A Last-Minute Dash for Tuition

With the rising cost of tuition, some students do not know how they will cover college expenses this school year.  Some states are cutting back on aids and grants. According to the Wall Street Journal, in Michigan, the state legislature continues to battle over the Michigan Promise Grant, a merit award of up to $4,000 given to 96,700 students. The State Senate recently passed a bill to cut it entirely and eliminate another $56 million in need-based aid for this academic year.  In Illinois, the need-based Monetary Award Program was halved last month, leaving about 145,000 students without a spring-semester payout. The full award previously totaled  nearly $5,000.

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