Monday, November 09, 2009 at 8:32 p.m.
Read more: Local, State, Education
BIG RAPIDS, Mich. (AP) - Ferris State University says it will make up $1.15 million its students lost this fall with the state's failure to renew the Michigan Promise Grant.
University President David Eisler said Monday the aid goes to 1,312 Ferris students who'd expected to get the Michigan Promise Grant. That's 10.4 percent of Ferris undergraduates.
The Big Rapids school says it will cover the cost for the fall semester.
In addition, Ferris says it will cover the 50 percent cut in the Michigan Competitive Scholarship. That affects 616 students, or 4.9 percent of undergraduates.
Eisler says a one-time $1.3 million federal stimulus grant will pay for the aid.
Ferris says its financial aid requests rose 13.4 percent this school year.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
AP-NY-11-09-09 1638EST