University of Michigan approves tuition increase for wealthiest tier of students
(WorldNews Business)

The University of Michigan board of regents voted 5-2 during a special meeting Monday to approve a budget that increases tuition 1.9 percent. The meeting was called by President Mark Schlissel following a deadlocked vote by the board last Thursday. The budget proposed Monday varied slightly from the one shot down last week. Schlissel said the tuition increase now would not affect students with financial need, or those whose families make less than $120,000 annually, meaning that the increase would fall on the university`s wealthiest students. `The modest 1.9...