There are a number of both state and federally funded financial aid programs to help Michigan students obtain their postsecondary degrees.
Financial aid is divided into three basic types:

1. Scholarships and Grants
   Scholarships and grants are based on a student's financial need.
2. Self-help Financial Aid (Student Loans)
   Self Help Financial Aid includes financial aid which students earn or payback such as federal and private student loans as well as federal and state work-study programs.
3. Specialty Program Financial Aid
   • Michigan Nursing Scholarship Program
   • Michigan Engineering Incentive Program
4. College Savings Plans
   If started early enough, college savings programs can be a tremendous help by either locking in tomorrow's tuition rates at today's prices or by building tax-free savings to be used later for college expenses.
   • Michigan Education Trust (MET)
   • Michigan Education Savings Program

For more information on financing a college education, including complete lists of all state and federal scholarships, grants, self-help aid, and specialty program financial aid, please visit the Michigan Paying for College website and click Prospective Student .