U-M, EMU boards to decide 2012-13 budgets, tuition rates this week
The University of Michigan Board of Regents will set next year's tuition, fee and housing rates at its monthly meeting Thursday.
U-M Provost Phil Hanlon
AnnArbor.com
Details on the new rates and budgets won't be unveiled until 3 p.m. Thursday, when regents meet in the Rogel Ballroom in Michigan Union. Tuition rates and budgets for the school's Flint and Dearborn campuses also will be discussed.
Additionally, Eastern Michigan University tuition rates, university budget and athletic department budget will be discussed Tuesday at the school's Board of Regents meeting.
U-M Provost Phil Hanlon said earlier this year that the tuition and fee increase "will be much more moderate" than the 6.7 percent increase in-state students experienced in 2011-12. Non-resident students experienced a 4.9 percent increase.
EMU resident students experienced a 3.6 percent increase. The average increase for in-state tuition at Michigan's 15 public universities last year was 7 percent.
If U-M and EMU want to receive a portion of Michigan's $9 million in tuition restraint state performance funding, they must not increase tuition above 4 percent, according to the 2012-13 state higher education budget.
Overall, tuition and fees for Michigan residents at U-M have increased 14.5 percent in the past four years. Over that time, resident tuition and fee rates have increased 7.6 percent at EMU.
In 2011-12, tuition and fee rates at U-M were $12,634 for residents and $37,782 for non-residents. That year U-M had the second-highest resident tuition rate of any state university; however, 10 state universities, including U-M Flint and U-M Dearborn, implemented tuition increases higher than U-M Ann Arbor's increase. The school's overall 2011-12 net price —including tuition, fees, books, housing and scholarship and grant aid— for first-year residents was $14,074.
Resident tuition and fee rates at EMU in 2011-12 were $8,684 and the overall net price for residents was $12,824 for first-year students.
Housing rates at U-M increased 3 percent last year, rising to $9,468. Over the past four years, housing rates at U-M have increased 10.2 percent.
U-M's 2011-12 general fund budget is roughly $1.59 billion, compared to $1.56 billion in general fund expenditures in 2010-11 and $1.47 billion in expenditures in 2009-2010. The 2011-12 athletic department budget is $121.2 million.
The current fiscal year ends June 30. July 1 marks the beginning of the 2012-13 fiscal year.
Kellie Woodhouse covers higher education for AnnArbor.com. Reach her at kelliewoodhouse@annarbor.com or 734-623-4602 and follow her on twitter.
Comments
Goober
Tue, Jun 19, 2012 : 2:14 p.m.
There will come a day when only the rich and international students will be attending the UofM.
LynOp
Tue, Jun 19, 2012 : 1:17 a.m.
"In 2011-12, tuition and fee rates at U-M were $12,634 for residents" ....".Housing rates at U-M increased 3 percent last year, rising to $9,468." "The school's overall 2011-12 net price —including tuition, fees, books and housing— for first-year residents was $14,074" Is this correct? Seems like it adds up to $22, 102 ...
Goober
Tue, Jun 19, 2012 : 2:16 p.m.
To Kellie, Everyone gets a grant and a scholarship?
Kellie Woodhouse
Tue, Jun 19, 2012 : 2:30 a.m.
The net price figure includes price reduction after grants and scholarships.
Lac Court Orilles
Tue, Jun 19, 2012 : 1:11 a.m.
Why don't the Republican legislators reward Eastern Michigan University for holding the line on tuition increases? Republicans reward businesses with huge tax cuts without any accountability for hiring more employees. Why the double standard?
Lac Court Orilles
Tue, Jun 19, 2012 : 1:04 a.m.
Thank you for the tuition increase Senator Randy Richardville, Representative Mark Ouimet, and Governor Rick Snyder. My income hasn't gone up in three years, so it appears that you think I can continue attending school and live on less and less and less each year. You guys are real nice!
jpud
Tue, Jun 19, 2012 : 12:25 a.m.
so the brain drain from Michigan continues unabated..... How about announcing a dynamic new fundraising effort geared at keeping tuition down while recruiting and retaining the best faculty in the world?
leaguebus
Tue, Jun 19, 2012 : 12:24 a.m.
EMU's state appropriations have gone from $78 M to $64M in three years, with a combined 7.5% percent tuition increase over the three years, 2.5% average per year. It is amazing that they have kept tuition so low. Kudos to EMU
G-Man
Mon, Jun 18, 2012 : 9:32 p.m.
I suspect they'll announce they will lower tuition and cut expenses to help keep the costs down! It sure costs a lot these days to be taught how to become a liberal........
greg, too
Mon, Jun 18, 2012 : 11:28 p.m.
Yep, it does cost a lot to teach kids how to read and write and be useful members of society. I guess we could just take the conservative route and slap a bible in front of them, smack the snot out of them when they misbehave, and teach them how to rape and pillage the economy and outsource jobs. Much cheaper, but not quite as useful to society. EMU, cut the football team. Money problems solved. They aren't very good anyway and you can sell the land and maybe make a profit and actually lower tuition.
Geoff Larcom
Mon, Jun 18, 2012 : 8:03 p.m.
For the past three years, Eastern's tuition and fee increases have been 3.8 percent, 0 percent and 3.65 percent this past year, for an average of 2.5 percent. That 3-year average is the lowest among Michigan's 15 public universities. Note: Geoff Larcom is executive director of media relations at Eastern Michigan University.
catfishrisin
Tue, Jun 19, 2012 : 2:01 p.m.
Let's see how well the administration treats its employees during negotiations before bragging about being low with tution increases. Except for the athletic department employees, we all know they are treated well.
nekm1
Mon, Jun 18, 2012 : 7:14 p.m.
How about the University build one less new building next year, and match the 401k's only up to 3% of salaries, and give the difference to in-state students! Think of the headlines that U of M has dropped tuition costs by 5-10% for a year. Think of the children!
Goober
Tue, Jun 19, 2012 : 2:11 p.m.
Good idea, nekm1. Maybe Mary Sue will agree to pass on another increase too.
jpud
Tue, Jun 19, 2012 : 12:30 a.m.
What a dumb idea to compensate for declining state funding by cutting benefits, an exceptional regional school education is readily available at GVSU, WCC and others if that is what you seek. There is no need to drive internationally ranked faculty and staff out of UM in order to create another regional University. Michigan has many exceptional regional Universities already. Think of the consequences of dismantiling one of the highest ranked Universities in the world to pleasure someone who could careless about quality!