Closings & Delays for Monday, February, 27
Facebook
Your Neighborhood. Your News.
  • Sign In
  • SUBSCRIBE
Reading: SVSU Board approves budget and tuition increase for 2024-25 academic year
Share
  • Limited Time!
    Only $1.99/mo
Saginaw Daily
/   April 21, 2025  /
  • News
  • Life & Culture
  • Sports
  • Health
  • Education
  • Politics
  • Business
  • Michigan News
  • Community Voices

    Latest in Community Voices

    Local News

    Not having a Bank Account can cost you plenty!

    Kim Scofield Kim Scofield
    Local News

    Separation overpowers unity, still too often

    Minerva Rosales Minerva Rosales
    Local News

    Guns and Drugs: Making Choices and Facing Consequences

    Hon. M.T. Thompson, Jr. Monica R. Nuckolls Hon. M.T. Thompson, Jr. Monica R. Nuckolls
    Local News

    The State of Saginaw’s Black Community: Promoting Dialogue, Understanding and Action

    Jeffrey Bulls Jeffrey Bulls
    Read More
Reading: SVSU Board approves budget and tuition increase for 2024-25 academic year
Share
Aa
Saginaw Daily
  • News
  • Life & Culture
  • Sports
  • Health
  • Education
  • Politics
  • Business
  • Michigan News
  • Community Voices
Search Saginaw Daily
  • SUBSCRIBE
  • Sign In
  • News
    • Local News
    • Health
    • Life & Culture
    • Sports
    • Education
    • Politics
    • Business
    • Michigan News
    • Community Voices
  • Saginaw Daily
    • About
    • Contact
Follow US
Education

SVSU Board approves budget and tuition increase for 2024-25 academic year

Last updated: 06/18/2024 at 9:00 AM
Saginaw Daily Published June 18, 2024
Saginaw Valley State University approved a tuition increase of $431 per credit hour during the Board’s regular meeting on Monday, June 17.
SHARE

Saginaw Valley State University (SVSU) has announced several key decisions following the Board of Control’s regular meeting on Monday, June 17. Among the notable approvals is the general fund operating budget for the 2024-25 fiscal year, which includes a tuition hike for students. The tuition fee will rise to $431 per credit hour, reflecting a 5.6% increase from the previous year.

For Michigan undergraduate students taking 30 credits in the upcoming academic year, this translates to a total annual tuition of $12,930, up by $690 from the prior year’s cost. SVSU President George Grant Jr. emphasized that this budget will support continued investments in student safety, well-being, and career preparedness, underscoring the institution’s commitment to enhancing the overall student experience.

In addition to the budget approval, the Board ratified a new three-year labor contract with the SVSU Support Staff Association (MEA/NEA). This agreement includes a variety of wage increases for current employees, averaging around 4.3% in the first year, with those having the longest tenure receiving the largest boosts due to the addition of an extra pay step. Newly hired employees will benefit from pay increases ranging between 6% and 11% in their first year, depending on their classification. Over the next two years, members of the collective bargaining unit will see wage hikes of 2.5% in the second year and 2% in the third year. Additionally, the university will increase its contributions toward health insurance premiums.

The SVSU Support Staff Association represents 156 employees working in various secretarial, clerical, and facilities/maintenance roles. The Association members ratified the agreement on Wednesday, June 12.

The Board also approved several significant capital expenditures. They authorized up to $4.025 million to renovate the residence halls Great Lakes A-C, part of the First Year Suites complex. This move continues SVSU’s streak of being recognized for having the “best dorms” among all public universities in the U.S. for five consecutive years, according to Niche.

In a further effort to enhance campus infrastructure, the Board approved $600,000 for a transit gateway project to improve public transportation connectivity within the Great Lakes Bay Region. This project includes $500,000 in funding from the U.S. Department of Housing and Urban Development. Additionally, $400,000 has been earmarked for upgrading the university’s storage area network for Information Technology Services.

The meeting also saw the approval of promotions for 14 faculty members, effective July 1. Those promoted to professor are:

  • Prashanth Anekal, management
  • Cal Borden, biology
  • Kylie Jaber, economics
  • Julie Lynch, psychology
  • James McEvoy, biology
  • David Nichols, philosophy
  • Travis Pashak, psychology
  • Jennifer Stinson, history

The faculty members elevated to associate professor are:

  • Zachary Cohle, economics
  • Babak Lotfaliei, finance
  • Peggy Jones, mechanical engineering
  • Brian Maricle, biology
  • Aos Mulahuwaish, computer science and information systems
  • Kavindya Senanayake, physics

Kathleen Schachman has been reappointed as the H.R. Wickes Endowed Professor of Nursing, and Peter Rose-Barry will continue as the Finkbeiner Endowed Professor of Ethics.

Finally, the Board confirmed appointments to previously authorized public school academies, continuing its support for education in the wider community.

These decisions reflect SVSU’s ongoing commitment to academic excellence and improving the quality of campus life for its students and staff.

Saginaw Daily June 18, 2024
Share this Article
Facebook Twitter LinkedIn Email Copy Link Print
Advertisement

SD Newsletter

Stay up to date with the latest Saginaw Daily News & Happenings

Advertisement

Related News

Education

City schools’ version of ARPA becomes a bailout for millage overruns

July 16, 2024
Education

Saginaw Valley State University awarded $188,063 for behavioral health education initiative

June 4, 2024
Education

Saginaw ISD hires new Great Lakes Bay Early College and Saginaw County Juvenile Detention Center Program Director

January 23, 2024
Education

SVSU hires Noel Hornbacher to serve as VP for Administration and Business Affairs 

January 18, 2024
Saginaw Daily Icon
Your Neighborhood. Your News.

© 2024 Saginaw Daily. All rights reserved.

Saginaw Daily
  • About
  • Contact
  • Subscribe
  • Terms & Conditions
  • Your California Privacy Rights
  • Privacy Policy
News
  • Local News
  • Life & Culture
  • Sports
  • Health
  • Education
  • Business
  • Politics
  • Community Voices
  • Michigan News
Saginaw Daily
Welcome Back!

Sign in to your account

Lost your password?