Greater financial aid resources and campuswide technology upgrades to support student success highlight the University of Michigan-Dearborn’s fiscal year 2018-19 budget.
The Board of Regents approved the $155 million plan June 21.
The operating budget includes a 15.35 percent increase in funding for existing financial aid programs. The university’s total financial aid investment is more than $18 million for the fiscal year, more than three times what it was a decade ago.
“UM-Dearborn remains committed to aligning our budget with the university’s top priorities: maintaining academic quality, preserving student accessibility through financial aid, and ensuring a fair and productive learning and working environment for our faculty, staff and students,” UM-Dearborn Chancellor Daniel Little said. “I am confident that the budget we presented to the regents today achieves each of these priorities.”
The budget includes support for a new Engineering Lab Building, which broke ground in April, and campuswide technology enhancements, including increased internet speeds, greater outdoor Wi-Fi coverage and upgraded classroom audio-visual technology.
Additional technology and software upgrades also will allow for more streamlined student communications, academic advising and course scheduling.
The budget includes just more than $26 million in state funding, an increase of $649,900, or 2.6 percent. UM-Dearborn received the third highest percentage increase among all 15 state public universities.
Tuition and fees for FY ’19 for a typical in-state, full-time undergraduate student will increase by $458 to $12,930. The 3.7 percent increase falls below the state Legislature’s tuition restraints. The cost of tuition and fees for graduate students varies by program.