<p>“If Michigan is so desperate for money, why did they just spend $108M for the Pfizer lab (UM pulls of great deal). That’s equivalent to about 3,375 OOS tuition.”</p>
<p>Because that’s ridiculously cheap for what we’re getting, and it costs a hell of a lot less to move into existing facilities than it does to build new ones.</p>
<p>I don’t think this is some kind of quick desperate cash-grab. It’s probably a more calculated effort to increase the percentage of OOS students in the long run, which will not only increase yearly cash flow but also improve our reputation nationally/in the rankings. There’s also a chance that they’re expecting a stronger than average in-state class this year, since top students from Michigan are going to be more likely to take the in-state tuition as opposed to going to private schools given the current economic situation.</p>