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(CBS DETROIT) — The College of Michigan Board of Regents permitted a brand new finances for the upcoming educational 12 months.
In keeping with the college, tuition shall be rising by 3.4% however shall be offset by a 5% improve in monetary assist.
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Officers say 1 in 4 in-state undergraduates is not going to pay tuition as a result of the rise in monetary assist will cowl tuition for many college students.
Most graduate packages will see a 3.9% improve in tuition and costs.
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As well as, the Ann Arbor campus will increase its $15 per hour minimal wage to short-term and pupil workers.
Officers say the final fund finances is a part of a universitywide finances packet together with spending plans for Michigan Drugs, UM-Dearborn, UM-Flint, athletics, Michigan Housing and supplemental pupil charges.
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