This club doesn’t organize intramural sports or plan keg parties or produce the yearbook. It pores over dense financial documents to examine how the university handles its money. One kind of risky deal they unearthed, the students in the group say, cost the school more than $130 million at a time when tuition was increasing much faster than the national average.
Across the state, at the University of Michigan, lecturers and graduate students negotiating for higher salaries and benefits have been drilling into that institution’s operating budget, finding what they say is a $377 million surplus it’s enjoying from their comparatively low-paid labor.