<p>"the regents approved a 6.7-percent tuition increase for in-state students and a 4.9-percent increase for out-of-state students. The tuition hikes translate to a net increase of $797 for in-state students and $1,781 for out-of state students for next year."</p>
<p>Quite a significant increase for in state students. OOS increase is about the same as last year, so I'm not too surprised.</p>
<p>"the amount of need-based financial aid available will increase by 10.9 percent to $137 million."
sweet! :)</p>
<p>I thought that they would push up to 7% on the increase because that is what they state said they could increase before there would be repercussions.</p>
<p>When it comes to tuition increases, Michigan is full of itself. Their priorities are all wrong. <em>Cough</em> $14 million Hockey Stadium renovations? Why do we need that?</p>
<p>^^^As you know one has nothing to do with other. Actually, with the cost of living rising abrubtly for the first time in many years, this is the year I would have expected a significant rise in tuition rates.</p>
<p>I know, but with such a large endowment, I just don’t understand why they raise tuition as much as they do, but I guess it’s worth the education. It’s still Rick Snyder’s fault. Go Blue!</p>
<p>The sports money is separate from the general fund money. If anything, the sports is supporting the rest of the school because athletic scholarships come out of the sports budget.</p>
<p>Although I totally disagree with Snyder’s cuts to public college education, it is good that he hasn’t been successful in privatizing the University of Michigan.</p>
<p>And us in-state folk shouldn’t complain too much. I mean, we will still pay about half of what out-of-state kids will pay.</p>
<p>“My parents only make 300,000 dollars per year, and so we don’t qualify for financial aid. These hikes really aren’t fair for a middle class family like ours. We may even have to give up our vacation home in Cape Cod so that I can continue going to school here. This is really unfair of the U to be doing this to us—they are really putting us at a disadvantage.”
-Some out-of-state kid. </p>
<p>I didn’t write that, but whoever did, has my respect lol.</p>
<p>I definitely agree with Michigan raising IS tuition more than OOS but I also think that privatization might be needed if there are going to be future budget cuts to the university. The $50,000 price tag is ludicrous. There was a comment made about research that struck me but Law professors are grossly overpaid. Some law lecturers, not professors or associate professors make $500,000 a year. Absolutely ridiculous. That post with the $300,000 was funny to me and ignorant. At the same time it’s true. 200,000 gone. OOS pay taxes as well. Maybe not to the state of Michigan but our wallets are suffering equally so because we don’t qualify for aid from UM.</p>
<p>I’d like to see privatization in the near future too but I don’t think that’s going to happen.
And that kid whose family is making 300k shouldn’t worry too much because come on, 1.7k increase is really nothing to them.</p>
<p>wow damn these law school lecturers get paid so much, it’s sickening. *** do they even do?</p>
<p>The tuition for “lower division” at LSA is $18794 for full term (Fall and Winter). Does that mean if start out in Winter only is half of that? Thanks.</p>
<p>It sounds like that $18,794 is OOS tuition for a semester. A full term is a semester. A half term would the spring or summer terms that go for only 7-8 weeks.</p>
<p>If Michigan goes private, a lot of in-state kids will start looking to MSU and Eastern/Central/Western. The fact that the University of Michigan is public is a major factor in why people want to come to Ann Arbor.</p>
<p>^ we have enough in state kids, who cares about IS when you can get more competitive OOS applicants if Michigan privatizes? There’s been a long discussion on this, I can dig up the threads if you like.</p>
<p>
For in state students of course. I don’t see how it’s a factor for anyone else.</p>
<p>As an in-state prospective student I consider myself lucky that UM is still public the way many of you speak. I would hate to be one of my 7 brothers/sisters younger than me having to apply to a private school in the future. I frankly think its pathetic that UM would want to dissolve its commitment to the people of Michigan. UM is already a top notch school in both undergraduate and graduate programs that rival the ivies in most fields. It is arguably the best public school in the country along with Berkeley, and doesn’t have the financial problem that Berkeley has. I know I’m not even a Wolverine yet and dont know much about this stuff, but I think it would be really sad to force qualified but financially shaky kids in our state to settle for lower tier schools like MSU, GVSU, etc. Especially with the tough economic times our state has been going through for a while, a lot of people like me need UM. Sorry if it sounds like I’m ranting, I just really think privatizing UM would be sad.</p>