Good news for students who plan on attending Eastern Michigan University. During the October monthly meeting, the school’s Board of Regents made the unanimous decision to increase available scholarship funding by $2.65 million, bringing the total fund to $38.1 million in aid and grants.
Why the Increase?
Eastern Michigan University is enjoying the largest enrollment numbers in its history. The previous record was set at 4,571 incoming students in 2001. This year, that record was broken when 4,892 students registered, a 24% increase over fall 2011 semester. To celebrate this increased enrollment, and to give something back to students, university officials have approved this financial aid increase.
How the Money Will Be Awarded
Of the $38.1 million to be awarded for the 2013-2014 school year, around $26 million will be awarded to undergraduate students. In addition, $4.4 million will provide graduate scholarships, and $7.1 million will go toward athletic scholarships. The remaining $600,000 will go toward matching federal grants.
The greatest increase will go to the existing EMU scholarship fund, the Emerald Scholarship. This scholarship goes to incoming freshmen with at least a 20 ACT score and a minimum GPA of 3.0. This year, there were 1,920 Emerald Scholarships granted. For the 2013-2014 school year, this number will increase to 3,775 equaling $10 million in funds.
Cuts to Some Programs
This great increase in Emerald Scholarships is possible in part because of reductions in other funds. Around 1,000 less students will receive need-based grants from the university next year. In addition, there will be a $134,000 decrease in graduate scholarships.
Even with the reduction in certain university aid programs, now is an exciting time to become an EMU student. There are more scholarships available than ever before, making it easier than ever to get the degree you want at a price you can afford.