Funding and Annual Reports

Funding and Annual Reports

Current Fiscal Year (FY) Funding – October 1 through September 30

Student aid programs and funding are authorized annually as part of the state's budget process and are subject to change. Program funding for Academic Year 2019-20 (September 1 through August 31) was approved with P.A. 62 of 2019. The programs are as follows:

Program

FY18

FY19

FY20

Children of Veterans Tuition Grant and Police Officer’s and Fire Fighter’s Survivor Tuition Grant 

$1,400,000 

$1,400,000 

$1,400,000 

Dual Enrollment Program 

$1,507,600 

$2,007,600 

$2,007,600 

Fostering Futures Scholarship 

$750,000 

$750,000 

$750,000 

GEAR UP 

$3,200,000 

$3,200,000 

$3,200,000 

Michigan Competitive Scholarship 

$26,361,700 

$32,361,700 

$32,361,700 

Michigan Tuition Grant 

 $38,021,500

$38,021,500 

$0 
Tuition Incentive Program 

$58,300,000

$64,300,000

$64,300,000
TOTALS

$130,040,800

$142,040,800

$104,019,300

Historical Funding

Since 1964, SSG has provided funding for scholarships and grants exceeding $5 billion, serving more than four million Michigan students to achieve their higher education goals.

All future awards are subject to approved and available funding.