MARQUETTE, MI - Northern Michigan University is raising tuition for the 2013-14 school year but will remain the second lowest priced university in the state.
The annual cost for full-time resident undergraduates will be $9,094, an increase of $328—or 3.75 percent—from last year’s rate of $8,766. Vice president for finance and administration, Gavin Leach, say the school is also making a significant adjustment to financial aid by increasing it by 6-point-6 percent, or nearly $1 million.
NMU remains within the tuition restraint level required to secure the full 2.1 percent state appropriations increase per the performance funding formula in the higher education bill approved in June.
The NMU Board of Trustee today also approved a recommendation to increase president David Haynes’ base salary of nearly $202,000 by 2.3 percent for the current fiscal year. Haynes said he plans to donate the increase back to the university as a charitable contribution.
for the complete NMU press release, click here
