WMU Reliance Upon, and Financial Sensitivity to, Specific Markets, and Revenue Streams
These metrics define Western Michigan University's reliance on specific markets and revenue streams, providing a basis for evaluating the University's financial sensitivity to shifts in funding streams.
Net revenue from tuition and fees was $221 million in fiscal year 2022, $215 million in fiscal year 2023, $215 million in fiscal year 2024, $204 million in fiscal year 2025, and $212 million in fiscal year 2026.
Percentage of total revenue from tuition and fees was 40.31% in fiscal year 2022, 32.09% in fiscal year 2023, 33.28% in fiscal year 2024, 31.11% in fiscal year 2025, and 33.19% in fiscal year 2026.
Revenue from tuition and fees, state appropriation, Auxiliary and other was $408 million in fiscal year 2022, $495 million in fiscal year 2023, $459 million in fiscal year 2024, $417 million in fiscal year 2025, and $428 million in fiscal year 2026.
The share of costs was 30% state, 54% student for fiscal year 2022; 42% state, 43% student for fiscal year 2023; 36% state, 47% student for fiscal year 2024; 30% state, 49% student for fiscal year 2025; and 30% state, 50% student for fiscal year 2026.
State appropriation per full-year equivalent student was $7,840 in fiscal year 2022, $14,159 in fiscal year 2023, $11,582 in fiscal year 2024, $8,747 in fiscal year 2025, and $8,875 in fiscal year 2026.
*During fiscal year 2023, the University received two special allocations from the State of Michigan totaling $87.5 million to decrease its proportionate share of the Michigan Public School Employees Retirement System (MPSERS) net pension liability.