Nearly $700m for students, independent colleges match state and federal student grants/scholarships $5 to $1

Student financial aid is often the tipping point for students making the choice to attend college or not. In 2024, Michigan independent colleges and universities invested nearly $700 million into students, provided scholarships and grants to keep college affordable and tuition low.

State and federal student grants and scholarships are an essential piece of student funding. Independent colleges and universities match these dollars at a rate of five to one. $5 in institution grants and scholarships for every dollar from state and federal student aid programs ensures that public investment in students stretches further at an independent college.