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Wayne State University board approves 2014 budget and tuition

June 27, 2013

Wayne State University's Board of Governors yesterday approved a $576 million operating budget for fiscal year 2014, a 1.7 percent increase. This included a tuition increase of $904, or 8.9 percent, for a resident undergraduate taking 30 credit hours. Following a 15 percent cut in state appropriations two years ago, Wayne State will have received the lowest percentage increase in state funding among Michigan's public universities this year for the second year in a row. To mitigate tuition increases for those needing financial assistance, Wayne State will increase its financial aid by $6.2 million, or 11 percent, this year. With this increase, its institutionally funded financial aid is now $62.2 million, a 231 percent increase since 2002, and a 78 percent increase since 2007. More than 80 percent of all WSU undergraduate students receive some type of need-based or merit-based financial aid. WDET also ran stories on the tuition increase.