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Michigan colleges more affordable than others, national study finds
July 7, 2013
A federal Department of Education list shows Michigan's universities aren't squeezing students' wallets as much as other schools across the nation. The rankings, found through the government's College Affordability and Transparency Center, rate every institution in the nation on tuition cost and net price. Michigan finished near the bottom of the pack when looking at how much the net price of college increased from 2009-10 to 2010-11, the years covered by the new report. Net price takes the sticker price of college and then deducts the average financial aid award. From 2009-10 to 2010-11, the net price at Michigan's public universities dropped 1.9 percent. Last year's report showed Michigan with a 2.2 percent average increase in net price. Michigan was one of nine states with a decline in the new report. Administrators at Michigan's universities said the drop reflects more money being pumped into financial aid, despite annual increases in tuition. In net price, Western Michigan University came in at 97th, University of Michigan in Ann Arbor came in at 114th, Michigan State University at 232nd and Wayne State University at 374th. A total of more than 650 four-year universities were listed.