October 3, 2005

Should UM become a private school?

In her weekly column, Crain's publisher Mary Kramer raises the question of whether the University of Michigan should become a private school. "Of the state's 15 public universities, UM relies on public dollars least," she writes. "The $318 million in state money it gets is less than 10 percent of its general operating budget." Kramer cites a published interview with Robert Beam, CFO of Western Michigan University, who reportedly said CFOs of the 15 universities think it is just a matter of time. "Privatizing could free UM from state tuition restraints," Kramer says, noting that the Ann Arbor university "long has been the 'affordable' alternative to Ivy League schools."

Subscribe to Today@Wayne

Direct to your inbox each week

Related articles