Posted on Thu, Jun 21, 2012 : 5:06 p.m.
By the numbers: Tuition and budget changes at University of Michigan
By Kellie Woodhouse
University of Michigan Campus
The cost of resident tuition and fees at the University of Michigan is edging $13,000 after the school's governing board Thursday approved a 2.8 percent increase for the coming academic year.
Below is a look at how U-M tuition, budget, financial aid and state appropriations have changed over the past 10 to six years.
In-state tuition and fees at U-M
- 2012-13: $12,994; 2.8 percent increase
- 2011-12: $12,634; 6.7 percent increase
- 2010-11: $11,837; 1.5 percent increase
- 2009-10: $11,659; 5.64 percent increase;
- 2008-09: $11,037; 5.65 percent increase
- 2007-08: $10,447; 7.45 percent increase
- 2006-07: $9,723; 5.54 percent increase
- 2005-06: $9,213; 12.34 percent increase
- 2004-05: $8,201; 2.84 percent increase
- 2003-04: $7,975; 5.65 percent increase
** Note that tuition figures provided account for freshmen and sophomore rates, which are lower than upperclassmen rates.
State higher education appropriations awarded to U-M
- 2012-13: $273.1 million
- 2011-12: $268.8 million
- 2010-11: $316.3 million
- 2009:10: $325,3 million
- 2008-09: $326.7 million
- 2007-08: $323.4 million
U-M General Fund Budget
- 2012-13: $1.65 billion, 3.91 percent increase
- 2011-12: $1.59 billion; 2.18 percent increase
- 2010-11: $1.55 billion; 6.75 percent increase
- 2009-10: $1.46 billion; 3.28 percent increase
- 2008-09: $1.41 billion; 4.54 percent increase
- 2007-08: $1.35 billion; 4.06 percent increase
U-M centrally-awarded financial aid
- 2012-13: $144.8 million
- 2011-12: $134.3 million
- 2010-11: $126.1 million
- 2009-10: $117.8 million
- 2008-09: $107.6 million
- 2007-08: $99.1 million
Comments
nutfarm
Fri, Jun 22, 2012 : 10:33 p.m.
I'm sick & tired of hearing how the U of M has to raise tuition & then spend more & more on renovations every year. Why do the people of MI. have to support a Public Institution when they have kind of money. The so called State higher education appropriations should be cut along with the administrators pay.
blue85
Fri, Mar 1, 2013 : 1:08 a.m.
The money spent on renovations is being spent on buildings with a 30 or 40 year useful life, but which have not been renovated in 50 to 75 years. You can't expect to draw students or researchers into an environment which is badly rundown when they can go elsewhere and enjoy better amenities and better research facilities.
Sparty
Fri, Jun 22, 2012 : 9:31 p.m.
MSU tuition to go up by 3.5% .... looks like UM is holding the line.
Carole
Fri, Jun 22, 2012 : 11:44 a.m.
Need the increases to pay for all the "over-paid" administrators just like the school system. It is totally unfortunate for those who wish to attend. When everything else is at a standstill or reduced, maybe UM should take another look at where they can cut.
blue85
Fri, Mar 1, 2013 : 1:06 a.m.
You should consider reading the university almanac: administration over the last 10 years is growing at .7%, while research, (students and faculty both) and buildings are growing at a much faster rate. The U is doing more work with fewer people.
MRunner73
Thu, Jun 21, 2012 : 9:39 p.m.
Very good breakdown. WOW! How about that increase just since 2003-2004? Who'd have thought that 9 years ago.