<p>QwertyKey, I don’t understand your point. Is a private university a “business with the goal of milking money from wealthy OOers”? Are Cornell, Northwestern and Penn to be compared to the University of Phoenix? </p>
<p>Why should the University of Michigan be two-thirds in-state when the state only accounts for 13% of its operating costs? That’s not service, it is enslaving itself to a bunch of deadbeat, free-loading residents. The state residents should either pay higher taxes or accept that the University of Michigan can only take a limited number of students (1,500-2,000 annually). </p>
<p>Even the math does not add up. Michigan has 17,500 undergrads who are in-state residents. Their subsidy, on average, is $24,000 per student. That’s the tuition differential between full cost and in-state cost. 17,500 X $24,000 is $420,000,000. Michigan receives $310,000,000 from the state. There is a $111,000,000 gap that needs to be accounted for.</p>
<p>Why do you think the school has grown from 21,000 undergrads to 27,000 undergrads over the last 20 years when the state population has barely changed in that same period of time? The relative state contribution to the University’s budget has declined from over 30% to barely over 10%. </p>
<p>Michigan should do the following:</p>
<p>1) Increase the number of OOS and international students from 2,000 per class to 3,000 per class </p>
<p>2) Increase OOS tuition to match that of its peer institutions (Boston College, Cornell, NYU, Northwestern, Penn, USC etc…) from $36,000 to $40,000 or so</p>
<p>3) Decrease the number of in-state students from 4,000 per class to 1,500 per class</p>
<p>4) Keep in-state tuition the same</p>
<p>This would increase funding raised by tuition by 17%</p>
<p>5) Use that 17% increase in funding to meet 100% of demonstrated financial need to ALL students, including international</p>