FY25 Budget Update
On Tuesday July 23, 2024, Governor Whitmer signed the Fiscal Year 2025 (FY25) budget (Public Act No. 120 of 2024) which funds MI Student Aid programs for Academic Year 2024-25. All programs received appropriations, which allow them to remain funded. Below you will find details on Academic Year 2024-25 State financial aid program updates.
Children of Veterans Tuition Grant (CVTG)
- Appropriation increased by $600,000 (shared with STG).
- No program changes.
- $2,800 annual maximum award.
Fostering Futures Scholarship (FFS)
- No program changes.
- $3,000 annual maximum award.
Michigan Competitive Scholarship (MCS)
- Appropriation reduced by $6,900,000.
- MCS eligible students at four-year private institutions will continue to be supplemented up to an additional $1,500 from MTG.
- $1,500 annual maximum award.
Michigan Indian Tuition Waiver (MITW)
- Bay Mills Community College has been added as an eligible institution.
MI Future Educator Fellowship (MI Fellowship)
- No program changes.
- $10,000 annual maximum award.
MI Future Educator Stipend (MI Stipend)
- No program changes.
- $9,600 stipend per semester of required student teaching.
MI GEAR UP
- No program changes.
- $2,000 annual maximum award.
Michigan Achievement Scholarship
- Appropriation increased by $30,000,000.
- Incarcerated students are eligible for the Michigan Achievement Scholarship.
- Final Michigan Achievement Packaging Guidance Now Available.
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Community College Guarantee
- No annual maximum award towards in-district tuition, contact hours, and mandatory fees.
- $1,000 Michigan Achievement Bonus Award for Federal Pell Grant eligible students.
- No Student Aid Index requirement.
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Four-year Public or Private College or University
- $5,500 annual maximum award towards Cost of Attendance.
- Michigan Achievement Scholarship Last-dollar Award redefined: must be applied towards tuition, contact hours, mandatory fees, and other costs up to the student’s Cost of Attendance.
Michigan Tuition Grant (MTG)
- Effective Academic Year 2024-25, students who have not initiated (received a paid award) in 2023-24 or prior will no longer be eligible for MTG.
- $5 million annual maximum for private or independent degree-granting, non-profit institutions.
- $3,000 annual maximum award.
Police Officer's and Fire Fighter's Survivor Tuition Grant (STG)
- Appropriation increased by $600,000 (shared with CVTG).
- No program changes.
- Award amount varies.
Tuition Incentive Program (TIP)
- Appropriation increased by $20,000,000.
- No program changes.
- TIP Phase I rate at private or independent degree-granting institutions is $131 per credit hour.
Additional communication will be shared by Sixty by 30 for the following programs:
- Futures for Frontliners
- Futures for Frontliners Path II
- Michigan Achievement Skills Scholarship
- Michigan Reconnect
- Michigan Reconnect Expansion
State Programs Procedures Manual/Web Site Updates
Updates to the State Programs Procedure Manual and the MI Student Aid Programs Page will be coming soon.
The Michigan Department of Lifelong Education, Advancement, and Potential is not affiliated with National Merit Scholarship Corporation or its registered trademarks National Achievement®, Achievement Scholarship®, or Achievement Scholar®.
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