During a recent government meeting, discussions centered around the Ann Arbor budget, highlighting significant aspects of financial aid and cost containment strategies. Regent Beam expressed strong support for the budget, emphasizing the hard work of Provost Macauley and his team. He noted that 63% of undergraduate students receive financial aid, with 31% of resident undergraduates paying no tuition. Importantly, he pointed out that those receiving aid will not face any tuition increases, a point he takes pride in regarding the budget.
Regent White echoed Beam's sentiments, commending the university's long-standing cost containment strategies, which have saved over $550 million since 2005. She highlighted that the current budget includes more than $31 million in cost containment efforts, which are essential for maintaining low tuition rates.
However, not all regents were in agreement. One regent, who has served on the board for 12 years, announced plans to vote against the budget for the first time, citing three specific concerns that would be elaborated upon later in the meeting. This divergence in opinions underscores the complexities and challenges involved in budgetary decisions within the university.