OOS financial aid. Is it really as bad as some say?

excanuck99
Mon, 08 Feb 2016 08:35:00 +0000

@umcoe16 - UM has long described itself as a “state assisted” university, which is more accurate than “state university”. State funding has been steadily declining since the early 80s and tuition and a growing endowment fund the vast majority of the university’s operations. Hence it is that Michigan has a growing financial aid program. State money doesn’t fund this but endowment income. Moreover, Michigan sees itself as a “national” university. Attracting the very best student is key to the university’s success. I’m happy to say that Michigan legislators appreciate this fact.