LANSING, MI (WKZO AM/FM) — Those set to graduate high school in 2023 now have a new resource on hand to help lower the cost of college.
Prospective students can now apply for the Michigan Achievement Scholarship on the newly launched Michigan.gov/MIStudentAid website.
Under the program, graduating seniors may be eligible for an annual scholarship of nearly $2,800 dollars at a community college, $4,000 at a private college or university, and more than $5,000 for public universities.
Education officials are urging students should talk to their parents or guardian, gather documents, and 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.
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, totaling up to:
- $8,250 at community college
- $20,000 at a private college or university
- $27,500 at a 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, visit Michigan.gov/MIStudentAid.
