Paying for education after high school is a lifelong investment in achieving life's goals. Getting there may require the assistance of resources including the federal and state government, private financial institutions, family contributions and individual savings.
A source of financial aid that does not have to be repaid and is based on demonstrated need in your FAFSA. These could be federal, state, college or community foundation awards.
A source of financial aid that does not have to be repaid. Scholarships may be awarded based on any number of criteria, such as academics, achievements, club participation, hobbies, talents, and affiliations with various groups, or career aspirations. These could be federal, state college or community foundation awards.
A need-based student employment program, in which eligible
students work part-time and earn payroll wages to help fund their education
related expenses. These are federal awards.
Loans are included as an optional funding source for students and their parent(s), who promise to repay a specified amount, including applicable interest. These could be federal loans and/or private loans each with different interest rates and repayment options/requirements.
It's important to be a responsible borrower when it comes to going to school.
MI Student Aid: Compare College Costs Spreadsheet
Federal Student Aid: Borrower Defense
Federal Student Aid: Entrance Counseling
Federal Student Aid: Loan Simulator
Federal Student Aid: Exit Counseling
Michigan offers several 529 college savings programs to assist you in saving for future college expenses.
MI Student Aid offers a number of scholarships, grants, and outreach programs. Find out which ones you may be eligible for.
There are a variety of federal financial aid programs available. Learn more about filing a Free Application for Federal Student Aid (FAFSA) and more.
There are free student debt clinics available for borrowers. Here are a few organizations to help you get started.
Student Loan Borrower Resource Center
American Federation of Teachers (AFT)
American Federation of State, County and Municipal Employees (AFSCME)
Check out and compare the financial aid options and eligibility requirements at your Michigan colleges.
Net Price Calculators help to provide what the estimated costs are to attend a college after financial aid has been applied.
U.S. Department of Education Net Price Calculator Center
Michigan Independent College and Universities Net Price Calculators
This resource will help you have a better understanding of the sources of financial aid you have been awarded.
