State funding for Michigan’s 15 public universities will increase by 2 percent under a fiscal year 2019 budget the state Legislature approved Tuesday.
The increase will bring total operating funds for state universities to more than $1.5 billion in fiscal year beginning Oct. 1. The budget now goes to Gov. Rick Snyder to sign.
The University of Michigan will launch a new financial aid program for in-state students that offers a "Go Blue Guarantee" of free tuition for up to four years for students with family income of up to $65,000.
The University of Michigan will invest in strategic academic programs and initiatives that enhance the student experience, while maintaining its focus on affordability with the fiscal year 2016 general fund budget approved Thursday.
The UM-Dearborn operating budget for fiscal year 2016 includes a 5.3 percent increase in the financial aid, investments in building and facility updates, and allocations to address enrollment growth areas. The budget was approved June 18 by the Board of Regents.
Investing in the student experience and providing access to education is the focus of the fiscal year 2016 UM-Flint budget approved Thursday by the Board of Regents.