{"id":132904,"date":"2023-06-27T10:40:23","date_gmt":"2023-06-27T14:40:23","guid":{"rendered":"https:\/\/blogs.nmc.edu\/?p=132904"},"modified":"2023-11-18T22:32:06","modified_gmt":"2023-11-19T03:32:06","slug":"board-approves-budget-tuition-rates-for-fy-24","status":"publish","type":"post","link":"https:\/\/blogs.nmc.edu\/?p=132904","title":{"rendered":"Board approves budget, tuition rates for FY 24"},"content":{"rendered":"

TRAVERSE CITY — A balanced budget and tuition rates and fees for the 2023-24 academic year were approved unanimously by the Northwestern Michigan College Board of Trustees Monday.<\/p>\n

In-district tuition rates will increase by 3 percent, to $122 per contact hour for in-district students (Grand Traverse County residents.) Tuition rates for out-of-district and out of state students will rise 6 percent. The general fee will rise by $1 per contact hour, from $32 to $33.<\/p>\n

For the average in-district student taking 24 contact hours in a two-semester academic year, that means an increase of $120 ($96 in tuition, $24 in fees.) A table of tuition rates for all residencies and programs is available here (p. 41)<\/a>. NMC tuition is about one-quarter the cost of in-state tuition at a four-year public university.<\/p>\n

“NMC is committed to offering a strong educational value,” said NMC President Nick Nissley. “This year that includes keeping our tuition increase below the rate of inflation.”<\/p>\n

This year’s increase is below last year’s 5 percent increase. In 2021, a tuition increase was mostly offset by a fee decrease. The college held tuition flat in 2020. Tuition amounts to 45 percent of NMC’s budget and is the only revenue source the college controls. Property taxes (26 percent) and state aid (28 percent) are the two other primary revenue sources.<\/p>\n

As of fall 2022 semester, NMC’s in-district tuition was the ninth lowest among Michigan’s 28 community colleges. Thanks to community donors the college also awards more than $1 million in institutional scholarships annually. Adults over 25 who don’t already have a degree are eligible for a state scholarship, Michigan Reconnect, which pays 100 percent of in-district tuition. The high school class of 2023 is also eligible for up to $2,750 per year through the Michigan Achievement scholarship. <\/p>\n

Release date: JUNE 27, 2023<\/h3>\n

For more information:<\/h2>\n

Cari Noga
NMC Communications Director
cnoga@nmc.edu<\/a>
(231) 392-1800 (Call or text)<\/p>\n

\n

NON-DISCRIMINATION POLICY NOTICE<\/h3>\n
Northwestern Michigan College does not discriminate in admission, campus activities, education, employment, housing, public accommodation or public service on the basis of age, color, creed, disability, gender identity\/expression, handicap, height, marital or familial status, national origin, political affiliation, race, religion, sex, sexual orientation, service in the military, veteran’s status, weight, or any other legally protected status under federal, state, or local law. No act of retaliation shall occur to any person making a charge, filing a complaint, testifying or participating in any discrimination investigation or proceeding. nmc.edu\/non-discrimination<\/a><\/address>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

TRAVERSE CITY — A balanced budget and tuition rates and fees for the 2023-24 academic year were approved unanimously by the Northwestern Michigan College Board of Trustees Monday. In-district tuition rates will increase by 3 percent, to $122 per contact hour for in-district students (Grand Traverse County residents.) Tuition rates for out-of-district and out of […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[68,5],"tags":[],"class_list":["post-132904","post","type-post","status-publish","format-standard","hentry","category-intercom","category-student-news"],"acf":[],"yoast_head":"\nBoard approves budget, tuition rates for FY 24 - NMC Communiqu\u00e9<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.nmc.edu\/?p=132904\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Board approves budget, tuition rates for FY 24 - NMC Communiqu\u00e9\" \/>\n<meta property=\"og:description\" content=\"TRAVERSE CITY — A balanced budget and tuition rates and fees for the 2023-24 academic year were approved unanimously by the Northwestern Michigan College Board of Trustees Monday. 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