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Explore the Possibilities: 2019-2020 Guidebook

 

New Higher Ed Guidebook Details Independent, Nonprofit Postsecondary Options for Michigan Students  

Publication Shares Details for Choosing—and Paying For—Education After High School

Michigan students who want to know more about obtaining a degree now have a valuable tool at their disposal, thanks to an innovative partnership between Michigan Independent Colleges and Universities and the Michigan College Access Network.

Private Capital Public Purpose

$1 Billion Investment in Infrastructure at Michigan’s Independent Colleges and University Supports Nearly 6,500 Jobs and $600 Million in Income for Michigan Workers

New Report Details Economic Contributions of Capital Investment Projects

Privately-funded building and infrastructure projects at Michigan’s independent colleges and universities have a powerful economic effect on communities throughout the state according to a report issued today by Michigan’s Independent Colleges and Universities (MICU).

Average net price on the decline for students in need

avg net price

The average net price of attendance is often used as an indicator of affordability at colleges and universities across the nation. This is in comparison to the "sticker price" for tuition. While the "sticker price" for tuition is often viewed as a daunting number, most students and families do not pay the full amount and the net price of attendance is a more accurate example of college costs.

Tuition growth slows in comparison to inflation

Tuition growth and inflation

In 2018, inflation was 2.4 percent while the average increase in college tuition at public universities in Michigan was 1.2 percent and was just 1.0 percent at independent, non-profit colleges and universities.

The rising cost of higher education is a common discussion topic. Institutions of higher education know that the cost of attendance is an extremely important factor to consider for families and students. In Michigan, colleges and universities work hard to keep tuition affordable for all students.

33% of students at independent institutions are minorities

Independent higher education institutions enroll strong numbers of minorities in undergraduate education programs. 

The minority population in the state of Michigan represents about 21 percent of the total state population. However, at higher education institutions and community colleges, that percentage goes up to 30 percent or greater.

Minority student enrollment remains strong

minority enrollment 2013-2017

Michigan is a declining enrollment state for higher education with fewer high school students, and thus graduates, attending college. Enrollment trends, however, differ depending on which student group is being analyzed. 

For minority students, undergraduate enrollment in four-year degree programs remains strong.

MTG recipients complete degrees sooner

MTG grad rates

Grants and scholarships are meaningful for Michigan's students. Receiving a grant to help pay for college helps students not only reduce the amount of loans they need to take but also reduces financial anxiety around paying for college leading to better outcomes.

The Michigan Tuition Grant gives students with financial need an extra boost in funding and also encourages students to complete their degree on time.

Bachelor's degrees awarded 2008-2017

BAs 2008-2017

Welcome to the first Independent Indicators issue of 2019! 
MICU member institutions have awarded 117,301 bachelor's degrees over the past decade (2008-2017). This represents 22 percent of the total bachelor's degrees awarded in Michigan between 2008 and 2017.

Also, with 20 percent growth in the number of degrees awarded since 2008 and a continuing strong number of awards conferred each year, Michigan's independent colleges and universities are a significant contributor to Michigan's talent needs.

Tuition falling, inflation rising

The rising cost of college and the need to control it has been a drumbeat heard consistently for the past several years in Michigan. However, the opposite is true. Real college costs in Michigan are, in fact, falling and have been for the past four years.

Whether students attend an independent, non-profit college or university or choose a public university, the average cost of attendance is falling in comparison to inflation.
 

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