Michigan university tuition 6th-highest in US – 9th in student debt

More Americans are getting buried by student debt, causing delays in home ownership, limiting how much people can save and leaving taxpayers at risk as many loans go unpaid. (AP Photo/Mel Evans)

LANSING, Mich. – Michigan’s public universities collectively have the sixth-highest in-state tuition rates in the country, averaging $11,991, according to a new report.

The study issued Tuesday by the Michigan League for Public Policy – a Lansing-based advocacy group for the poor – links rising tuition and student debt to decreased state higher education funding and state financial aid.

It says Michigan has cut university funding by more than $262 million since 2003, a 30 percent drop after adjusting for inflation.

The report says Michigan has the ninth-highest average student debt in the nation, and federal Pell Grants do not cover as much tuition as in the past.

Sixty-two percent of Michigan college students graduated with debt in 2014; their average debt was nearly $30,000.

We welcome thoughts and comments from our viewers. We ask that everyone keep their remarks civil and respectful. Postings that contain profanity, racist, or potentially libelous remarks will be deleted. We will delete any commercial postings, as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s