The College Board www.collegeboard.com publishes an annual survey of college pricing. For the 2011-12 school year, these average costs are approximated below:
Although most student aid comes in the form of federal education loans and grants from colleges, scholarships—with their lure of free money—get a huge amount of attention from students and their parents. If you and your child decide to invest your time in a search for scholarships, it's important to have an organized system to find, apply for, and win scholarship money.
More than $143 billion in financial aid is available to students and their families.
About two-thirds of all full-time undergraduate students receive grant aid. In 2008-09, estimated aid in the form of grants and tax benefits averaged about $2,300 per student at public two-year colleges, about $3,700 at public four-year colleges, and about $10,200 per student at private four-year colleges.
In short, everyone qualifies for some form of financial aid in Michigan as long as the student meets some basic requirements such as being:
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The State of Michigan website has comprehensive information on financing your child's education: