U-M puts focus on academic excellence, student experience in FY2016 budget

http://ns.umich.edu/new/releases/22964-u-m-puts-focus-on-academic-excellence-student-experience-in-fy2016-budget

The budget, which covers the fiscal year that begins July 1, includes an 8 percent increase in undergraduate financial aid. As a result there will again be no increase in the net cost of attendance for most students with financial need.