Office of the Vice President for Global Communications

Thursday, March 8, 2012

Program aims to explain U-M funding, tuition, finances

Ensuring student access, maintaining educational excellence and responsible stewardship of resources. Those are the university's three top budget priorities that will be the focus of a special presentation Friday titled, "Financing the University of Michigan."

"We want to do everything we can to help students, faculty and staff understand how state funding, donor support, financial aid and tuition all come together in the university's general fund budget," explains Provost Phil Hanlon, the university's chief academic officer and chief budget officer.

The program will be presented by Hanlon and Martha Pollack, vice provost for academic and budgetary affairs.

The university's two top budget officials will explain where the funding that pays for the university's core academic mission comes from and how it is spent. They will discuss the university's cost-containment efforts and explain what goes into the budget recommendation — including tuition — that is considered by the Board of Regents each June.

While the session is designed for students, it is open to the public. The event is scheduled for 5:15 p.m. Friday in Room 1670 of the Computer Science & Engineering Building, 2260 Hayward St., on North Campus. The presentation will be repeated March 22, beginning at 5:15 p.m., in the Kalamazoo Room of the Michigan League, 911 N. University St., on central campus.