Saginaw Valley Least Costly State University 8-09-2010 - WNEM TV 5

Saginaw Valley Least Costly State University 8-09-2010

Saginaw Valley State University remains the least expensive of Michigan's 15 public universities.
Saginaw Valley State raised tuition by nearly 6 percent this year, one of the largest increases of any Michigan university.
But The Saginaw News reported its overall tuition rate of $7,300 is nearly $800 a year less than the state's second least expensive, Northern Michigan University.
The report Saturday said Michigan Technical University overtook the University of Michigan-Ann Arbor as the state's most expensive university.
Michigan-Ann Arbor had a modest tuition increase of 1.5 percent.
Western Michigan University had the highest increase at nearly 7 percent. Many universities expect state aid to fall this year.
The Michigan Senate Appropriations Committee is considering a plan to reduce higher education funding by 3 percent.
Meanwhile, The Michigan League for Human Services report Monday said state funding for universities was cut 9 percent between 2006 and 2010.
Tuition increased by 31 percent in roughly the same period. The numbers aren't adjusted for inflation.
The report said the increased tuition makes it more difficult for many students to afford college.
The report said the average Michigan student graduating with a bachelor's degree in 2008 left college with a loan amount of $22,000, up 44 percent from 2001.
Many universities have increased financial aid recently to try and offset reductions in state aid to students.
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