Studying in Michigan is an excellent choice for those looking to pursue higher education. With renowned universities like the University of Michigan and Michigan State University, students have access to some of the best learning opportunities in the world. University of Michigan – Ann Arbor, in fact, comes in the top 30 universities in America. In terms of education overall, Michigan ranks at #37 according to the U.S. News state education rankings.
Michigan houses around 491,957 students who are enrolled in higher educational institutions and the majority of them are undergraduates. The total college student enrollment in the state makes up about 2.6% of the total national college student enrolments – as around 18.58 million college students are studying in the U.S.
Many of the students, however, are unable to attend high-ranking institutions due to high tuition costs. Most who do attend good schools are studying with student loans and per student debt in Michigan equals $36,116. The state’s total student debt is one of the highest being more than 50 billion. This high debt has many problems associated with it for both the state’s government and the students.
The high debt restricts the state from spending more on other important programs. The students also suffer as they have to give up part of their monthly income to make repayments. Therefore, students must look for and exhaust all other financial aid options that are not a form of credit before moving on to loans to avoid rising debts. Scholarships and grants are the best alternatives to finance your education.
We have listed the best Michigan Scholarships available for Michigan students pursuing higher education. There are more than 30 scholarship options that can help pay for tuition and also other college-related living expenses. We have also provided detailed information on how to apply for Michigan Scholarships and some tips to win them.