U-M unveils the “Go Blue Guarantee”
Addressing the issue of college affordability head on, the University of Michigan has introduced a new financial aid program for in-state students that offers a guarantee of free tuition for up to four years on the Ann Arbor campus for students with family incomes of $65,000 or less. Said President Mark Schlissel at the June 2017 announcement: “The ‘Go Blue Guarantee’ cuts through the complexities of financial aid to help us reach talented students from all communities in our state.”
The Go Blue Guarantee amplifies the university’s longstanding commitment to meet financial need for all in-state students, and it does not reduce any need-based aid for students from families earning more than $65,000. In fact, many students from qualifying families earning up to $180,000 a year are awarded tuition assistance.
With the help of donors, U-M has been able to increase the undergraduate financial aid budget by an average of 11.3 percent per year over the last decade, well outpacing the 4 percent-per-year average increase for in-state undergraduate tuition. That means it actually costs less today to attend U-M than it did 10 years ago for many in-state undergraduate students who receive need-based financial aid.