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House rewrites Michigan Achievement Scholarship, moves $1.1B SAF into scholarship fund and limits tuition growth
Summary
The House approved an H‑1 substitute to change higher‑education funding: large one‑time SAF deposits for expanded Michigan Achievement Scholarships, creation of campus investment funds for universities, and tuition‑restraint requirements tied to campus money.
The House Appropriations Committee advanced the H‑1 substitute to House Bill 45‑80, altering higher‑education funding by redirecting large one‑time School Aid Fund (SAF) deposits to an expanded Michigan Achievement Scholarship (MAS) program, creating campus investment funds for public universities and applying tuition restraints for institutions to receive those funds.
House Fiscal presented the changes, saying the House proposes a $1.1 billion SAF 1‑time deposit into the post‑secondary scholarship fund and a $170.6 million general‑fund deposit to cover awards for private institutions. Under the House plan MAS awards would be revised to pay up to $5,500 for resident students at four‑year institutions and up to $2,750 for community‑college students; awards to public universities were capped at $828.1 million and private institutions at $170.6 million, with community colleges capped at $276.4 million. The House also…
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