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NMC Trustees approve 2008-09 tuitionTRAVERSE CITY, MI – Northwestern Michigan College Trustees on Monday night approved tuition and fees for the 2008-09 year. Tuition for the majority of NMC students (those in Grand Traverse County) will increase 5.5 percent. Trustees approved the tuition and fees by a vote of 6-1. Cheryl Gore Follette voted against the proposed rates. The tuition and fees approved Monday night are part of a draft budget that also includes a proposed $214,000 reduction in health benefits for NMC employees. Final action on the 2008-09 general fund budget is anticipated in June. Tuition rates for the 2008-09 year will be:
Trustees also voted to eliminate the graduation fee, and increase the student health fee by $2. The Student General Fee will not increase. Trustees at Monday night’s meeting received a report that detailed financial efficiencies achieved in the last five years. It showed that the number of full-time equivalent students has increased 25 percent, while the revenues per student and expenses per student each have decreased. They also received an updated report that shows the NMC Foundation continues to award more scholarship dollars to more students than any other community college in Michigan. More than $875,000 was awarded in the last fiscal year to nearly 900 students. NMC’s proposed general fund budget for 2008-09 is $36 million. Tuition and fees account for 46 percent of the revenue. Property taxes from Grand Traverse County provide 26 percent of NMC’s general fund revenue, and state aid accounts for 24 percent. As recently as 2002-03, state aid accounted for 35 percent of the budget.
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