According to a report from the Higher Education Washington, Inc., NewsLine, the University of Michigan is expanding its M-PACT financial aid program. More than 400 UM students will see the effects immediately and save at least $5,000 a year because of these changes. The M-PACT program replaced student loans with grants for the neediest students and is part of a 10-percent increase in financial aid grants for both new and returning Michigan students. About two-thirds of UM students receive some form of merit- or need-based financial aid.
Washington, D.C. - After 11 grueling months, eight meetings, and numerous emails, the Commission on the Future of Higher Education has finally agreed to send their final report to U.S. Education Secretary Margaret Spellings.