The Board of Regents at Eastern Michigan University approved plans for a $52.6 million financial aid budget for students during the 2022-23 academic year on Oct. 14.
The approved budget seeks to minimize net costs for students by offering a high level of financial support, according to EMU. The financial aid budget will fund scholarships, grants, and funds.
“It is critical we continue to support the financial needs of our students in a way that supports their academic, social and career needs, while also responding to this unprecedented world health crisis,” EMU President James Smith said in a written statement.
The general fund’s scholarships, awards, and grants request is presented to the Board of Regents every October before the next student recruitment cycle. The request assumes 2,200 new students will be admitted and undergraduate tuition and fees will increase by 3% during the 2022-23 academic year.
“We're aware that the pandemic has taken a toll on the mental health and economic well-being of many Americans,“ Melissa Thrasher, director of media relations at EMU, said. "As individuals face various hardships, Eastern Michigan University is able to provide institutional financial aid funds to enable qualified students to attend and graduate from EMU."
This year’s request to the board is a decrease of $689,375 compared to the proposed budget for the 2021-22 academic year, which was $53.3 million.
Eastern Michigan University offers a variety of scholarship opportunities for students. A full list is available at www.emich.edu/finaid/types/scholarships/index.php.