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Courses with a grade of Incomplete do not count as credit earned or impact the GPA in the semester in which the course is taken; however, they are counted once they are completed. Based upon a student initiated appeal, and a mitigating circumstance, incomplete courses may be considered.

Withdrawn courses do not count as credit or impact the GPA.

Courses numbered below 100 will count toward determination of enrollment status and the academic year new credits earned requirement.

Undergraduate courses taken by graduate students do not normally earn graduate credit or impact the GPA. Undergraduate credits registered for by graduate students will not count toward determination of enrollment status and will not count towards meet- ing the academic year new credits earned requirement, unless said credits are determined to be a required prerequisite.

Summer School attendance at CMU may be used by the stu- dent to raise GPA or remove a credits-earned deficiency under the appropriate probation or suspension status. Upon appeal from the student, her or his status will be reviewed under the mitigat- ing circumstances provision to determine if a status change will be granted.

Financial Aid Award Programs Grants

Federal Pell Grant: Students apply for a Federal Pell Grant by filing a Free Application for Federal Student Aid (FAFSA) or a Renewal Application. Students also have the option of applying through the Web. The address for FAFSA on the Web is: www. fafsa.ed.gov. Eligibility for a Federal Pell Grant is determined by a need analysis formula prescribed by Congress. Application of the formula to family income and asset data produces an Expected Family Contribution (EFC). You are eligible for a Federal Pell Grant if you: are an undergraduate, have not received a baccalaure- ate degree, and meet the 2009-2010 general eligibility require- ments. Federal Pell Grants for full-time attendance range from $976-$5,350 per academic year contingent upon Congressional appropriation. The data from your Renewal Application or FAFSA must show that you are eligible to receive a Pell Grant and must be received by the OSFA prior to the last day of enrollment for each semester or within 60 days after the end of the semester if you were selected for verification. Students enrolled in learning packages only, will not be considered more than half-time students regardless of the number of credits in which they enroll. For stu- dents enrolled less than half-time, only the costs for tuition/fees, books/supplies, and transportation may be included in the cost of attendance budget used to determine Pell Grant amounts.

Academic Competitiveness Grant: First-year students who graduated from high school in 2007, who are eligible for a Federal Pell Grant and have completed a rigorous secondary program of study approved by the U.S. Secretary of Education are eligible for a $750 grant. Second-year students who graduated from high school in 2006, who are eligible for a Federal Pell Grant, have completed a rigorous secondary program of study approved by the U.S. Secretary of Education and have a 3.0 cumulative grade point average at the conclusion of their first academic year are eligible for a $1,300 grant.

National SMART Grant: Students who are eligible for a Federal Pell Grant, in their third or fourth academic year, have a 3.0 cumu- lative grade point average and have declared a qualifying major field of study (computer science, technology, engineering, life sciences, mathematics, physical sciences, or designated foreign language as determined by the U.S. Secretary of Education) are eligible for a $4000 grant.

TEACH Grant: The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program awards up to $4,000 per academic year to an undergraduate or graduate student who annually completes the FAFSA, is a U.S. citizen or eligible non-citizen, maintains a 3.25 cumulative grade point aver- age, is enrolled in or plans to enroll in course work necessary to

Financial Aid


begin a career in teaching in a high need subject area (bilingual education, foreign language, mathematics, reading specialist, sci- ence, special education, etc.) and teaches in a Title I elementary or secondary school for at least four years. FAILURE TO COMPLETE THE FOUR-YEAR TEACHING OBLIGATION WILL CAUSE THE TEACH GRANT TO BE PERMANENTLY CONVERTED TO A DIRECT UNSUBSIDIZED LOAN WITH INTEREST. Refer to the OSFA website at http://financialaid.cmich.edu/teachgrant.shtml for details.


William D. Ford Federal Direct Loan Program (Direct Loans): Under the Direct Loan Program, students borrow money directly from the federal government without going through a private lender. Students do not have to complete a separate loan appli- cation, and all loans may be consolidated under one lender – the U.S. Department of Education. Repayment of the loan principal begins six months after the student leaves school.

Subsidized Loans: “Subsidized” means the federal government pays the interest on these loans while the student is in school and during deferments (postponements of repayment). Students must show financial need to receive this type of loan.

Unsubsidized Loans: “Unsubsidized” means the federal gov- ernment does not pay the interest while the student is in school or deferment. Students qualify for an unsubsidized loan regardless of financial need. Students are responsible to pay the interest on this loan quarterly or may choose to capitalize the interest.

Federal Direct PLUS Loans: These loans are non-need-based loans for parents with good credit history who want to borrow for their dependent students. Under this program, parents can borrow up to the total cost of education minus other expected financial assistance. There is no grace period or deferment period. This means that interest begins to accumulate at the time the first disbursement is made.

Parents must begin repaying both principal and interest while the student is in school. Generally, repayment begins within 60 days after the second disbursement for the loan.

NOTE: If your parents cannot borrow a Direct PLUS loan for you because they have an adverse credit history, AND if you are a dependent undergraduate, you may be eligible to borrow additional amounts in the form of Direct Unsubsidized Loans.

Graduate PLUS Loan: Graduate students are eligible to bor- row under the PLUS loan program up to their cost of attendance minus other estimated financial assistance. These loans are non- need based loans for graduate students with good credit history. Repayment begins on the date of the last disbursement of the loan at a fixed interest rate.

Interest Rates: Direct Loan interest rates are fixed and are adjusted each July. The Direct PLUS Loan interest rates are also fixed. Current interest rates are available at the Direct Loan Web site: http://www.ed.gov/offices/OSFAP/DirectLoan/calc.html.

In addition, borrowers of the Direct Loans are assessed a 2 percent origination fee prior to loan disbursement. PLUS bor- rowers are assessed a 4 percent origination fee prior to loan disbursement.

Receiving your Federal Direct Loan Funds

Before the University pays loan funds to your student account, you must:


Complete loan counseling on the Web at www.dlssonline. com. Federal regulations require that you participate in an entrance loan counseling interview if you are a first-time federal direct loan borrower. The purpose of this counseling is to explain your rights and responsibilities as a first-time borrower, emphasize the legal, binding nature of your loan obligation, and make you aware of the consequences of default if you fail to repay your loan according to the terms of the note.


Complete the online Master Promissory Note at https://dle-

note.ed.gov. (continued)

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