Print Friendly

Key Facts

The regulations of Financial Aid programs are very specific, so please review the following:

Enrollment Status Eligibility

Financial aid is based on your enrollment status at the time of registration. You should be aware, however, that your final award will be determined based on your enrollment status at the end of the official refund period.

Full-Time 12 or more credits per term Eligible for 100% of your Pell Grant and other aid as stated on your Financial Aid Award Letter.
Three-Quarter Time 9 – 11.99 credits per term Eligible for approximately 75% of your Pell Grant. Other financial aid may be reduced or cancelled.
Half-Time 6 – 8.99 credits per term Eligible for approximately 50% of your Pell Grant. Other financial aid may be reduced or cancelled.
Less than Half-time 1 – 5.99 credits per term You may be eligible for a Pell Grant. Other financial aid may be cancelled, unless it was awarded specifically for less than half-time enrollment.
If your financial aid is canceled, any charges against your financial aid (tuition, fees, or Bookstore) will become your personal responsibility to be repaid by you.

 

  1. If you have a late-starting class and drop it, your financial aid will be adjusted and any changes (tuition, fees, or Bookstore) not covered by financial aid after adjustment is made will become your personal responsibility and will have to be repaid by you.
  2. Financial Aid funds are awarded under the assumption that you will attend school for the entire period for which the assistance is awarded. When a student withdraws, the student may no longer be eligible for the full amount of financial aid that you were originally scheduled to receive. Adjustments to financial aid will be made to the student accounts who never attend a class and receive a failing grade and do not attend at least 60 percent of the semester.
  3. Your financial aid award is determined by your enrollment during the academic year. The Federal Pell Grant and other aid will be divided between enrollment periods. Loan funds will be available to eligible students and minimum enrollment is at least six credits as of the semester census date.

Refunds

Refunds for credits dropped or for withdrawal from your courses will be returned to the financial aid programs from which you received assistance, in accordance with Federal regulations and the College Refund Policy, in the following order: Federal loan programs, Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), other Title IV Federal programs, State of Michigan programs, private funding, and the student.

Books and Supplies

If you have any grant or scholarship eligibility remaining after all charges have been made for tuition and fees, you may charge textbooks and required supplies for courses against your credit balance. For dates on final Bookstore charges see the important dates page. Books that are not needed because of dropped/canceled classes should be returned to the Bookstore immediately for credit to your account.

Balance Checks

Your grant eligibility will be determined according to your enrollment and any charges you have made to your tuition, fees, and charges in the Bookstore will be deducted. Any refunds due will be credited. If you have charged tuition, fees and books against your loan, the Student Finances office will reconcile your account and you will receive any remaining balance as an overage. You must be enrolled at least half-time (six credits or more) and maintain satisfactory academic progress to be eligible for a Direct Stafford loan. Enrollment will be checked at the time of distribution.  If you have not used the total aid amount to which you are entitled, the balance will be paid to you by the College. Overages will be distributed from the Student Finances office. For balance check distribution dates see the important dates page.