ANN ARBOR, MI - The University of Michigan Athletic Department projects a $2 million surplus for the coming fiscal year, while reporting a $2.4 surplus for the current year.
UM Athletic Director Warde Manuel presented the budget, which projected operating revenues of $182.4 million and expenses of $180.4 million for the 2018 fiscal year, during the Thursday, June 15 Board of Regents meeting. The current budget year's surplus, Manuel said, was due to higher than anticipated licensing revenue and conference distributions.
University of Michigan offering free tuition for families making less than $65K
The University of Michigan is offering free tuition to in-state tuition for families earning up to $65,000, the university announced at its Thursday, June 15, Board of Regents meeting.