MI HB5780

Requires Michigan public universities receiving state appropriations to provide newly admitted full-time degree-seeking students with a one-page financial cost and aid disclosure form alongside their initial financial aid packet before their admission decision deadline.

Form must itemize costs including general/instructional fees, room and board, special fees, and calculate the student's aggregate cost of attendance.

Must disclose all available financial aid sources including grants, scholarships, federal student loans, and work-study programs with eligibility requirements.

Must show the student's expected net cost after all aid is applied and their expected monthly education loan payment upon graduation.

Must include income ranges (25th to 75th percentiles) for the university's most recent graduates and graduates from five years prior, with major-specific income data if the student has declared a major.