by Geoff Larcom, Published October 30, 2012
YPSILANTI – Eastern Michigan University has continued its powerful commitment to helping students succeed, with plans to award more than $38 million in financial aid in 2013-14.
The Eastern Michigan University Board of Regents approved the financial aid package of scholarships, awards and grants proposal at its regular meeting Oct 30.
The financial aid proposal represents a more than $2.6 million increase (7.5 percent) over the 2012-13 budget of $35.4 million. During the past six years, Eastern Michigan has increased its student financial aid by 78 percent (including the 7.5 percent proposal for FY14), reflecting its continuing commitment to help Michigan students and families in a challenging economic environment.
"The University and the Board of Regents strongly believe in supporting our students and helping them reach their academic and career goals," said Susan Martin, president of Eastern Michigan University. "Our continuing and dramatic increases in student aid highlight the University's significant financial investment in our students' success. This will remain a priority for Eastern."
The $38 million approved financial aid budget includes $25.9 million for scholarships, awards and grants; $7.million for athletic grants-in-aid; $650,000 for federal and state matches; and nearly $4.4 million for graduate aid.
Among the noteworthy increases are nearly $5.9 million for Emerald Scholarships, yearly renewable awards of $1,500 to $4,500 a year to incoming freshmen that are based on GPA and test scores.
The increase in financial support is further evidence of Eastern Michigan's determined efforts to help Michigan students and their families during the current economic climate.
Over the last four years, tuition at Eastern has increased by only $32 per credit hour, an average of 2.86 percent - far less than all other Michigan public universities during that period.
For more about financial aid at Eastern, visit http://www.emich.edu/finaid/