Notice: Undefined index: articledetail in /home/utils/securefiles/securecode/utl_article.cls.php on line 643
MI Tuition Up |
College Loan Consolidation, Federal Loan Consolidation, Private Loan Consolidation, Student Loan Consolidation

America's Top Student Loan Provider

MI Tuition Up
MI Tuition Up
The cost of college for Michigan students is expected to shoot up this year. However, the hike won't be as steep as in past years. While last year, the state's public universities had increased tuition by 7 to 18.5 percent, this year's increase is expected to be much lower. Students and their families can also take into account the state's proposed 3 percent increase in financial aid.

For the 2006-2007 academic year, tuition will rise by 5.9 percent for in-state undergraduates at Michigan State University. The hike has been recently approved by a vote by the Board of Trustees of MSU. The increase will cost students $453 more than last year, bringing tuition and fees to about $8,170.

Though some colleges are still in the process of setting their tuitions for fall, the highest increase in a year so far has been at Michigan Tech, which is slated to raise tuition by 8.7 percent. The lowest, a 4.8-percent tuition increase, has been reported at Northern Michigan University.

More Aid In Or
The Oregon State Board of Higher Education has accepted a proposed budget request for $988 million to aid the state's seven public universities. In a meeting at Portland University, the Board agreed to ask for a $256-million increase from the current $732 million budget. In the meeting, Gov. Ted Kulongoski spoke of an enhanced model for financial aid that would expand the Oregon Opportunity Grant program by expanding eligibility requirements and making post-secondary education affordable to more students.

According to the proposed model, students would pool in towards their college cost a similar amount of their salaries by working 40 hours per week in summers, and part time for the school year. The amount would be about $4,750 from a minimum-wage job. A four-year school student would have to contribute an additional $2,750.

The families of the students would then be asked to contribute, and the students would need to fully utilize the federal grant programs and tuition tax credits. Even after this, if the student falls short of the money required, the state would step in to fill in the space. The funding would be partly made from the governor's enterprise funding budget, and is expected to start by school year 2008-2009.

Hispanics Need More Aid Info
According to a survey conducted by the Tomas Rivera Policy Institute last month, Hispanic youth are under-informed about financial aid. A total of 400 Hispanic youth aged 18 through 24 were interviewed; half of the respondents had never attended any college or university.

Though the Institute focused its survey on California Latinos, other geographical areas can apply the same data due to the diversity of California's Hispanic population.

More than half of the respondents believed that U.S. citizenship was a prerequisite to applying for financial aid, although this assumption is incorrect. They also reported a distressingly high lack of knowledge about financial aid, including eligibility for grants such as the federal Pell Grant.

Although a full 98 percent of those surveyed admitted the importance of obtaining a college degree, a mere 62 percent said they thought the benefits of higher education would outweigh the costs.

The Tomas Rivera Policy Institute is a nonprofit research organization headquartered at the University of Southern California.

Update On New Bill
Over the past week, Northwestern University officials have been trying to contact around 17,000 students and applicants to the school whose personal information may have been compromised after hackers broke in to nine on-campus desktop computers.

In May, another hacker-related incident resulted in a breach of I.T. security in the Office of Admissions and Financial Aid. However, it is currently unknown whether this month's hackers have gained access to students and applicants' personal information, including Social Security numbers. Chuck Loebbaka, the school's director of media relations, stated that the hackers may not have even known this information was available on these particular computers.

FL Goes To Summer School
In five years, Florida public universities will see an additional 65,000 students attending each year. Mark Rosenberg, chancellor of the state's public universities, recently told that he is proposing a year-round system that may help 30,000 more students to enroll each summer.

Thousands of students already take summer courses in the state; Rosenberg feels that core classes could be offered more systematically, allowing more students to graduate on time.


Article Title : MI Tuition Up
Comment not found for this article.

Share this story:
  • BlinkList
  • blogmarks
  • Digg
  • Facebook
  • Google
  • Sphinn
  • MySpace
  • NewsVine
  • Simpy
  • StumbleUpon
  • Technorati
  • E-mail this story to a friend!
  • Print this article!
  • Faves
  • Furl
  • Netvouz
  • Slashdot
  • Spurl
  • Yahoo! Buzz

EdFed introduces… Awareness… Learnal
At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!

How EdFed Helped others!
I want to thank EdFed for hanging in there with me. It has been greatly appreciated. thank you.
- John H.  Atlanta, GA
* Your Name: * Your E-mail Address:

We respect your privacy.
* Your Friend's name: * Your Friend's E-mail address:
Include a Message:
+ Privacy Policy

Student Loan Consolidation Info - How to Choose the Right Loan Company

This column is sponsored by Granted, America's top job search engine. The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.

Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

read more
Schools Will No Longer Receive Paper FAFSA Forms
(September 20, 2007)

news desk
Stafford Loan Payment Calculator
PLUS Loan Payment Calculator
Loan Consolidation Payment Calculator
Glossary of Terms
Loan Comparison Chart
Scholarship Search
EdFed's borrower benefits program enables you to reduce your interest rate by an additional 0.25% for using our automatic debit program.
US School Directory
Comprehensive List of Schools at which EdFed Assists Students.
EdFed is a FFELP lender with lender identification number 834241.
© Copyright 2020 EdFed. All Rights Reserved.

Home · About Us · Contact Us · News · Sitemap
Career Advice · Tell a Friend · Privacy Policy · Resume Service
Resume Distribution Service · Post Resume · Job Search Course
Sign up for the latest news on student loans.
Email Address:
+ Most Recent Newsletter
+ Newsletter Archives