The University of Michigan-Dearborn will continue to invest in providing access to a high-quality higher education experience for students throughout southeast Michigan and beyond, as reflected in its fiscal year 2018 operating budget.
The Board of Regents approved the budget June 15.
The $149 million budget includes an increase of 7.3 percent in overall existing financial aid programs and a 9.4 percent increase in financial aid for Michigan residents. The university’s total financial aid investment is more than $16 million for the fiscal year, nearly three times what it was a decade ago.
The budget also will fund new faculty positions in the College of Engineering and Computer Science to support current enrollment growth, new academic programming in the College of Business and CECS, and additional support for the UM-Dearborn athletic program.
The university will provide significant facilities investments — including preparations for the new Engineering Lab Building and updates to the Fairlane Center — as well as continued investment in campus infrastructure upgrades and maintenance into the future.
The approved budget includes $25.4 million expected from state funding, an increase of just more than $618,000, or 2.5 percent.
“We are grateful for continuing support from the state in our important work of providing an excellent education to our students,” said UM-Dearborn Chancellor Daniel Little.
He noted that the university has redirected nearly $7 million from its operating budget over the past decade to support its highest priorities and continues to look for cost-saving measures.
“Our graduates contribute greatly to the economic and civic success of our region, and the university’s continuing success would not be possible without support from the people of the state of Michigan,” Little said.
Regents approved a 3.7 percent increase to resident undergraduate and graduate tuition — which falls below the state Legislature’s tuition restraints — and a 1.8 percent increase to non-resident tuition.
Tuition and fees for a typical in-state, full-time undergraduate student will increase by $220 per semester to $6,236, based on 15 credit hours. The cost of tuition and fees for graduate students varies by program.