Grand Valley State University hikes tuition 3%
Allendale — Grand Valley State University’s Board of Trustees raised tuition 3 percent for 2015-16, coming in slightly below the state Legislature’s 3.2 percent cap.
The move increases the school’s tuition for full-time, in-state undergraduates from $10,752 to $11,078. In a news release, the university said trustees raised financial aid 6 percent, to $40.4 million.
“We know Michigan is depending on the educated workforce that Grand Valley is producing, and we also know we want our graduates to stay in the state, being productive immediately with little or no debt,” said David Hooker, chairman of the Grand Valley Board of Trustees. “To that end, we increased financial aid by a substantial amount and kept the tuition increase modest.”
Grand Valley was the last of the state’s 15 public universities to set tuition rates for this fall. School officials say GVSU’s tuition remains in the bottom half among Michigan universities.
Two schools, Eastern Michigan University and Oakland University, exceeded the state’s cap on tuition hikes this year, forfeiting $1 million or more in incentive funding. EMU raised tuition 7.8 percent, while OU’s hike, announced this week, was 8.48 percent.