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My Town: Grand Valley State University approves tuition hike | News

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My Town: Grand Valley State University approves tuition hike
News, Schools
My Town: Grand Valley State University approves tuition hike

GRAND RAPIDS, Mich.—  Students will have to pay more to attend Grand Valley State University next year.

Last Friday, GVSU’s Board of Trustees approved raising tuition rates by approximately three percent.  The increase means students will pay $298 more per academic year, bringing annual tuition to $10,752 for a full-time undergraduate Michigan resident.

GVSU says the tuition increase is the lowest it’s approved in a decade.  The budget also includes a three percent wage increase for faculty and staff members and a  $3.1 million increase in student scholarships and grants, bringing the student financial aid budget to $38 million.

“We are concerned with quality and affordability for our students,” said Shelley Padnos, chair of the Board of Trustees. “This budget achieves a balance that will help students graduate and find jobs. We have increased financial aid, helping students borrow less, and we were able to keep tuition costs manageable. I always like to remind students and their families to look at the bill in dollars, not the percentage increase in tuition. Grand Valley still charges less than most Michigan universities.”

The university is expected to receive $63 million in state funding, including money for its best-in-class performance.

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