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Michigan Tech Board of Control Approves Budget, Tuition Rates

Fri, 3 May 2013 13:34:36 -0400

At its regular meeting in Houghton today, Michigan Technological University’s Board of Control passed a balanced budget for fiscal year 2014 of $172.5 million. Major sources of revenue include $43.8 in state appropriations and $114.7 million in tuition and fees.

Next year’s budget is $7 million higher than the current year’s and includes an additional $1 million for financial aid, $500,000 for maintenance and a 3 percent merit adjustment for employees, effective in January.

The Board also set tuition rates for the 2013-14 school year. Using a new plateau tuition system, undergraduates who are Michigan residents will pay a flat tuition of $6,735 . . .

Michigan Tech Moves to Plateau Tuition

Thu, 7 Mar 2013 08:52:28 -0500

Michigan Tech has announced a move to a plateau tuition plan for undergraduates beginning with the fall 2013 semester. The decision to adopt the plateau tuition plan was made by the University’s Financial Data Group after a thorough analysis.

The plateau will be set at 12-18 credit hours. That means undergraduates will pay a flat rate for a course load ranging from 12 to 18 credit hours. In fall 2011, full time undergraduate students on average took 14.7 credits per semester. In fall 2012, the average was 14.6.

The dollar amount of the plateau tuition will be determined at the May meeting . . .

Michigan Tech President Reports Cost-Cutting Steps, Protests MPSERS Charges

Tue, 5 Mar 2013 11:40:44 -0500

Michigan Technological University, like six other public universities in Michigan, must pay a whopping bill each year to a state retirement system in which employees hired since 1996 have not participated and cannot participate. And the amount the University must pay is growing every year. Last year it totaled more than 14 percent of the state appropriation that Michigan Tech received.

The Michigan Public School Employees Retirement System (MPSERS) cost Michigan Tech $5.75 million last year, although the University opted out of MPSERS in 1996, and no employee hired since then has had the option to join that retirement system.

“We are . . .

Michigan Tech Board Approves Video Scoreboard for Ice Arena

Thu, 28 Feb 2013 09:02:16 -0500

At its regular meeting today, Michigan Technological University’s Board of Control approved purchase of a new video scoreboard for the John J. MacInnes Student Ice Arena. All funding for the scoreboard and its installation comes from gifts from donors.

The four-sided Mitsubishi Diamond Vision video board will hang over the center of the ice. Each side is 14 feet wide by 14.5 feet high and includes a 14 by 8 foot video screen. The total weight of the new scoreboard will be more than 12,000 pounds.

The Board also approved a new concentration in business analytics. It will be offered within the . . .

Michigan Tech Board of Control Approves 2013-14 Room, Board, Rental Rates

Fri, 14 Dec 2012 11:55:00 -0500

At its regular meeting on Dec. 14, 2012, the Michigan Technological University Board of Control approved room and board and apartment rental rates for the 2013-2014 academic year.

Room and board rates for a standard double occupancy room with the gold (median) meal plan for rooms in Douglass Houghton, McNair, and Wadsworth Halls will increase $310 or $10 per week for the 2013-2014 academic year. Hillside Place Apartments residents will also see an increase $310 for the next academic year. Daniell Heights Apartments student residents and/or families will see a monthly rental increase of $30 for a one-bedroom, $35 for a two-bedroom, . . .

Governor Appoints 2 New Board of Control Members

Thu, 15 Nov 2012 16:05:27 -0500

Governor Rick Snyder has announced the appointments of Robert “Bob” Jacquart of Ironwood and Linda Kennedy of Troy to the Michigan Tech Board of Control. The eight-person board is the governing body of the University.

"We are pleased to welcome Bob and Linda to Michigan Tech's Board of Control," said President Glenn Mroz. "They are talented and experienced leaders who are well equipped to help us achieve our mission and vision."

Kennedy, a 1991 alumna of Michigan Tech, is a shareholder in the Detroit office of Butzel Long PC, one of Michigan’s oldest law firms. Previously, she served as in-house counsel for Dow . . .

Superior Ideas: A New Funding Tool for Michigan Tech Research

Thu, 11 Oct 2012 12:58:03 -0400

Anyone familiar with Michigan Technological University knows that it is a hotbed of superior ideas. A new initiative by the same name—Superior Ideas—was unveiled today at the University’s Board of Control meeting.

Superior Ideas is a crowdfunding web site, where anyone can contribute any amount to help support research projects, David Reed, vice president for research, told the Board. Crowdfunding is a relatively new phenomenon enabling a large number of individuals to pool small contributions to support projects in which they share a common interest, he explained.

Using an existing crowdfunding site, John Vucetich, associate professor in the School of Forest Resources . . .

Michigan Tech Accreditation Sustained by Higher Learning Commission

Thu, 2 Aug 2012 15:13:13 -0400

The Higher Learning Commission has reaffirmed Michigan Technological University’s accreditation, the Board of Control learned Aug. 2.

“It is fair to say that Michigan Tech passed with flying colors,” said Board Member Lenora Ashford.

The Higher Learning Commission’s Reaffirmation Panel stated that the University met all of the criteria for accreditation.

“Michigan Technological University shows clear evidence of its commitment to high performance, AQIP [Academic Quality Improvement Program] and continuous quality improvement,” the panel wrote in its evaluation. “The Reaffirmation Panel acknowledges that Michigan Technological University is a high performing organization . . . .”

The University has been continuously accredited since 1928. In 2005, . . .

Michigan Tech Board Approves Budget, Lowest Tuition Increase in 8 Years

Thu, 21 Jun 2012 11:50:04 -0400

At a special meeting on June 21, 2012, Michigan Technological University’s Board of Control approved a general fund budget of $165.5 million for fiscal year 2013, which starts July 1, 2012. The general fund, which covers the operating expenses of the University, is one of five components of the current fund, which will total 256.5 million for FY2013.

The general fund budget includes a tuition increase of 3.9 percent for Michigan resident undergraduates, less than the 4 percent cap set by the state for universities to receive tuition restraint funding. The average tuition for Michigan residents will be $14,448, an increase of . . .

Kampe Appointed Chair of Materials Science and Engineering, Receives Franklin St. John Professorship

Thu, 31 May 2012 15:47:59 -0400

Professor Stephen L. Kampe has been appointed chair of Michigan Technological University's Department of Materials Science and Engineering, effective July 1. In addition, he has been named the new Franklin M. St. John Professor in Metallurgical and Materials Engineering.

Since coming to the University in 2008, Kampe's research has focused on physical metallurgy, in particular high-performance aerospace materials. He has served on the department's Undergraduate Program Committee and the Faculty and Professional Staff Development Committee and has represented his department in the University Senate.

"I'm obviously excited to be selected as chair," Kampe said. "The department is in great shape; [outgoing chair] . . .