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For the first time in at least 30 years, students at Eastern Michigan University will start school next year with no increases to tuition, room or board.
At their meeting Tuesday afternoon, the EMU Board of Regents unanimously passed three resolutions to adopt a $280.9 million budget for fiscal year 2010-2011 that keeps university housing, dining, tuition and fee costs at the same level as this year.
Regent Philip Incarnati was absent from the meeting.
Despite budgeting for a 3.1 percent decrease in revenue from the state, the budget is balanced by assuming a 3.4 percent increase in enrollment next year and cost-savings measures throughout the institution.
The budgeted enrollment increase would lead to a $5.9 million boost to revenue for EMU.
“This recommendation is a risk to our bottom line and credit rating at a time of declining state support,” University President Susan Martin said in her address to the regents Tuesday, “but a risk we must take to serve the public at this important time in the State’s future.”
The cost of tuition and fees is estimated at $8,377 a year for a full-time undergraduate student taking 15 credit-hours a semester. This does not include housing, food or book costs.
“Economic conditions faced by Michigan students and their families are challenging—the worst I’ve seen in my lifetime in Michigan,” Martin said. “This is the right recommendation, at the right time for EMU, for Michigan taxpayers and citizens.”
EMU saw a 5 percent increase in enrollment for the first time in six years this academic year. This lead to a $5 million budget surplus that will be rolled into next year's budget. Despite the history of declining enrollment, Martin said she and her administration are confident the recent increases will hold and continue into next year.
To help ensure the increase, the budget calls for a $1.4 million increase to financial aid, bringing the total in aid to $30.4 million. The university has increased financial aid by 42 percent, or $ 9 million, in the past three years.
“I'm very proud of Eastern for this,” Student Body President-elect Antonio Cosme said during a press conference held after the regents' meeting Tuesday.
“It's difficult to want to be a student and even stay in Michigan with this kind of economic climate,”
Cosme said. “I hope it's going to set a new precedent among universities to follow suite and maintain low tuition.”
Last year, EMU had the lowest tuition increase among the other 15 public universities in Michigan, at 3.8 percent.
Despite trying to keep tuition increases down, the university is still moving forward to multi-million dollar capital improvement projects to the university's most-used academic buildings thanks to funding from the state legislature and a 4 percent fee added to tuition by the regents in 2005.
A $42 million renovation project on EMU's largest classroom building, Pray-Harrold, is about to begin. Built in 1967, the building has not had any major modernization work since its construction. The work is being funded mostly through $31.5 million in state appropriations.
Ground broke on the Mark-Jefferson Science Complex expansion in Nov. 2008 and is continuing now. The self-funded $90 million project is the largest in university history.
Martin said she did not expect the impact these projects will have on the university, such as finding office and classroom space throughout campus, to negatively affect enrollment.
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Large projects in EMU's future