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.