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LANSING -- Michigan Gov. Gretchen Whitmer launched a new webpage Wednesday to help the graduating class of 2023 apply for the Michigan Achievement Scholarship and lower their cost of college by thousands of dollars a year.
Students should fill out their Free Application for Federal Student Aid as soon as possible to save up to $8,250 over three years as they earn their associate degree at a community college, up to $20,000 over five years at a private college, or up to $27,500 over five years at a public university, officials said.
"For too long, high costs have been a barrier to higher education," said Whitmer. "I am so excited that we worked across the aisle to establish the Michigan Achievement Scholarship, lowering the cost of college by thousands of dollars a year for the vast majority of graduating seniors, starting with the class of 2023. All students need to do to get their Michigan Achievement Scholarship is fill out their FAFSA. I encourage every student going to community college, private college, or a public university in Michigan to speak with their parents or guardian, get their documents together, and fill out their FAFSA to save thousands of dollars."
The Michigan Achievement Scholarship will make additional education possible for the majority of Michigan's new college students after they earn their high school diploma or equivalency, said Sarah Szurpicki, director of the Office of Sixty by 30.
To make college more affordable for families, grow Michigan's talent pool, and get the state closer to achieving its Sixty by 30 goal, the governor signed bipartisan legislation creating the Michigan Achievement Scholarship.
This goal is to have 60% of the state's adults with a skill certificate or college degree by 2030.
Starting with the class of 2023, graduates are eligible for annual scholarships up to:
-- $2,750 at a community college
-- $4,000 at a private college or university
-- $5,500 at a public university
The scholarships are renewable for up to 3 years at a community college and up to 5 years at a private college or public university.
Students will be eligible if their family demonstrates financial need when they complete the FAFSA. The Michigan Achievement Scholarship will cover:
-- 94% of students attending community colleges.
-- 79% of students attending a private college or university.
-- 76% of students attending a public university.
For more information, go to Michigan.gov/MIStudentAid.