Higher education: financial aid; financial cost and aid disclosure; require. Amends 1979 PA 94 (MCL 388.1601 - 388.1896) by adding sec. 275m.

This bill requires public universities in Michigan to provide newly admitted full-time students with a concise financial cost and aid disclosure form before they must decide on their admission. The form must clearly list itemized costs such as tuition, room and board, and special fees, alongside a summary of available grants, scholarships, loans, and work-study options. It also mandates that the document show the student's expected net cost after aid is applied and estimates their monthly loan payments upon graduation. Additionally, the disclosure must include income statistics for graduates, broken down by specific majors or schools if applicable, to help students understand potential future earnings. This measure aims to increase transparency by ensuring students have a clear, one-page overview of the total financial commitment before accepting their enrollment offer.