The bill details award amounts for the new “Michigan Achievement Scholarship.”
Governor Gretchen Whitmer says eligible Michigan high school graduates can potentially receive a few thousand dollars in aid.
“I’m really excited about this because I knew it’s going to make a difference in the lives of so many young people in our state. As we think about ensuring that Michigan is a place that can attract and retain young talent, leveling the financial barrier is one important aspect to doing that.”
The graduating class of 2023 will be the first to receive the scholarships.
The new legislation also requires the amount of money put into the “Postsecondary Scholarship Fund” increase by 50-million-dollars each year until it fully covers the costs of the program.
