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Mon September 17, 2012
Top five Michigan colleges in 'tuition restraint,' all 15 receive the bonus
Gov. Rick Snyder and Republicans in the legislature made significant cuts to the state's public university system when they first came into office.
As part of the cuts, they set up bonus payments to schools if they met certain performance measures, and if they kept their tuition increases in check.
Earlier this month, the State House Fiscal Agency released a breakdown of how much each school will get in bonus payments.
All 15 public universities kept their tuition increases at or below 4 percent, so all 15 schools will receive a 'tuition restraint' bonus payment.
This fiscal year, the pot for 'tuition restraint' bonus money is set at $9.1 million for all 15 universities.
Central Michigan will receive the biggest payment. From the Detroit Free Press:
Central Michigan University's decision to keep its tuition rate increase for this school year lower than that of other state schools is paying off to the tune of almost $1.8 million in extra state aid from a fund set up to reward universities for smaller hikes.
CMU raised its tuition rate by 2%, the lowest in the state. It will get 19.6% of the bonus money.
The top five schools for keeping tuition hikes in check (and their associated bonus payments) are:
- Central Michigan University - $1.8 million
- Ferris State University - $1.3 million
- UM in Ann Arbor - $1.1 million
- Lake Superior State - $1.0 million
- Oakland - $930,000
The Detroit Free Press has a breakdown of tuition increases and bonus payments for all 15 public universities.
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