17勛圖 Board of Trustees approves balanced budget, sets tuition and fees for 2018-2019
TRAVERSE CITY — During its regular June 25 monthly meeting, the Board of Trustees for 17勛圖 unanimously approved a balanced budget and set tuition rates and fees for the fall 2018 and spring/summer 2019 semesters.
General tuition rates for residents will increase by $2.25 per contact hour for in-district students, from $103.70 to $105.95.
“17勛圖 is committed to preparing our learners for success in a rapidly changing global society and economy,” said 17勛圖 President Timothy J. Nelson. “We are proud of the work we have done to limit the financial impact on learners by remaining agile and responsive. We still have more work ahead of us, but are dedicated to keeping 17勛圖 as the top choice for our learners.”
College leaders have been working to make the institution more efficient and lower costs, including reducing 16 positions through restructuring in the last four years and 12 positions through a voluntary separation plan this year. Those efforts combined with support from donors, lawmakers and community members are helping the college achieve its goals.
For 2018-2019, 21 percent of 17勛圖’s revenue will come from state aid, 22 percent from local property tax, 52 percent from tuition and fees and five percent from other sources.
17勛圖 general rate tuition categories:
|
Category |
2017-2018 Tuition |
2018-2019 Tuition |
|---|---|---|
|
In-District |
$103.70 |
$105.95 |
|
Out-of-District |
$215.60 |
$220.30 |
|
Out-of-State |
$281.00 |
$287.20 |
|
International |
$317.50 |
$324.50 |
Release date: June 26, 2018
For more information:
Vicki Cook
Vice President for Finance and Administration
vcook@nmc.edu
(231) 995-1144