GPA for Umich

Michigan, before the current fund raising drive, had sequestered $1,700,000,000 to generate FA. With returns, that figure has grown. Michigan is also seeking $1,000,000,000 for FA generation as one of the 4 major themes of the current capital campaign. Ten years ago Michigan gave out something like $100,000,000 in aid; last year I think the figure approached $185,000,000, so the picture is improving. I would venture to guess that with the new campaign and given 10 more years of average (8%-10% growth/year), the amount for FA will be quite material.