Martha Pollack

Sarah Kerson / Michigan Radio

This year marks the lowest tuition rate increase for University of Michigan undergraduate students in nearly 30 years.

The 1.1% increase, or $148 per year for the average undergrad, puts U of M's in-state tuition at $13,142 per year. Out-of-state students will have to foot a slightly bigger bill. U of M regents approved a 3.2% for those students, which is an additional $1,270 per year, on average.

The university also marked another financial success for the upcoming term.

Martha Pollack / Google +

Martha E. Pollack was selected to serve as provost and executive vice president for academic affairs at the University of Michigan. She was selected by University President Mary Sue Coleman.

Her two-year appointment will begin on May 6 should the UM Board of Regents approve the selection.

Pollack is filling a vacancy left when Phil Hanlon announced his departure last November to become the president of Dartmouth College.