Post by Logan on Feb 7, 2017 21:10:55 GMT -6
If Michigan's universities want to get the full increase in state funding Gov. Rick Snyder will propose in his budget, they will have to keep tuition increases under 3.8% or $475 per student, according to documents shared with the Free Press. If they go over that cap, universities would lose their performance funding.
Snyder is recommending an overall increase of 2.5% in funding for higher ed. Half of that increase for each university is guaranteed. The other half is doled out according to performance measures, like graduation rates.
That means some schools – like Wayne State University and Lake Superior State University will get smaller than 2.5% increases while other schools, like Grand Valley State University and Oakland University will see larger than 2.5% increases.
"We have worked diligently each year to increase appropriations for higher education, and I'm proud to now propose an increase that will fully restore higher education funding to previous levels," Snyder said in a statement. "As a state, we need to continue to invest in higher education to develop the talent that will fill the jobs of Michigan's future."
Read more: www.lansingstatejournal.com/story/news/local/michigan/2017/02/07/gov-rick-snyder-recommends-increase-michigan-universities/97584618/
Snyder is recommending an overall increase of 2.5% in funding for higher ed. Half of that increase for each university is guaranteed. The other half is doled out according to performance measures, like graduation rates.
That means some schools – like Wayne State University and Lake Superior State University will get smaller than 2.5% increases while other schools, like Grand Valley State University and Oakland University will see larger than 2.5% increases.
"We have worked diligently each year to increase appropriations for higher education, and I'm proud to now propose an increase that will fully restore higher education funding to previous levels," Snyder said in a statement. "As a state, we need to continue to invest in higher education to develop the talent that will fill the jobs of Michigan's future."
Read more: www.lansingstatejournal.com/story/news/local/michigan/2017/02/07/gov-rick-snyder-recommends-increase-michigan-universities/97584618/