Nearly 400 foster youth are eligible to receive college scholarships following the 11th annual Fostering Futures Scholarship Trust Fund Benefit Dinner organized by the Michigan Education Trust (MET) and the Michigan Department of Health and Human Services (MDHHS).
The event last week at the Henry Ford Museum in Dearborn was attended by close to 220 guests who raised a record-setting $107,125 for scholarships through MET, the Michigan Department of Treasury’s 529 prepaid education program.
So far this year, MET has raised $146,980 for the scholarships.
Both the fundraiser dinner and raffle benefit youth who have experienced foster care in Michigan. A partnership between MET and MDHHS makes Fostering Futures Scholarships possible.
“We have been working together for more than a decade to bring hope and resources to Michigan’s foster youth,” said State Treasurer Rachael Eubanks, who spoke at the event. “Tonight’s event is about breaking down barriers for these youth. It’s about turning compassion into action, hope into reality and dreams into achievement. The money we raise goes directly to helping the students get to, and succeed in, college.”
Approximately 10,000 youth are in the Michigan foster care system run by MDHHS. Nationally, fewer than 10% of former foster youth enroll in college after high school and fewer than 3% earn a degree.
The Fostering Futures Scholarship Trust Fund provides former foster care students who may not have adequate financial resources to attend college with a scholarship. During the 2023-24 academic year, 386 students at 52 institutions are eligible for support.
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