This brings the annual tuition to $10,078.
The tuition hike was announced Friday after the Board of Trustees approved the university’s fiscal year 2013 budget.
University leaders cited research showing that GVSU has held changes in its operating costs to the rate of inflation for the past 20 years, and that it has reduced the cost of producing a degree by 14 percent in the past decade.
The reality, the university stated in a news release, is that state support in the past 20 years has diminished from two-thirds of GVSU’s revenue to just 17 percent of revenue. State aid was cut by 15 percent last year.
The university is expected to receive state funding of $52.6 million plus a one-time state grant of $2.8 million. The entire state allocation will be used for student financial aid, debt service, capital maintenance and utilities for classroom buildings.
“Grand Valley has the lowest per-student funding in the state and nearly the lowest in the nation,” President Thomas Haas said. “The challenge is clear. We are increasing financial aid beyond the increase in tuition and we’re keeping our tuition rate below the state average for public universities.”
GVSU Board Chairwoman Shelley Padnos said the trustees approved the budget, keeping in mind access and affordability for students.
“We have to maintain the quality the state needs from Grand Valley to produce the strong graduates who are having a real hand in leading us to a more prosperous time,” Padnos said.