Related Stories:
|
| Keywords: | |
|
Board Approves Budget, New Degrees
For more information on this story contact:
News from Michigan Technological University
June 25, 2004 -- The Michigan Tech Board of Control today approved a balanced budget for the 2004-05 fiscal year.
The board also approved seven new degree programs and heard that, after a several-year hiatus, the Master of Science in Business Administration will begin enrolling students this fall.
Michigan resident undergraduate tuition will increase just 2.3 percent to $232.60. Tuition for non-Michigan undergraduates will increase 2.5 percent to $605 per credit hour.
The general fund budget totals $107 million in revenue, including approximately $50 million in state appropriations and $51 million in tuition and fees.
"We are assuming that the state will provide the $1.5 million 'rebate' as a result of our keeping resident tuition rates below inflation," said Dan Greenlee, chief financial officer.
The board also gave final approval for several new degrees, including:
* a PhD in industrial heritage and archaeology.
* master's degrees in forestry, forest ecology and management, applied ecology, and forest molecular genetics and biotechnology.
* a bachelor's degree in communications and culture studies.
Michigan Tech's master's degree in business administration has already attracted 38 applications, according to Keith Lantz, dean of business and economics. Lantz told the board that the program will begin operating again this fall, after being dormant for several years. |
|
