GVSU tuition going up
Jul 21, 2015 at 12:53 PM
Trustees at the Allendale-based school approved the 3.73 percent hike Friday in the 2014 fiscal year budget. The increase brings annual tuition for full-time, in-state undergraduates to $10,454.
Officials said the increase is one of the school's smallest during the past 20 years and keeps GVSU's tuition in the lower half of Michigan universities. Tuition went up last year by 3.7 percent.
State support is down $11 million. GVSU is receiving $503 less per student from the state than it received five years ago.
The school is expected to receive state funding of $55.4 million, plus a one-time state grant of $2.3 million.
Meanwhile, Northern Michigan University's trustees have boosted tuition and fees by 3.75 percent for the 2013-14 academic year. The school's board also approved the increase on Friday.
The annual cost for full-time resident undergraduates will be $9,094. That's up $328 from last year's rate of $8,766.
Vice President for Finance Gavin Leach said the university in Marquette also would increase financial aid by 6.6 percent, which will offset about one-third of the bump.