Cost Cutting & Budget Update
"The University of Michigan is the only public university in our state — and one of just a handful in the nation — to maintain a longstanding commitment to cover 100 percent of demonstrated need of resident students through financial aid. One hundred percent."
"We have continually made a commitment to be affordable and support Michigan students and their families at the same time we have reduced our spending and enhanced revenues."
"Financial aid is key to keeping U-M accessible. Among our public peer institutions, U-M provides the third highest amount of institutional aid in a state that offers the lowest amount of student aid."
"The financial challenges to higher education are large and persistent … We will emphasize administrative and infrastructure efficiencies and look to alter- native sources of revenue while protecting the excellence of our core academic activities."