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September 03, 2013 - Image 25

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The Michigan Daily, 2013-09-03

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The Michigan Daily - michigandaily.com

V( is

Tuesday, September 3, 2013 - 7C

Regents vote
p increases

U' to build housing complex
funded by sizeable donation

ing "1
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With the proposed budget,
such packages will increase to
a-state rates up include out-of-state families
earning about $40,000.
by 1.1 percent, Pollack said 48.7 percent of
t-of-state raised the undergraduate student body
comes from family incomes of
3.2 percent over $150,000 but stressed that
those numbers were conser-
vative calculations from Free
By KATIE BURKE Application for Federal Student
Editor in Chief Aid data. Both students who do
not need financial aid and stu-
JNE 20, 2013 - The Univer- dents who do not apply for aid
announced its budget and comprise these numbers.
in rates for the 2014 fiscal The number of in-state stu-
today as part of the June dents attending the University is
ing of the Board of Regents. expected to decrease from 61.4
llowing former President percent to 60.9 percent of the
31's philosophy of provid- entire undergraduate student
uncommon education to the body. Pollack attributed this
mon man," the University changing dynamic to plummet-
ced and reallocated a variety ing high school graduation rights
ograms to save about $24 acrossthe state.
on inbudgetarycosts. "The number of high-school
hile tuition rates increased graduates in Michigan is drop-
ercent and 3.2 percent for ping so precipitously, and at the
ate and out-of-state stu- same time we're seeing an explo-
, respectively, students in sion of applications from out of
of aid will not experience state ... it's a quality issue," Pol-
icrease in net cost for the lack said.
year in a row. This was due She said the University is
arily to an increase of $13.7 working on cost-containment
on in financial aid. through measures, such as class-
esident Mary Sue Coleman room efficiency initiatives and IT
t the opening ofthe meeting rationalization efforts, providing
the low increase of tuition $19.6 million for new programs.
contributed to the high aca- Pollack said such efforts do
c diversity of the University. result in staff downsizing in order
ur overarching goal in to increase budgetary efficiency.
oping the budget is contin- She added that while the Univer-
xcellence atthe University," sity received about a 2.2 percent
man said. "That includes increase in state funding, the
ng this remarkable aca- declining history of state support
i environment available to of public education has made bud-
udents by providing strong geting increasingly difficult.
cial aid packages." "We have done our absolute
a press briefing before the best to respond to cuts, but every
ing, Provost Martha Pollack single year it becomes more and
the tuition increase for in- more challenging," Pollack said.
students is the lowest in 29 "We can't do this forever."
Regent Denise Ilitch (D-Bing-
ie number of Pell Grant ham Farms) said she opposed
ients at the University, a the tuition increases and called
'al grant to students with for a restructuring of University
family incomes, has also finances.
ased by 74 percent over the "The business model is not sus-
10 years. tainable," Ilitch said. "I'm going
ie increased allocation to continue to encourage us to
nancial aid is especially change, it's not just a University
worthy due to the grow- problem, it's a national problem."
tudent debt burden across Ilitch added that the University
ation. While 11 percent of should focus more on bringing
nts nationwide are default- money in than charging students
n loans, the University has more.
rienced a default rate of 1.6 "If we were as good at raising
nt, Pollack said. revenue streams as we are in rais-
Vehave been unrelenting for ing tuition, our students would
than a decade in our efforts be far better off," she said.
erate as efficiently as pos- The increase was approved
" she said. six to two votes, with Ilitch and
cording to Pollack, 70 per- Regent Newman (R-Ann Arbor)
of in-state students current- dissenting.
eive financial aid compared E. Royster Harper, vice presi-
percent of out-of-state stu- dent for student affairs, request-
s. ed a 2.5 percent increase in room
e said the University works and board charges. This increase
ovide enough aid to cover is intended to help cover the costs
of attendance for in-state of residence hall renovations,
nts who qualify - including such as the current construction
s and room and board fees on South Quadrangle Residence
d as much of that as possible Hall and future plans for West
ut-of-state students. Quadrangle Residence Hall.

ing o
new rt
gift fre
tion to
- thej
The pr
the ret
ty Hou
is the
of 2013
ships t
and c
$50 m
in a 3
sion a

10 million gift recently acquired Blimpy Burger
i alum Charles property. The eighth floor will
feature gathering spaces, a fit-
nger largest ever ness center with a running track
and a "Fellows' Room" with a
given panoramic view of the campus
and downtown.
In an interview Thursday,
By JEN CALFAS Timothy Slottow, the Univer-
Daily StaffReporter sity's executive vice president
and chief financial officer, said
RIL 19, 2013 - At the Uni- Munger and the University
y's Board of Regents meet- jointly identified the site, and
n Thursday, University that the donor has been actively
ent Mary Sue Coleman involved in the project design.
nced the construction of a Slottow added that discus-
esidence hall for graduate sions of building the new resi-
its. dence hall began about a year
ded in part by a $110 million ago when Munger expressed
am University alum Charles his fascination with solving the
er - the largest single dona- challenge of creating functional
the University in its history graduate student housing.
residence hall will focus on "He simply inspired the idea,
g a community for graduate and, of course, we were interest-
tsfrommultipledisciplines. ed, but we simply could not do it
oject will cost $180 million, without his help," Slottow said.
nainder funded by Universi- He added Munger hopes
singlease revenue. Munger to create a unique space for
vice president of Berkshire graduate students since under-
way, a global holding com- graduate housing has been the
His estimated net worth as University's primary focus in
3 is $1.1billion. recent years.
gift also includes a "Graduate students, as he says,
illion donation for fellow- do have extremely busy and chal-
:o help create a residential lenging intellectual lives which
y to promote conversation leads to a lot of solitary study,
ollaboration among stu- and having a high quality living
arrangement with high qual-
University received a ity living and community spaces
illion donation to the LSA would be terrific in a location
rs of Fine Arts in Creative that is just prime," Slottow said.
ig program from the Zell Currently, the Northwood
y Foundation in March, Apartments on North Campus
g the last two flagship are the only non-staff housing
ons dedicated to graduate spaces available for graduate
ims. students.
residence hall will be "Most universities do not take
to 600 graduate students a community-like approach,
70,000-square-foot, eight- and this project envisions an
building located on Central approach that makes graduate
us between South Divi- study less isolated," Coleman
nd Thompson streets - a said. "We see this as a revolu-
partially occupied by the tionary concept and an exciting

opportunity for us to nurture
graduate education within our
Regent Andrea Fischer New-
man (R-Ann Arbor) echoed
Coleman, saying Michigan will
be the only university to have a
residential hall option for gradu-
ate students.
Newman added that one of the
purposes of the regents' January
trip to California was to speak
with Munger.
"This was one of the reasons
we went to Los Angeles,"
Munger said. "His involvement
and interest is unlike anything
I've ever seen before, and we're
just thrilled. This will set
Michigan apart from every other
University in the country with
dedicated graduate housing
across disciplines."
The regents approved the pur-
chases of four properties in the
area between West Quad Resi-
dence Hall and the Perry Building
to create space for the residence
hall. The $3.16 million purchase
will acquire properties at 535 and
537 South Division Street and 401
and 409 East Madison Street,
which are registered to former
Athletic Director Bill Martin. The
funds will also be used to purchase
properties at 541 and 543 South
Division Street through eminent
domain, which allows the Uni-
versity to force to the owner, Copi
Properties, to sell the property for
a fair, market-value price.
The regents also voted to name
the newly approved residential
hall in honor of Munger. In 2007,
Munger donated $3 million to
the Law School for lighting and
infrastructure improvements in
Hutchins Hall and the William
W. Cook Legal Research Library.
In addition, Munger contributed
$20 million more for renovations
within the Lawyers Club, which
are currently underway.

While Slottow presented the
naming to the board as the "easi-
est" action to approve, Coleman
said Munger's contribution was a
"monumental act of generosity."
In a statement issued at the
meeting, Munger said the dona-
tion reflects his appreciation for
the University.
"I particularly want to avoid
any perception that I claim large
donative merit," Munger said.
"After all, I waited until my 90th
year before making the gift, then
gained friendship and creative
joy in working with the univer-
sity in a very interesting design
effort likely to have a good out-
come, while I parted with assets
I soon won't need."
The University has con- -
tracted with Integrated Design
Solutions and Hartman-Cox
Architects to design the new
residence hall. To continue the
University's efforts towards sus-
tainability, the building will be
constructed based on U.S. Green
Building Council's LEED certi-
fication system. The residence
hall will also exceed standard
energy efficiency codes by more
than 30 percent.
Slottow added that the addi-
tion of a residence hall could
potentially lead to more students
to apply for graduate programs
at the University.
"I don't think there's any ques-
tion that it will transform our
ability to continue to be an even
stronger attractor to students
because it will be such an iconic
building and transformative
living experience for graduate
students."success," Larson said.
"I anticipate that, as provost, she
will foster high levels of engage-
ment in making the university
operate more efficiently and
effectively. She also has a great
sense of humor, which is always
a bonus."

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