Tuesday, November 10, 2009

Grand Rapids Press Chronicles Ferris State University's Effort To Ease Financial Burden Of Students

Grand Rapids Press writer Brian McVicar has written an article laying out efforts by Ferris State University to help ease the financial burden of students who were hurt by the loss of the Michigan Promise Grant, which will not be renewed.

Ferris President David Eisler is out in front in this article discussing the University's decision to try and make up for the loss of the Michigan Promise.
BIG RAPIDS -- Ferris State University on Monday announced it will use $1.15 million in federal stimulus dollars to cover tuition assistance its students lost after the Michigan Promise Scholarship wasn't renewed.

President David Eisler said 1,312 students won't have to pay the $500 lost for fall semester after the state Legislature cut the scholarship's funding.

The federal cash also will be used to help 616 students who lost assistance with the Michigan Competitive Scholarship's funding was cut by 50 percent, he said.

"Our students are relying on this support and have made their budgets based on the promise of these funds," Eisler said. "The Board of Trustees and I believe billing students this late in the semester would constitute an unreasonable financial burden."

Eisler said the federal money was originally intended for a $5 per-credit hour rebate for in-state students.

"From my perspective, this is clearly the right thing to do for our students," Eisler said. "This is an important move on the part of the university to help keep a Ferris education affordable.

"With this action, the university has made it clear that our first priority is the education, well-being and support of our students."

For the full story on Ferris' effort to help students, visit the Grand Rapids Press Web site:
http://www.mlive.com/news/grand-rapids/index.ssf/2009/11/ferris_state_using_federal_sti.html

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