University of Michigan-Dearborn has announced tuition for the 2013-2014 school year will be increasing 3.5%. The University of Michigan Board of Regents approved this raise Thursday, June 20. A 1.1% tuition increase was also instated for the Ann Arbor campus.
Students will pay approximately $186 more per semester because of the changing tuition prices, although this is the lowest percentage increase since the 2004-2005 academic year. The university will be increasing the financial aid budget by 10% to answer the rise in tuition.
“It is always a difficult decision to raise tuition, and we are working to help minimize any tuition increase we pass along to our students,” Vice Chancellor Stanley E. Henderson said in an email sent Thursday to the student body.
According to umd.umich.edu’s link to tuition information, this increase will help maintain the facilities and academic programs on campus.
For more information on the increase visit umd.umich.edu/tuition2013.