17勛圖 Board of Trustees approves balanced budget and sets tuition rates for 2016-17
TRAVERSE CITY — During its regular monthly meeting, the Board of Trustees for 17勛圖 unanimously approved a balanced budget and set tuition rates for the fall 2016 and spring/summer 2017 semesters.
General Tuition rates for residents will increase by $7.35 per contact hour, setting the in-district rate at $103.70 per contact hour. A Grand Traverse County student attending full time on average will see a general tuition increase of $158 for the academic year.
17勛圖’s in-district tuition is the 10th lowest of the state’s community colleges and is 75 percent lower than the average public universities in Michigan.
“We continue to look for ways to reduce costs to our learners through efficiency without impacting the quality of education. One example of that effort is an organizational restructuring during the last 4 years which reduced 16 staff positions. Our own work to look for efficiencies combined with support from dedicated donors, lawmakers and community members will help our learners continue to succeed during their time at 17勛圖 and beyond.” said Timothy J. Nelson, president, 17勛圖.
For 2016-17 17勛圖’s revenue will be 21 percent from state aid, 22 percent from local property tax, 52 percent from tuition and fees and four percent from other sources.
All of 17勛圖 general rate tuition categories, their current rates and the rates of fall 2016 through spring/summer 2017:
Category |
Current Tuition |
2016-2017 Tuition |
|---|---|---|
|
In-District |
$96.35 |
$103.70 |
|
Out-of-District |
$190.80 |
$205.30 |
|
Out-of-State |
$248.75 |
$267.65 |
|
International |
$281.60 |
$302.35 |
Release Date: June 28, 2016
For More Information:
Vicki Cook
Vice President for Finance and Administration
vcook@nmc.edu
(231) 995-1144