The Michigan Daily - michigandaily.com V( is Tuesday, September 3, 2013 - 7C ADMINISTRATION Regents vote onlowtuition p increases U' to build housing complex funded by sizeable donation In 9' Ou 3U sity tuitio year meet Fo Ange ing "1 comr reduc of pr millio W 1.1 p in-sta dents need an in fifth prim milli Pr said a that rates4 demi "C devel ued e Colen maki demi all st finan In meet said state years Th recip feder low incre past1 Th to fi notes ing s the n stude ing o exper perce "V more to op sible, Ac cent ly rec to 50 dents Sh to pr cost stude book - an for ou 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. $1 fro Mul API versity ing o Presid annou: new rt studen Fun gift fre Munge tion to - thej creatin studen The pr the ret ty Hou is the Hatha pany.] of 2013 The $10-m ships t societ3 and c dents. The $50 m Maste Writin Famil makin donati progra The home in a 3 storyb Campt sion a space 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 ecosystem." 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." Want to publish your research? The UM Undergraduate Research Journal showcases student research from every field here at UM. Go to www.umurj.org for more on publishing your work or gettinginvolved on our Exec Board! U r 1st Qens IM "We May BRTeirst Bu We Won'BeTheLast" First Generation College Students at Mfichigan We are a student organization dedicated to raising awareness, recognizing, and resolving p ? -I 9 C pre-medical club Mass Meeting: Monday, September 16th at 7pm Michigan League Ballroom Win a free MCAT prep course! Princetonl www.umichpmc.org umpremed@umich.edu Volunteering.- Physician Shadowing -"Mentorship. Mak-A-Dream Alternative Spring Break - Guest Speakers .Social Events uTutor, mentor, or teach on a daily basis in programs that fit your schedule. uj over1,400 Wolverines and Detroiters at UMrs largest day o service-learning. aLearn about social justice issues at campus events. * Make cultural excursions to the city.