MICU members provided $984 million in institutionally funded aid in 2015
During 2015, Michigan's independent, non-profit colleges and universities provided nearly $984 million to students in the form of grants, scholarships, and tuition discounts. This funding is provided on top of Pell Grants, the Michigan Tuition Grant, and other federal or state funded student aid.
MICU member institutions provided $495 million in grants and scholarships and another $489 million in tuition discounts to students. This comes to a total of $984 million or $11,500 per student when dividing total funding provided by all students enrolled. In comparison, public universities in Michigan provided $6,406 per student in institutional aid during 2015.