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.
Record research volume, a strong financial position featuring unprecedented levels of fundraising and the rollout of the innovative Go Blue Guarantee are just three of the highlights in the university’s fiscal year 2018 annual report, made available this week in a digital format.
The University of Michigan has “substantially decreased the average net price for students” from low-income backgrounds and has worked aggressively to recruit them to apply.
Nearly 26 percent of in-state undergraduates at the University of Michigan pay no tuition this fall due to university financial aid, including nearly 1,700 students under the landmark Go Blue Guarantee.
As the University of Michigan prepares to implement the Go Blue Guarantee — offering four years of free tuition for in-state students from families with an annual income up to $65,000 starting in January 2018 — it remains a top choice among prospective students and families.
The University of Michigan is ranked No. 3 by Money Magazine's "Best Colleges for Your Money."
The ranking looked at 711 colleges and evaluated them on 27 factors within three broad categories: educational quality, affordability and alumni success.
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.