Michigan House Bill 6291 establishes a new "medical education debt stabilization for students program" administered by the state's higher education loan authority. The bill authorizes loans specifically for residents enrolled in graduate-level medical, nursing, or physician assistant programs within Michigan who are training in high-demand specialties such as family practice, internal medicine, pediatrics, obstetrics, psychiatry, and emergency medicine. To be eligible, applicants must have already exhausted the maximum aggregate limit of federal student loans authorized under the Higher Education Act of 1965. This program aims to provide additional financial support to medical trainees in these specific fields who can no longer access further federal borrowing.
This bill creates a state income tax credit for individuals who moved to Michigan for a job after earning a degree out of state. To qualify, the taxpayer must have relocated for employment with a Michigan-based employer and provide proof of their degree and job. The credit allows them to deduct 25% of their student loan payments for up to 10 years after graduation, but the total amount cannot exceed 20% of the average yearly tuition at a public Michigan university. If the calculated credit is larger than the taxpayer's actual tax bill, the difference is refunded to them. The measure will only take effect if four other related bills are also passed into law.
This bill creates a tax credit for Michigan residents who earned a degree in the state and subsequently stayed or returned to Michigan for a job. Eligible individuals can claim a credit equal to 50% of their student loan payments for a specific tax year, but the total credit cannot exceed 20% of the average annual tuition at a public Michigan university. To receive the benefit, taxpayers must provide proof of their degree, employment within the state, and student loan payments, and they must apply within 10 years of graduating. If the calculated credit is larger than the taxpayer's total tax liability for that year, the difference will be refunded to them. The legislation will only take effect if four companion bills are also passed into law.
This bill creates a new tax credit for Michigan employers who pay student loans for employees who did not graduate from an in-state high school or earn a degree from an in-state college. To qualify, the employee must have moved to Michigan to work for the employer after obtaining a bachelor's degree or higher from an out-of-state institution, and the employer can claim a credit equal to 25% of the loan payments made, up to a limit of 20% of the average yearly tuition at a public Michigan university. Employers must submit specific documentation to the state department to prove the payments and employee details, and any unused portion of the credit can be refunded to the employer. This measure is part of a larger package of related bills aimed at encouraging companies to hire graduates from outside the state.
This bill allows Michigan employers to claim a tax credit equal to 50% of student loan payments they make on behalf of employees who graduated from in-state schools and work for the company. The credit is limited to 20% of the average yearly tuition at a public university in the state for each employee per year. To receive the benefit, employers must submit detailed proof of payments and employee information to the state tax department. The bill also requires that any unused portion of the credit be refunded to the employer rather than carried forward. It is part of a package of related bills that must all pass together to take effect.
HB 5775 amends Michigan's individual income tax law to create a new tax exemption for post-graduation scholarship grants. This change directly affects individuals who receive these specific scholarship awards, allowing them to exclude that income from their state taxable income. The bill modifies Section 30 of the Income Tax Act by adding a new provision that treats post-graduation scholarship grants similarly to other educational benefits currently exempt from taxation. By removing these grants from taxable income, the legislation reduces the amount of state tax residents must pay on this specific source of funding.
This bill allocates $2.34 billion in state funding for Michigan's higher education system for the 2026-2027 fiscal year, directly affecting public universities and students accessing financial aid. The legislation specifies exact dollar amounts for each of the 15 state universities, covering operational costs, retirement system support, and Native American tuition waivers. Funding sources include the state general fund, state school aid fund, and federal revenues, with significant portions designated for scholarships like Michigan Achievement Scholarships and the Tuition Incentive Program. The bill also provides $322,100 for state and regional programs and $2.69 million for student support services including the Martin Luther King Jr. program.
This bill establishes a scholarship program in Michigan to help individuals who failed their social worker licensing exam on their first attempt cover the costs of retaking it. The program is designed to support people who want to become licensed bachelor's or master's social workers and are required to work in health professional shortage areas or with medically underserved populations after receiving the scholarship. Eligible candidates can receive up to $1,000 for exam-related expenses, including registration fees, study materials, and related costs like transportation or childcare, provided they submit proof of residency and a commitment to work in designated areas. The Department of Licensing and Regulatory Affairs will manage the program, maintain a dedicated state fund for the scholarships, and publish annual reports on the number of recipients and their exam passage rates.
HB 5618 allocates $2.34 billion in state and federal funds for Michigan's public universities and higher education programs during fiscal year 2026-2027. It directs $1.48 billion from the state general fund and $850 million from other state restricted revenues to support operations at 13 public universities (including MSU, U-M, and Wayne State), with specific allocations for tuition waivers, retirement payments, and research programs. The bill also funds key initiatives like Michigan Achievement Scholarships ($300 million), the Martin Luther King Jr. program ($2.69 million), and student support services ($1.96 million). This funding directly affects public universities, students receiving financial aid, and state retirement systems through mandated budgetary allocations.
This Senate Resolution (SR 88) requests Governor Whitmer to join the federal Tax Credit Scholarship Program for K-12 education. The resolution directly addresses the governor, asking her to opt-in to a federal program that would allow Michigan taxpayers to receive a $1,700 tax credit for donations to scholarship organizations. These organizations would then provide tax-free scholarships to K-12 students in Michigan public and private schools, starting in 2027. The resolution is non-binding and seeks to encourage state participation in the federal program, which Michigan has not yet elected to join.
