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Ann Arbor, Michigan
Tuesday, October 23, 2007
michigandaily.com
SUDNG T UNER CHARTING MICHIGAN'S MONEY
The value of the University's endowment, in billion
'U' endowment rises $80r
$7.1
25 percent to $7.1 bil
$70
$6.0F
BI HOUSE CONT ROVER SY
Faculty
Senate slams
stadium plans
$5.7
Huge increase comes as
state funding wanes
By GABE NELSON
Daily News Editor
The University's endowment grew from
$5.65 billion to nearly $7.1 billion in the fis-
cal year that ended June 30, according to the
University's annual financial report, which
was released yesterday.
The 25.5 percent growth of the endow-
ment keeps up with increases at Ivy League
heavyweights Harvard University and Yale
University, which posted 23 percent and 28
percent increases respectively last year.
The financial report, which will be sub-
mitted to the University Board of Regents for
approval at its monthly meeting on Thurs-
day, suggests that the University is financial-
ly sound despite falling state contributions
and a troubled Michigan economy. The Uni-
versity's endowment, which was $2 billion in
See ENDOWMENT, page 7
$5.0-
$4.0-
$4.9
$4.2
$3.5 $3.6 $.4 $3.5
$2.5
$2.3
,( ,I ,1 ,1 ,1 ,I ,I ,I ,I ,I ,I
(t-I
$2.0 '98 '99
00 '01 02 '03 '04 '05 '06 '07
SOURCE: UNIVERSITY OF MICHIGAN
Assembly votes
to ask Coleman,
regents to reconsider
luxury boxes
By EMILY BARTON
Daily StaffReporter
The University faculty's gov-
erning body came out against the
planned renovation of Michigan
Stadium yesterday.
The Senate Assembly, which
represents the faculty to the Uni-
versity administration, passed a
proposal asking University Presi-
dent Mary Sue Coleman and the
University Board of Regents to
postpone the renovations.
The challenge comes less
than a month before the Univer-
sity plans to break ground on the
project.
Irwin Goldstein, a professor
emeritus in the Department of
Biological Chemistry, presented a
petition of more than 600 faculty
signatures protestingthe stadium
renovations to the assembly.
The proposal passed with
18 votes. Seven members voted
against the proposal and three
members abstained.
Goldstein sent a copy of his
petition to Coleman and the
regents on Friday, and he said
yesterday that he hadn't received
a response.
The assembly resolution sup-
ports Goldstein's calls for the Uni-
versity to postpone construction
on the stadium until an agree-
ment is reached on the lawsuit
brought against the University by
the Michigan Paralyzed Veterans
of America.
The lawsuit claims that the
planned stadium renovations
would not include enough wheel-
chair-accessibleseatingunderthe
Americans with Disabilities Act.
The University argues that the
construction of the luxury boxes
doesn't constitute a renovation of
the stadium bowl and therefore
doesn't need to bring the bowl
See STADIUM, page 7
Assembly calls for
athletic reforms
LSA sophomore Raya Abu-Zahra didn't wear a headscarf, or hijab, until this year. She said she made the decision to wear the hijab on her own.
A RITE OF PASSAGE
Muslim women say
they made
their own choice to
wear hijab
By DAVE MEKELBURG
Daily NewsEditor
When LSA sophomore Iman
Sedige stopped at a rural Wis-
consin gas station during a fam-
ily road trip, the two people
working the counter openly
stared at and talked about her
as if she wasn't standing there.
They talked about the heads-
carf, or hijab, that she wears as
part of her Muslim faith.
Some Muslim women begin
covering their hair and much
of their body when they reach
maturity. When exactly that
is, however, is up to interpre-
tation. For some, this means
reaching puberty. For others,
it means waiting until they're
finally comfortable making a
decision that may make them
stand out.
What might be a much easier
decision in a predominantly
Muslim area or country is a
much larger undertaking in
Ann Arbor.
Yet, in Ann Arbor, while
Sediqe says she might get the
occasional lengthy glance, the
University population is much
more accepting of her choice
to wear something that openly
declares her a Muslim than
many other parts of the country
or the world.
"People are so much more
excited when they see diver-
sity," she said.
Sediqe has been wearing
a headscarf since she was 11
years old. Growing up in Sylva-
nia, Ohio, outside Toledo, she
was the only Muslim girl in her
junior high and high schools.
Coming to the University was
refreshing and surprising.
"I was never really used to
having that many Muslims
around me all the time," she
said.
Because she's been wearing
a headscarf for so long, she said
See HIJAB, page 7
Faculty panel wants
more control over
University sports
By EMILY BARTON
- and ANDY KOLL
Daily StaffReporters
The University's main faculty
governing body voted yesterday
to endorse a set of reforms that
would increase the University
central administration's over-
sight of athletic programs.
The Senate Assembly's
endorsement recommends four
main areas of athletics reform
outlined in an initial report sub-
mitted to the University's Board
of Regents last month.
The suggested reforms draw
on the recommendations of a
June report from The Coalition
on Intercollegiate Athletics, a
group comprised of the faculty
senates of 56 schools with Divi-
sionlIathletic programs.
One of the main reforms in the
report calls for the integration of
the University Athletic Depart-
ment budget into the University's
general fund.
Current University Board of
Regentsbylaws say that "separate
accounting and financial state-
ments will be made for depart-
ment funds."
At a meeting of the Senate
Advisory Committee on Univer-
sity Affairs earlier this month,
Athletic Director Bill Martin said
the Athletic Department's bud-
geting process is "totally inte-
grated" with the University's.
Additionally, Martin said the
Athletic Department budget is
subject to annual review by Uni-
versity Chief Financial Officer
Tim Slottow, University Presi-
dent Mary Sue Coleman and the
See ATHLETICS, page 7
Report: Cost of public schools rose 6.6
percent last year, outpacing financial aid
STARING DOWN A WOLVERINE
'U' tuition increased
7.4 percent this summer
From staff and wire reports
The price of college again rose faster
than the inflation rate this year, climbing
6.6 percent at four-year public schools
and outstripping increases in financial
aid.
The latest increases, reported yes-
terday by the College Board, bring the
average list price of four-year public uni-
versities to $6,185 this year, up $381 from
2006-2007.
At the University of Michigan, tuition
rose 7.4 percent, increasing costs by $724
for in-state students and $2,170 for out-
of-state students this year.
At four-year private colleges, tuition
and fees rose 6.3 percent to $23,712.
Public two-year colleges - which
educate about half of American college
students - again got the best marks for
keeping a lid on price increases. Their
average price rose 4.2 percent to $2,361.
Accounting for aid, their average net
cost is only $320 per year.
"For too long, parents have grimaced
and borne the high price of college
because they presumed that a higher
education is key to their child's success
in today's economy," said James Boyle,
president of the group College Parents
of America, in a statement on the report.
"Surely, the day will come - soon -
when parents say enough is enough."
The published price is not the real
price for many students, thanks to finan-
cial aid, but the net price is rising too.
On average, accounting for grants and
tax breaks, the net price for full-time
students at four-year public universities
this year is $2,580. That's about $160
more than last year.
At private colleges, net cost this year
averages $14,400 - up $638 from a year
ago.
To make up the difference, students
typically borrow as much as allowed
from the federal government, but then
turn to private student loans. A decade
ago, nonfederal loans accounted for
about 6 percent of student aid, but last
See COSTS, page 7
LSA junior Julie Foster shows Tatiana Vitvitsky, a native of Moscow, a wolverine exhibit at the Natural His-
tory Museum as part of Bridges International, a program sponsored by Campus Crusade for Christ that
helps international students and people new to the United States get used to Ann Arbor.
TODAY'S HI: 57
WEATHER 60:40
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Vol. CXVi, No. 34 SUDOKU.........
-2007 The Michigan Daily OPINION............
michigondaiiy.com
.....2 ARTS.. ....5
........3 CLA SSIFIEDS ................ ....6
.......4 SPO RT S ................................8