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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 2022-23 (September 1 through August 31) was approved with P.A. 144 of 2022. The programs are as follows:

Program

FY21

FY22

FY23

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

$2,332,600

$3,000,000

$3,000,000

Fostering Futures Scholarship

$750,000

$750,000

$750,000

GEAR UP

$3,200,000

$3,200,000

$3,200,000

MI Future Educator Fellowship

 -

-

$25,000,000

MI Future Educator Stipend

-

-

$50,000,000

Michigan Achievement Scholarship

 - -

$250,000,000

Michigan Competitive Scholarship

$29,861,700

$29,861,700

$29,861,700

Michigan Tuition Grant

$42,021,500

$42,021,500

$42,021,500

Tuition Incentive Program

$68,800,000

$71,300,000

$71,300,000
TOTALS

$148,365,800

$151,533,200

$476,533,200

 

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.