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In 2021, Congress closed the 90–10 loophole, and DOD Tuition Assistance would no longer excluded from the 90–10 formula, beginning in 2023. [16] A Task & Purpose article detailed problems with the US Army's DOD Tuition Assistance program as the organization converted to a new platform: from GoArmyEd to ArmyIgnitED. [17]
DOD Tuition Assistance is a US Department of Defense (DOD) program that funds higher education programming for US military servicemembers. Currently, DOD TA funds servicemember's college tuition and fees, not to exceed $250 per semester credit hour or $166 per quarter credit hour and not to exceed $4,500 per fiscal year, Oct. 1 through Sept. 30.
The Michigan Higher Education Assistance Authority (MHEAA) was created by the State of Michigan in 1960 through Public Act 77. One of the major components of MHEAA is the Michigan Guaranty Agency (MGA), the federally designated guarantor of federal student loans in Michigan. In that capacity, MHEAA-MGA primarily backs Michigan students by ...
Michigan borrowers carry an average federal and private student loan debt balance of $33,487, which is 9% less than the U.S. average of $36,689. ... which offers tuition-free community college for ...
The following types of federal financial aid are available to graduate and professional students. Aid for these students is primarily loans. The William D. Ford Federal Direct Loan (Direct Loan) Program: Eligible students may borrow up to $20,500 per school year.
The state's largest credit union is Lake Michigan Credit Union with about $14.26 billion in assets. Elena Herrada, 67, of Detroit looks through paperwork and holds a police report she filed in ...
The Armed Forces Financial Network was founded in 1985 at the request of the United States Army to support the "Surepay" direct deposit initiative. [5] The AFFN's role in the Surepay initiative was to be one way U.S. military personnel could gain access to their money. In 2017 the Armed Forces Financial Network launched a chip and pin travel ...
The Michigan Schools and Government Credit Union (MSGCU) is headquartered in Clinton Township, Michigan, and has a membership size of more than 137,000 and assets of over $3.7 billion. MSGCU was founded in 1954 and is a not-for-profit financial institution, which is owned and operated by its members.