LANSING — During a meeting Friday morning, the Michigan State University Board of Trustees approved a measure to increase tuition by 5.2 percent this academic year and 4.9 percent the following academic year.
Next year’s increase could be reduced by 2 or 3 percent if the university receives federal stimulus money to offset the tuition hikes.
On Thursday, the University of Michigan Board of Regents increased tuition for undergraduates by 5.6 percent.
During its meeting, MSU trustees also agreed to increase financial aid offerings by 17 percent this academic year, and 13 percent next. At U-M, the regents OK’d an 11.7 percent increase in financial aid, something The Michigan Daily reports is the largest investment of its kind at the university.
MSU spokesman Terry Denbow told the Lansing State Journal that top administrators — those holding the titles of dean or vice president — will be required to donate any salary increases to scholarships of their choosing.
“In these difficult times, we believe that everyone is going to have to scale back in order to accommodate these difficult times. We do not support forced pay cuts but hope that our administrators will make appropriate decisions, including about their own pay rates,” Mitchell Rivard, president of the MSU College Democrats told Michigan Messenger.