2005-06 Tuition

<p>This is somewhat dated, but I post because I believe it is newsworthy:
<a href="http://www.umich.edu/news/index.html?Releases/2005/Jul05/r072105%5B/url%5D"&gt;http://www.umich.edu/news/index.html?Releases/2005/Jul05/r072105&lt;/a>
<a href="http://www.michigandaily.com/vnews/display.v/ART/2005/07/21/42e008f8c8262?in_archive=1%5B/url%5D"&gt;http://www.michigandaily.com/vnews/display.v/ART/2005/07/21/42e008f8c8262?in_archive=1&lt;/a>
This marks the first time (long overdue imho) in at least a decade (and I suspect longer, but data not available) that UM has decoupled the in-state and out-of-state percentage increases. Pres. Coleman notes
<a href="http://www.umich.edu/%7Efinops/FormsReports/Reports/2004/um_2004_financial_report.pdf%5B/url%5D"&gt;http://www.umich.edu/~finops/FormsReports/Reports/2004/um_2004_financial_report.pdf&lt;/a>
that state funding has dropped from 2/3 of the cost of education to less than 1/3, and yet from 1995 - 2004, in-state tuition (ex fees) held steady at e.g. ~29% (LSA lower) & ~31% (LSA upper) of out-of-state tuition.</p>

<p>Michigan has long reigned as the most expensive public out-of-state, but appears to be running out of room to milk that cash cow. From 1999 - 2005, LSA upper T&F rose from 86.6% to 92% of Harvard's, and is now a huge premium over other elite publics such as UVA, UNC, UIUC, including a remarkable 45% over UW-Madison!</p>

<p>The extent to which the general populace of the state of Michigan should fund the education of students from affluent families will make for interesting socio-economic discourse, but Provost Courant has hinted at a move akin to a progressive tax system:
<a href="http://www.michigandaily.com/vnews/display.v/ART/2005/07/25/42e4d9db8996d?in_archive=1%5B/url%5D"&gt;http://www.michigandaily.com/vnews/display.v/ART/2005/07/25/42e4d9db8996d?in_archive=1&lt;/a&gt;&lt;/p>

<p>I would look for the trend to continue. After all, in-state tuition at 50% of out-of-state would still represent a tremendous educational value.</p>

<p>Oh man, looks like I'll have to give my left knee cap in addition to my lower left leg for college tuition...yea!</p>

<p>baaah...tuition for out of state is now 27,601 instead of 25 something! and instate is 9 something instead of 7? you know I think it's gonna get to a time when people will decide to no longer go to college. Who the hell is gonna fork out like 60 grand in the future to go to school?? even the rich guys would be ****ed.</p>

<p>To the contrary, more people are going to college now than ever. It's just that people have to live with a tremendous amount of debt for several years. =&lt;/p>

<p>I really think that of the state of Michigan keeps cutting the university's budget, then the university should start increasing their percentage of out-of-state students to make up for it rather than raising tuition for all.</p>

<p>yea but what if it get's to a day and age when it cost's like $80,000 to go to college for 1 yr? Hell I'm becoming a doctor and I think that's ridiculous.</p>

<p>and I was thinking of that idea 2 earlier this day, ha! lol great minds think alike...or maybe not i dunno lol</p>

<p>you made the comment about 45% over UW-Madison. That's why I didn't go to Michigan. Simply I couldn't afford the extra 7-10K (varies on my expenses) a year. But the thing is... as it stands now, people ARE willing to pay it. Michigan seems to have little trouble finding kids to apply.</p>

<p>Bianchi, the reason Michigan is so expensive is because its peers are charging 15%-25% more. Michigan's peers are schools like Cornell, Penn, Northwestern etc... Personally, I think Michigan should just become a private university and charge as much as other private universities. Even mediocre private universities charge more than Michigan.</p>

<p>yea, should be private</p>

<p>UW-M is just slightly less prestigious. So it's not like it's michigan do or die</p>

<p>I agree Celebrian. Given the choice between attending Michigan for $35,000/year and Wisconsin for $15,000, I would think Wisconsin is the way to go, unless that student's parents are loaded. Michigan and Wisconsin are practically peer universities and spending $80,000 more to attend Michigan makes no sense. However, for out-of-staters, Michigan costs $35,000 and Wisconsin costs $26,000. I would say at that point, Michigan is worth choosing over Wisconsin, if the student's preference is Michigan.</p>

<p>I totally agree. Of course, that 9k, can be quite a lot to dig up for out-of-staters, so it all depends on what works for you</p>

<p>Alexandre,</p>

<p>No US university or college is 25% more. Again using Harvard as a proxy for privates (some are less, some more, but they all mysteriously end up within a few $100's of each other):
H LSA(U)
T&F: 32,097 29,540 8.66%
R&B: 9,578 7,374
41,675 36,913 12.90%</p>

<p>I won't argue the point that the privates you mention are regarded as peers, but the publics I listed are also peers, and more comparable in overall collegiate experience.</p>

<p>My point, that I think others grasped, is that there is little room to raise out-of-state tuition, and budget shortfalls will have to be addressed by continuing to raise in-state tuition relative to out-of-state.</p>

<p>In general, if you live in Cali, Wisconsin, Virginia, NC, Illinois, you don't have to go for another state's public school unless money really doesn't matter.</p>

<p>Alexandre- you would spend 40,000 dollars more to go to Michigan over a peer institution? Michigan State to Michigan is one thing, but I chose madison because 40,000 (it's actually 37K saved in 4 years) is a HUGE sum of money.</p>

<p>Also, about michigan privitizing, what about the ideals of public education? That public schools are meant to serve the people and strive to educate the next generation of Michigan workers, not intended to be a private institution.</p>

<p>Transfer, I would personally pick Michigan over Wisconsin. $37,000 is indeed a lot of money, but it is not enough to sway me personally. But my decision would not be based entirely on academics and prestige. I happen to prefer Ann Arbor to Madison (Madison is awesome too mind you) and Michigan's culture to Wisconsin's. </p>

<p>As for the ideals of public education, I personally don't think it matters at this stage. Students can always go to Eastern Michigan or Western Michigan or Michigan States. Right now, Michigan is being ripped off by the state. 65% of Michigan undergrads are in-state although less than 15% of Michigan's operating budget comes from the state. I think Michigan should remain public in that it should continue to give in-staters a discounted rate, but the discounted rate should not be so low (I would say half, not one third of out-of-state tuition). Furthermore, I think that Michigan should limit the in-state population to a more reasonable nunmer. I think 20%-25% of undergrads is more than fair and sufficient.</p>

<p>Redhare, I would add Michigan and Texas to your list of states.</p>

<p>I agree Alexandre. Being a MN resident, I could have gone to Wisconsin for fairly cheap. However, to me the schools weren't even comparable. Michigan blew me away on my visits, and Wisconsin left me with a lot to be desired.</p>

<p>
[quote]
I agree Alexandre. Being a MN resident, I could have gone to Wisconsin for fairly cheap. However, to me the schools weren't even comparable. Michigan blew me away on my visits, and Wisconsin left me with a lot to be desired.

[/quote]
</p>

<p>Hmmmm, I wasn't impressed with my visit to Michigan, and i've been living in the city for 17 years.</p>

<p>A2Wolves, I think your having lived in Ann Arbor your entire life may have something to do with your not being impressed with the city and campus. You probably saw more of the city and campus by now than most Michigan students will in their 4 years at the University. But of all the schools I visited, Michigan impressed me the most. It wasn't the prettiest mind you. I thought Cornell and Duke were prettier and Chicago and Penn weren't bad either. But in terms of atmosphere, school spirit, layout etc..., I personally found the University of Michigan to be magical. But then again, it is my personal opinion. No university is perfect, but, overall, no university is better or more complete than Michigan.</p>

<p>I'll agree with what Alexandre says about how living in the area of a nearby University affects your perception of it. I personally dislike NYC because of the overcrowdedness, grumpy people and for a few other reasons. That was a major reason why I opted to not apply to NYU and Columbia (wouldn't have gotten in anyway). I also felt that my other two main choices did not offer as complete a college experience that Michigan does (Cornell, and McGill). So right on Alexandre! (You owe me a sheesha when I go to Dubai!)</p>