Friday, January 6, 2012

Michigan feels strain of college costs - Mike Wilkinson, Detroit News

Analysis shows tuition in state is among the nation's most expensive. Declining state aid and rising costs have made getting a top-notch education in Michigan among the most expensive in the country, gobbling up parents' savings and saddling graduates with tuition bills that typically are far higher than their peers across the country, according to a Detroit News analysis of national education statistics. At the University of Michigan, one year's tuition is now equal to more than 26 percent of the state's median household income — more than double what it is in Florida. In 2010-11, U-M's in-state tuition and fees hit nearly $11,837, according to the National Center for Education Statistics; the University of Florida charged state residents $5,044, or just 11 percent of median household income.