Magazine article Black Issues in Higher Education

University of Michigan to Offer Grants for Needy Students

Magazine article Black Issues in Higher Education

University of Michigan to Offer Grants for Needy Students

Article excerpt

ANN ARBOR, MICH.

Nearly 3,000 needy undergraduate students at the University of Michigan would see their tuition bills lowered under a new grant program.

The program, called M-PACT, would allow the students to tap into $3 million a year in grants, in addition to any other scholarships or loans they might receive. The students would receive between $500 to $1,500 a year.

Students from families earning $20,000 a year or less would be helped the most. By adding the $1,500 M-PACT grant to other financial aid and work-study payments, a low-income student could cover up to 80 percent of the $18,200 annual cost of tuition, room and board and other expenses.

But some students with household incomes as high as $70,000 would also receive assistance under the program, depending on their family situation and assets, the Detroit Free Press reported last month.

"About 18 percent of our students come from homes of very modest means," said university president Dr. Mary Sue Coleman, who announced the program at the Midwest regional forum of the College Board in Chicago.

"We need to reach these families by talking about the program so they will encourage their sons and daughters to apply to the University of Michigan. We are determined to tear down the barrier of cost for Michigan students of every financial circumstance."

Recent changes in the federal formula for awarding Pell grants, the principal federal grant program for college, will cause 1,677 of Michigan's 3,335 undergraduates receiving the grants to lose about $400, says Margaret Rodriguez, senior associate director of the university's financial aid office. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.