President Mark Schlissel urged state lawmakers Thursday to provide more funding for direct-to-student need-based financial aid as a way to boost degree attainment, cut student debt, improve the state economy and increase per-capita income.
The University of Michigan will prioritize strategic investments in undergraduate education and increased access and affordability for Michigan residents in the coming fiscal year, according to the 2019 general fund budget for the Ann Arbor campus approved June 21 by the Board of Regents.
The University of Michigan-Flint will invest in a comprehensive strategy to transform its curriculum and learning environment using a student-centric perspective, according to a budget approved June 21 by the Board of Regents.
The $115.5 million general fund budget outlines spending for the 2018-19 fiscal year, which begins July 1.
Here is what members of the Board of Regents are saying about the "Go Blue Guarantee."
The University of Michigan will launch a new financial aid program for in-state students that offers a "Go Blue Guarantee" of free tuition for up to four years for students with family income of up to $65,000.
In a pilot program launching this fall, the University of Michigan will test a new approach to connecting with high-achieving, low-income students across the state — with the goal of enrolling more of them on the Ann Arbor campus.
Using simplified infographics and jargon-free language, a newly launched affordability portal makes it easier for prospective in-state students and their families to understand the true costs and benefits of attending the University of Michigan.
The University of Michigan is taking multiple steps to put the issue of student financial literacy front and center through a variety of initiatives, including a one-credit mini-course through LSA, a debt-awareness initiative and a continuing partnership with the National Endowment for Financial Education.
President Mary Sue Coleman wants to ensure that more students travel abroad to experience other cultures firsthand, seek solutions to world problems and learn to thrive in a dynamic global environment.