Word: tuition
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...Traditionally, state universities provided an affordable education for its residents by offering subsidized in-state tuition. For Lansing native Anneke Stadt, a sophomore nursing student, the $11,037 tuition is the main reason she's at the University of Michigan. Stadt says she looked into private schools like Hope College ($33,000 tuition) and Kalamazoo College ($38,000 tuition). "I couldn't really afford them, though," she explains, "so I hedged my bets with the public school...
...schools like Michigan struggle to make up falling state contributions, however, fewer students like Stadt are getting slots in entering classes. Out-of-state students pay $33,000 in tuition at Michigan - nearly three times the amount that residents bring in - and those extra dollars are needed more than ever. Non-residents now make up 37% of undergraduates at the university; add graduate students and nearly half the university's students comes from out-of-state. A leading public university like University of California at Berkeley, by contrast, only pulls 8% of its undergraduates from outside California...
...state students to help fill their coffers. But it will become difficult to continue competing with private institutions if they cannot simultaneously expand their research capacity and recruit top-flight faculty. And the struggling economy is forcing even wealthy families to look for the best value for their tuition dollars. For just $5,000 more in tuition, an out-of-state student could forgo Michigan for New York University, the nation's largest private school with nearly double the number of faculty. In recent years, international enrollments at American public universities has also dropped as more students turn to premier...
...increased support for financial aid programs at the various universities will be funded partially by modest tuition hikes hovering around the 3 percent mark, as most administrators are hesitant to further burden families from across the socioeconomic spectrum who feel the recession’s pinch...
...with a near-zero inflation rate, any upticks in tuition, unlike in previous years, will mean an increase in real dollars...