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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.