Skip to main content

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 2023-24 (September 1 through August 31) was approved with P.A. 103 of 2023. The programs are as follows:

Program

FY22

FY23

FY24

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

$1,400,000

$1,400,000

$1,800,000

Dual Enrollment Program

$3,000,000

$3,000,000

$3,000,000
Futures for Frontliners/Path II FY 21 carry forward + $25,000,000 FY 22 carry forward FY 23 carry forward

Fostering Futures Scholarship

$750,000

$750,000

$750,000

MI GEAR UP Scholarship

$3,200,000

$3,200,000

$3,200,000

MI Future Educator Fellowship

-

$25,000,000

$25,000,000

MI Future Educator Stipend

-

$50,000,000

$50,000,000

Michigan Achievement Scholarship/Skills Scholarship

-

$250,000,000

$300,000,000

Michigan Competitive Scholarship

$29,861,700

$29,861,700

$21,461,700

Michigan Tuition Grant

$42,021,500

$42,021,500

$42,021,500
Michigan Reconnect Scholarship FY 21 carry forward + $40,000,000 FY 22 carry forward + $40,000,000 FY 23 carry forward + $45,000,000 + $70,000,000

Tuition Incentive Program

$71,300,000

$73,800,000

$84,800,000
TOTALS

$216,533,200

$519,033,200

$647,033,200

 

Historical Funding

Since 1964, Student Scholarships, Grants and Outreach (SSGO) 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.