Federal Aid Programs
All federal aid programs require filing the FAFSA.
The Pell Grant Program, established in 1972, was the first program in which the federal government, rather than the institution, determined the grant recipient. The program provides need-based grants according to the FAFSA information reported. To apply for a Federal Pell Grant, complete the FAFSA.
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Adrian College is processing PLUS loans through the William D. Ford Direct Loan program. This federal loan enables parents to borrow directly from the federal government up to the cost of attendance minus any financial aid. Repayment begins 60 days after loan disbursement and continues for up to 10 years.
To apply for the Parent Loan for Undergraduate Students (PLUS), please click on the following link: studentloans.gov. Once there, sign in by clicking “Sign In” under the “Manage My Direct Loans” heading. You will need to enter the parent (borrower’s) Social Security Number, the first two letters of the parent (borrower’s) last name, the parent (borrower’s) date of birth, and the parent (borrower’s) FAFSA PIN number. Please complete the PLUS Loan Master Promissory Note and PLUS Application. In addition to the PLUS loan Master Promissory Note and Application, a PLUS loan Certification Page is required. To obtain these documents please visit the “Required Documents” tab. The PLUS Loan must be reapplied for each academic school year.
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Adrian College participates in the Federal SEOG program, established in 1965. This grant is awarded to students who qualify for a Pell Grant and still have unmet need beyond that met by other grant programs. Funds are very limited.
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The Federal College Campus Employment Program was established in 1964 as a form of “self-help.” Students with a large need receive an on-campus job assignment to help defray college costs. Students who do not qualify for this program may receive assistance in locating other employment.
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Adrian College is processing Stafford loans through the William D. Ford Direct Loan program. In order to complete your Stafford Master Promissory Note (MPN) and Entrance Counseling, please click on the following link: studentloans.gov. Once there, sign in by clicking “Sign In” under the “Manage My Direct Loans” heading. You will need to enter your Social Security Number, the first two (2) letters of your last name, your date of birth, and your FAFSA PIN number. Once signed in, please complete both the Stafford Loan Entrance Counseling and the Stafford Loan Master Promissory Note. Both items must be completed before your loans can be processed.
The maximum student loan is $3,500 per year for freshmen, $4,500 for sophomores and $5,500 per year for juniors and seniors. The actual loan amount depends on parental and student income and the amount of financial aid awarded. The Unsubsidized Stafford Loan begins to accrue interest as soon as the loan is disbursed. For the Subsidized Stafford Loan, the Department of Education pays the interest while the student is in school. Repayment is deferred until six (6) months after the student ceases to be enrolled in college at least half-time. The repayment period can be as long as 10 years.
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State of Michigan Aid Programs
Michigan residency for one year is required for all state aid programs. Assistance from each program is renewable for up to 10 semesters. The Tuition Grant and Scholarship Programs are need-based programs, and a student may not receive assistance from both sources during the same semester. Both programs require filing the FAFSA, having the results sent to the state of Michigan and completing the state residency questions on the FAFSA. The Michigan College Work-Study program and the Michigan Adult Part-Time Grant also are need-based programs. These programs also require filing the FAFSA. Eligibility for these is determined by the College.
The Tuition Grant Program, established in 1966, provides need-based grants to Michigan residents attending private colleges in Michigan. Half-time students also are eligible.
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Michigan Competitive Scholarship
Established in 1964, this program provides need-based scholarships to Michigan residents attending private colleges in Michigan. Scholarship awards are based on the results of the ACT, which must be taken on or before the first testing date of the senior year, with results sent to the state of Michigan.
Adrian College Academic Scholarships
Students who are full time and enter into college with the required ACT and GPA could be awarded the Adrian College Scholarship assistance up to eight (8) semesters. Students who receive a merit-based Adrian College scholarship will need to maintain their full time status (above 12 credit hours) and maintain good academic standing. Failure to maintain any one item of criteria could result in loss of the scholarship. Also, students are only eligible to have two (2) scholarships given by Adrian College to count towards their financial aid award.
Please note: Students who enroll for a fifth (5th) year of study are not awarded financial aid. Students enrolling for a fifth (5th) year will be asked to complete an appeal if they wish to have the opportunity to continue receiving institutional aid.
Adrian College Need-Based Grant
Students who file the FAFSA and need financial assistance could be awarded Adrian College Need-Based Grant money. This need-based grant money is free, given to the student from Adrian College. Adrian College Need-Based Grant money is not guaranteed each year, and is determined by the student’s FAFSA and residency status (on or off campus).
THE ADRIAN COLLEGE NEED-BASED GRANT IS A NEED-BASED GRANT, AND WILL BE REDUCED IF NECESSARY TO MAINTAIN FEDERAL, STATE AND COLLEGE BUDGETS. ANY OTHER FINANCIAL AID AWARDS THAT EXCEEDS $99 AND ARE NOT ON THE ORIGINAL FINANCIAL AID AWARD, WHETHER IT BE ADRIAN COLLEGE OR OUTSIDE SCHOLARSHIPS, FEDERAL/STATE GRANT OR SCHOLARSHIP MONEY, FEDERAL LOANS OR TUITION WAIVER CAN REDUCE THE ADRIAN COLLEGE NEED-BASED GRANT.
2014-2015 Verification Deadline
For any student who is selected for Verification prior to October 1, 2014, the deadline to complete verification is October 31, 2014.
Any student who is selected for Verification after October 1, 2014 has 30 calendar days to complete Verification.
Feel free to contact the Office of Financial Aid directly and immediately if you have questions concerning your deadline (email@example.com).