This week the University of Michigan Board of Regents approved University of Michigan-Dearborn’s 2013-14 operating budget, which includes a 3.5 percent increase in in-state undergraduate tuition for students at the University of Michigan-Dearborn. The increase is the lowest since the 2004-05 school year.
A typical in-state, full-time undergraduate student with 15 credit hours would pay an average of $5,427 in tuition and fees per semester starting in September 2013. The cost of tuition and fees for graduate students varies by program.
UM-Dearborn has increased its financial aid budget by 10 percent to help offset student cost and help ensure a Michigan education is accessible to students from all socioeconomic backgrounds.
“University of Michigan-Dearborn is committed to providing an excellent education that is accessible to all students,” said Daniel Little, chancellor, University of Michigan-Dearborn. “We continue to redirect operating costs in an effort to support our central priorities while minimizing tuition increases for our students.”
The university again worked in partnership with Governor Rick Snyder and the state legislature to best serve the residents of the state of Michigan. This year, University of Michigan-Dearborn will see an increase in state appropriation of 1.2 percent or $266,400. This follows an increase of 4.2 percent in 2012, plus a tuition restraint bonus of $338,000, and a decrease of 14.7 percent in 2011.
“We value the ongoing partnership we have with the governor and state legislature and the increased support they have provided in these past two years,” Little said. “A commitment to affordable, accessible higher education is important to the future of Michigan.”
UM-Dearborn has saved over $3.4 million in cost containment since 2009. With these cost savings the university has redirected nearly $7.5 million from its operating budget over the past decade to support expenditures of the highest priority—even in the face of rising energy costs, increasing health care costs and the need to invest in new technology. Savings have resulted from building energy conservation measures, increased employee health care contributions, reorganizing existing processes, combining staff in operations areas and streamlining purchasing practices with the Ann Arbor and Flint campuses.
UM-Dearborn has created a website, http://www.umd.umich.edu/rr_about_tuition/, to help students better understand the various factors used in determining tuition rates and resources available such as financial aid and scholarship opportunities.