The big winners, on a percentage change, are Oakland (12.5%), Grand Valley State (9.5%), Ferris State (8.9%) and Central Michigan (8.6%).
Five schools — Grand Valley, Oakland, University of Michigan-Dearborn, UM-Flint and Saginaw Valley — will benefit from a new phased funding formula to ensure they get at least $4,500 per student by fiscal year 2024-25. These universities had been pushing for such an approach for years, saying a funding floor would bring fairness and justice. The average across the 15 schools will be $6,235 per student in 2022-23.
The three research schools, UM-Ann Arbor, Michigan State and Wayne State, will see 4% more funding. Seven universities — Central, Western, Ferris, Eastern, Michigan Tech, Lake Superior and Northern — will receive a smaller increase in operating assistance but save on pension payments.
“That kind of marriage between all the institutions in an interesting way,” said Rep. Ben Frederick, a Republican from Owosso and chairman of the House Higher Education and Community Colleges Budget Subcommittee. “There is a load right now, especially for regional entities that as they are offered these funding opportunities, what are they doing institutionally to position themselves against market realities and how can they continue to drive this value proposition across their various programs?”