Michigan Tech: This used to be handled strictly through funding in the graduate school, but we convinced our folks in finance and budgeting that it ought to be handled through he fringes pool. The funds are drawn from that pool so that externally and internally supported students are covered in the same way.
We allow undergrads to take grad level classes by permission of the instructor. The classes can be counted toward the undergrad degree (as electives, for example). Undergrads can use what we call, senior rule, to take graduate level classes that can be counted toward the graduate degree. The catch is that those credits cannot be counted toward the undergrad degree. In other words, they can take the class and pay the undergrad tuition for it, but perhaps count it toward a graduate credential, either at Tech, or by transferring it to another university. Senior rule is typically capped at 6 credits.
