NMC Board of Trustees approves balanced budget, sets tuition and fees for 2019-20
TRAVERSE CITY — During its regular monthly meeting, the Board of Trustees for Northwestern Michigan College voted 6-1 to approve a balanced budget and set tuition rates and fees for the fall 2019 and spring/summer 2020 semesters.
General tuition rates for residents will increase by $3.05 per contact hour for in-district students, from $105.95 to $109.
“We are dedicated to preparing our learners for success in a rapidly changing global society and economy,” said Timothy J. Nelson, president of Northwestern Michigan College. “In order to do that we must continue to explore, innovate and create. We at NMC have been exploring new programs and building unique market advantages. This includes professional training in key program areas like marine technology, drones, aviation and more. Not only do these programs build on existing expertise, but they will give financial support to the critical work to educate learners in more traditional areas.”
New in this budget, college leaders have worked with industry to develop new programs like surveying and the Marine Center to create new revenue streams to support the overall college budget.
For 2019-20 NMC’s revenue will be 21 percent from state aid, 24 percent from local property tax, 51 percent from tuition and fees and four percent from other sources.
|
Category |
2018-2019 Tuition |
2019-20 Tuition |
|---|---|---|
|
In-District |
$105.95 |
$109 |
|
Out-of-District |
$220.30 |
$227 |
|
Out-of-State |
$287.20 |
$296 |
|
International |
$324.50 |
$334 |
Release date: June 25, 2019
For more information:
Vicki Cook
Vice President for Finance and Administration
vcook@nmc.edu
(231) 995-1144