YPSILANTI (AP) -- Eastern Michigan University regents have voted to raise tuition and mandatory fees by 3.95 percent for students in the 2012-13 academic year.
The regents approved the increase at a meeting Tuesday in Ypsilanti. The university says the increase for instate undergraduates is $9.75 per credit hour, or $343 for a student taking the standard full academic load of 30 credits per year.
The school says an undergraduate resident student taking 30 credits a year will pay $9,026. Eastern Michigan says its $290.6 million budget for fiscal 2013 includes a $2 million increase in university-sponsored financial aid.
Eastern says its financial aid has grown 67 percent in the past five years, from $21.4 million in 2007-08 to $35.7 million in 2012-13.
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