EMU Board of Regents increases tuition, creates classroom improvement fund
YPSILANTI - The Eastern Michigan University Board of Regents today voted to increase tuition and fees 9.5 percent. Due to EMU’s highly rated A2 bond rating, the Board agreed to a bond issue. The bonds will be used for improvements to classroom, laboratories and instructional facilities. The repayment of this bond issue will require an additional four percent tuition increase, bringing the total effective increase to 13.5 percent.
To help offset the effects of the tuition and fees increase, the University has increased the amount of University-funded financial aid available to its students this fiscal year by $1.7 million. Since 2002, the University has continuously increased the amount of University-funded aid. In 2002 EMU awarded $11.7 million in institutional financial aid. This fiscal year, Eastern Michigan University will award more than $17.1 million of institutional aid, an increase of more than 46 percent.
“At EMU it is always important to provide a quality education at an affordable price. We take great pride in the fact that Kaplan's Guide rates EMU as “a best value for your educational dollar,” said Karen Q. Valvo, chairwoman of the Board of Regents.
John A. Fallon, III, president of EMU said he is thankful for the Board’s action, “This bond issue will allow the University to implement its strategic vision of improving the student learning experience by providing outstanding classroom, laboratories and academic facilities.”
With the increase, a typical resident undergraduate student will pay $6,540 for 30 credit hours, or about $778 more than last fall. A resident graduate student will pay $8,717 annually, or about $1,036 more than last fall. Doctoral students will see an increase of $48.50 per credit hour. Mandatory fees remained unchanged except for a previously scheduled 75 cent per credit hour increase for the student center fee.
Even with the increase, Eastern Michigan University will remain affordable, and will continue to rank in the lower third of the state universities in terms of cost, Fallon said.
“In this era of economic reality, Eastern Michigan University has taken creative steps to help meet the needs of its students. However, in order to be fully successful, EMU like all other public institutions, must partner with the state to find long-term solutions to higher education funding issues,” Valvo said.
Eastern Michigan University is a public, comprehensive university that offers programs in the arts, sciences and professions. EMU prepares students with the intellectual skills and practical experiences to succeed in their careers and lives, and to be better citizens.
Eastern Michigan University is a public, comprehensive university that offers programs in the arts, sciences and professions. EMU prepares students with the intellectual skills and practical experiences to succeed in their career and lives, and to be better citizens.
Editor's Note: Looking for an expert source for a story? Check out EMU's Eastern Experts online at www.emich.edu/univcomm/easternexperts.