The Eastern Michigan University Board of Regents approved
a University budget of $262.7 million
with a 7.7 percent increase in tuition and fees for fiscal
year 2008-09. Of that increase, 6.8 percent is designated
for operations and 0.9 percent to reinvest in building
improvements. The Regents also approved housing and dining
rate increases averaging 5.15 percent for 2008-2009, and
reinvested in students with $23.6 million in student financial
aid, an increase of 10.3 percent compared with the previous
fiscal year.
Budget summary
In-state (and Ohio) tuition and fees: $8,069
Out-of-state
tuition and fees: $21,464
Financial aid: $23.6
million
Increase for campus building improvements:
$1.5 million. |
“EMU believes in reinvestment in Michigan through
our talent base that we provide that will rebuild Michigan’s
economy and future. Our students come from Michigan, graduate
and stay in Michigan. An investment in EMU is an investment
in Michigan’s future. This is why we felt it was
extremely important to increase student financial aid,
especially in this economic environment,” said Susan
Martin, president of Eastern Michigan University. “We’re
pleased that we will be able to offer a 10-percent increase
or nearly $24 million in financial aid for our students.”
The $262.7 million budget represents an increase of $9.6
million (3.8 percent) and reflects a 1-percent increase
in state appropriations. This year’s budget was developed
with input from the EMU Budget Council, a 28-member group
made up of representatives from faculty and staff.
In-state undergraduate students will pay an additional
$579 for tuition and fees, bringing the annual cost of
tuition and fees at EMU to $8,069. Eastern Michigan remains
an excellent educational value offering students a first-class
education at costs below most of Michigan’s
15 state universities, Martin said.
The tuition increase designated for building improvements
will generate $1.5 million annually in additional funding.
“A
similar capital funding earmark was adopted by the Regents
in the 2006 fiscal year,” Martin said. “Together,
the two dedicated revenue streams will provide critical
funding to significantly improve the University’s
educational facilities that require reinvestment, so we
can launch a well-tooled generation of Michigan leaders
and workforce to build Michigan’s future.”
For more detailed information on tuition and fees, go
to http://www.emich.edu/controller/sbs/tuitionfeesoutline.html.
For more information about room and board rates, go to http://www.emich.edu/housing/rates.
