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Descriptions of Need-Based Aid

To be considered for the aid listed below students are required to complete the Free Application for Federal Student Aid (FAFSA)                                                         

Federal Need-Based Aid

Federal Pell Grant - The Federal Pell Grant is awarded to eligible undergraduate students seeking their first bachelor’s degree.  The maximum Pell Grant award for the 2014-2015 award year (July 1, 2014 to June 30, 2015) is $5,730. The amount you receive will depend not only on your financial need, but also on your Cost of Attendance, your status as a full-time or part-time student, and your plans to attend school for a full academic year or less.

Federal Supplemental Educational Opportunity Grant (FSEOG) - Federal Supplemental Educational Opportunity Grants (FSEOG) are awarded to undergraduate Pell Grant recipients with exceptional need.

Grant amounts are based on program funding and priority is given to students whose FAFSA is received by March 30th (Date subject to change based on funding limits).  Subsequent awards may be available later in the year as funding permits. 

Federal Self-help Aid

Federal Work-Study (FWS) - The purpose of the Federal Work Study Program is to give part-time employment to students who need the income to help meet the cost of their post secondary education and to encourage FWS recipients to participate in community service activities. A student must have 'financial need' to be eligible for a FWS job.  A portion of FWS funds will be used to fund workers for community service employment.

The Subsidized Federal Direct Loan is based on financial need, which is determined by using a federal formula. A loan is subsidized when the government pays the interest for the student during the following periods: while the student is enrolled in school at least half-time,  during the six month grace period after the student stops attending school at least half-time, and during periods of authorized deferment.

The Unsubsidized Federal Direct Loan is not subsidized by the government; the student is responsible for all interest which accrues during in-school, grace, and deferment periods. Students may choose to make interest payments while in school or they may defer the interest until repayment when the interest will be added (capitalized) to their principal balance.

Student loans are required to disburse in equal installments for the loan period (i.e. - once each semester during a school year or two equal disbursements for a single semester loan). The school will verify that the student is still enrolled at least half-time, attending classes and making satisfactory academic progress before disbursing the funds to the student’s account.

State Need-Based Aid

MCS/MTG (The Michigan Competitive Scholarship/Michigan Tuition Grant) – The MCS/MTG is administered through the State of Michigan for Michigan residents only.   The amount is determined by a formula which takes into consideration other gift aid and parent/student contribution.   Funding is limited.  The priority date for completing the FAFSA is March 1 to be considered for the MSC/MTG.

Institutional Need-Based Aid

KUOG (Kettering University Opportunity Grant) – The amount is determined by an institutional formula.   Grant amounts are based on program funding and priority is given to students whose FAFSA is received by May 1.  Subsequent awards may be available later in the year as funding permits.