December 16, 2024 ~ Lucy Ann Lance talks with Mark Munzenberger, Financial Education Manager, University of Michigan Credit Union. They discuss the significant costs of college education in Michigan, where resident students at public colleges pay an average of $24,840 annually and non-residents pay $46,730. Private institutions cost even more, averaging $60,420 per year. Due to these high expenses, Munzenberger stresses the importance of exploring scholarships and grants, which often constitute 30 to 35% of students’ financial support.