Eastern Michigan University: Student Budget Support

Eastern Michigan University has a budget for students that includes tuition and fee costs, room and board, and other expenses. The annual tuition for Eastern Michigan University is $14,500, with an additional $11,396 for room and board. The total cost of attendance, including books, supplies, and other fees, is estimated to be $30,976 per year for full-time students. The university provides financial aid to approximately 68% of its students, including scholarships and grants, to help with the costs. The net price for students after financial aid is around $15,826. The university has committed to providing $55.7 million in financial aid for the 2023-24 academic year, reflecting a 60% increase in its financial aid budget over the last decade.

Eastern Michigan University's total cost for students is $31,664

The total cost for students at Eastern Michigan University is the same for both in-state and out-of-state students. This is because, as of Fall 2021, there is no longer a resident rate difference at the undergraduate level, and all online courses at Eastern Michigan University are charged at the in-state (resident) tuition rate.

Eastern Michigan University offers a range of scholarships and financial aid to help students with the cost of their studies. The University provides financial aid support to approximately 68% of its total student population and to about 90% of first-year students. This includes the Eastern Tuition Advantage scholarship, which provides free undergraduate tuition for four years to incoming students with a 3.0-grade point average and an annual household income of less than $60,000. The University also offers the Presidential Scholarship, which covers full tuition and room and board, and the 4WARD Graduation Scholarship, which covers full tuition in years three and four for students who live in an on-campus community for all four years.

The university provides scholarships for students with a 3.0 GPA and a household income of less than $60,000

Eastern Michigan University (EMU) offers a range of scholarships and financial aid to its students. The university is committed to minimizing costs for students and supporting their success. In the 2023-24 academic year, EMU provided $55.7 million in financial aid to its students, reflecting a 60% increase in its financial aid budget over the last 10 years.

One of the scholarships that EMU offers is the Eastern Tuition Advantage (ETA) scholarship. This scholarship is available to incoming first-year students who have a 3.0-grade point average and an annual household income of less than $60,000. The ETA scholarship provides free undergraduate tuition for four years, as long as the students continue to meet the family financial requirements and fill out the FAFSA (Free Application for Federal Student Aid) each year.

To be eligible for the ETA scholarship, students must be traditional first-year students under the age of 21 and must maintain a minimum 2.75 EMU cumulative GPA. They must also enroll in a minimum of 15 credit hours each fall and winter semester. The scholarship combines with the student's federal grants to cover the cost of tuition for up to 16 credit hours per semester for up to eight consecutive fall/winter semesters.

The ETA scholarship is a great opportunity for high-achieving students with financial needs. It reflects EMU's commitment to being an institution of opportunity and providing accessible education to all.

In addition to the ETA scholarship, EMU offers other scholarships such as the Presidential Scholarship and the 4WARD Graduation Scholarship, which provide full tuition coverage and other benefits to eligible students.

The average need-based scholarship for first-year students is $10,738

Eastern Michigan University provides financial aid to approximately 68% of its student population and about 90% of first-year students. The average need-based scholarship or grant awarded to first-year students at Eastern Michigan University is $10,738. This figure is calculated based on the student or their family's ability to pay for college, as outlined in the Free Application for Federal Student Aid (FAFSA).

The average net price for students receiving grants or scholarship aid at Eastern Michigan University was $15,826 in 2019-2020. This net price includes tuition and required fees, books and supplies, and the average cost of room and board, as well as other expenses. The total cost of attendance, including tuition, fees, room and board, books, and other expenses, is estimated to be $30,976 per year for full-time students.

The University's Eastern Tuition Advantage scholarship provides free undergraduate tuition for four years to incoming students with a 3.0-grade point average and an annual household income of less than $60,000. Additionally, the Presidential Scholarship covers full tuition and room and board, while the 4WARD Graduation Scholarship covers full tuition in years three and four for students living in an on-campus community for all four years.

Eastern Michigan University is committed to minimizing costs for students and supporting their success. The University's financial aid budget has increased by 60% over the last ten years, reflecting this commitment.

The university's tuition fees are $15,902 for in-state and out-of-state students

The tuition fees at Eastern Michigan University are $15,902 for both in-state and out-of-state students. This is more expensive than the national average cost of in-state tuition ($12,201) but cheaper than the national average cost of out-of-state tuition ($29,084). The total cost, including food and housing, books and supplies, and transportation and personal expenses, is $31,664 for both in-state and out-of-state students. The net price, after aid and scholarship funds are discounted, is $22,669 for in-state students and $22,446 for out-of-state students receiving need-based aid.

Eastern Michigan University offers a range of financial aid options to its students. The university has committed $55.7 million in financial aid for the 2023-24 academic year, reflecting its commitment to minimizing costs for students and supporting their success. The university provides financial aid to approximately 68% of its total student population and to about 90% of first-year students. This includes the Eastern Tuition Advantage scholarship, which offers free undergraduate tuition to incoming students with a 3.0-grade point average and an annual household income of less than $60,000. Other scholarships include the Presidential Scholarship, which covers full tuition and room and board, and the 4WARD Graduation Scholarship, which covers full tuition in years three and four for students who live in an on-campus community for all four years.

The university also offers need-based and merit-based financial aid. The average need-based scholarship or grant awarded to first-year students is $10,738, with 70% of first-year students receiving this type of aid. The average non-need-based scholarship or grant awarded to first-year students is $6,404. Eastern Michigan University met 46% of its students' financial aid needs.

In terms of student loans, the median federal loan debt for undergraduate borrowers at Eastern Michigan University is $25,000, with a median monthly payment of $265. Additionally, 11% of graduating students took out private loans, with an average debt of $23,706.

The university's Board of Regents approved a $317 million General Fund Operating budget for 2024-25

The Eastern Michigan University Board of Regents has approved a $317 million General Fund Operating budget for the 2024-25 academic year. This budget includes revenues from various sources, such as tuition and fees, state appropriations, investment income, and other revenue streams.

The breakdown of the budget's revenues is as follows:

• $220 million in tuition and fees
• $86.4 million in state appropriations
• $4.7 million in investment income
• $5.1 million in other revenue resources

The approved budget also outlines specific expenditures, including:

• $155.9 million allocated for personnel costs
• $63.1 million for University-sponsored financial aid
• A net transfer budget of $53.9 million
• $44.1 million for services, supplies, materials, and other expenses

The University demonstrates its commitment to supporting students by providing financial aid to approximately 68% of its total student population and around 90% of first-year students. This support is reflected in the budget, with a significant portion allocated to financial aid.

Eastern Michigan University's financial aid offerings include the Eastern Tuition Advantage scholarship, which provides free undergraduate tuition for incoming students with a 3.0-grade point average and an annual household income below $60,000. This scholarship can be renewed for up to four years if students maintain their academic standing and financial eligibility. The University also offers other scholarships, such as the Presidential Scholarship and the 4WARD Graduation Scholarship, which assist students with tuition, room, and board expenses.

The University's president, James Smith, emphasized the importance of addressing financial challenges faced by students and their families. He highlighted Eastern Michigan University's commitment to being an "institution of opportunity" and their dedication to providing financial aid as a key priority.

In addition to financial support, the University is also investing in updating academic facilities and enhancing student support initiatives. This includes the completion of the $200 million Welcome Home plan, which involves the construction of new campus apartment buildings and the renovation of residence halls with modern amenities.

The approved budget reflects Eastern Michigan University's comprehensive approach to supporting its students, both financially and through the development of academic and residential infrastructure.

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