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Administration to Recommend Tuition Cap
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APRIL 16, 2004 -- Michigan Tech's administration will recommend that the university "take the governor's pledge" and cap next year's tuition increase at 2.3 percent.
The recommendation will be considered by the Board of Control May 7.
While the state has cut this year's appropriation to Michigan Tech by 5 percent, from $49.7 million to $47.2 million, Governor Jennifer Granholm has promised to restore 3 percent, or $1.5 million, if the university holds any increase in next year's tuition to the rate of inflation, now estimated at 2.3 percent. In addition, Granholm has promised not to cut appropriations during the upcoming fiscal year for public universities that observe the tuition cap.
"We hope this will remove some uncertainty for students and their parents as they make their financial plans for next year," MTU Interim President Glenn Mroz said.
If the university were not to take the pledge, it would have to hike tuition 11 percent to raise an equivalent amount of revenue.
The cap should also allow parents of MTU students to take a special state tax credit reserved for those attending universities that keep their tuition increase at or below the rate of inflation.
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