’s board has approved a 3.9 percent tuition increase for in-state undergraduates.
Michigan State University is under fire at the state capital over a recent tuition hike. Lawmakers want to know did the school violate the governor’s proposal to keep tuition increases at or below 7 percent.