2015-2016 Award Notification for Returning Students: Returning students who are registered for fall classes should be able to view their 2015-2016 financial aid award on Central Link June 8, 2015.
New Federal Student Aid Identification (FSA ID)
Beginning May 10, 2015 the FSA ID, a username and password, will replace the Federal Student Aid PIN. The FSA ID will be used to confirm your identity when you access your federal financial aid information and electronically sign Federal Student Aid documents. Parents and students can create a FSA ID beginning May 10, 2015 at www.studentloans.gov, www.fafsa.gov and www.nslds.ed.gov.
FINANCIAL AID FOR SUMMER 2015
On-campus students interested in financial aid for summer school attendance must complete a CMU Summer Financial Aid Application. If you are studying abroad summer 2015 and wish to use financial aid to assist with your expenses you will need to complete the Summer Study Abroad Financial Aid Application. Summer financial aid application deadline is July 23.
CMU MERIT SCHOLARSHIP RENEWAL
CMU merit scholarship(s) recipients must meet the following criteria to renew their merit scholarship:
ACTIVATING STUDENT LOANS
- A student must be enrolled full time (12 credits or more) each semester as a degree seeking student. Waitlisted courses do not count toward official enrollment.
- Students must earn 30 new credit hours each academic year (excluding summer semester). CLEP, AP, IB and dual enrolled credits do not count toward the 30 new credit hours.
- Merit scholarships are renewable for three consecutive years (8 semesters total) or to the point where the student has completed degree requirements for their first bachelor's degree; whichever comes first. Undergraduate students who graduate in less than 8 semesters forfeit their remaining scholarship eligibility.
- Students must maintain a cumulative GPA of 3.25 at CMU. Scholarship renewal will be reviewed on an annual basis at the end of each spring semester.
- If a student chooses to attend another college or university or withdraws from CMU, the scholarship is forfeited.
- If a student defers their admission for up to one year (due to reasons other than enrolling at another college or university), the scholarship(s) may be deferred to the new entry term. Students must submit a formal deferral request, in writing to the CMU Office of Undergraduate Admissions.
- If a student accepts a CMU scholarship that covers the full cost of attendance, the higher award takes the place of all other scholarships. Subsequently, if a student does not meet the renewal criteria for the scholarship that covers full cost, or decides not to continue with that scholarship program, they cannot "reclaim" the other scholarship.
How to activate a Student Loan - A video tutorial may be found by clicking on the following link: http://podcast.cmich.edu:8171/2012-07-02/Loan+Activation+Vid.m4v FEDERAL DIRECT STUDENT LOAN DISCLOSURE STATEMENTS
Students receiving a Federal Direct Loan will receive a Disclosure Statement from the Federal Loan Origination Center for each new loan. The disclosure statement will provide comprehensive information about the types of loans, loan amounts, the loan period, and anticipated disbursement dates. Save every Disclosure Statement for reference.
WHY WE ASK FOR SOCIAL SECURITY NUMBERS
While CMU does not require your Social Security number for admission consideration, it is necessary for applicants who wish to be considered for financial aid and Hope Scholarship/Lifetime Learning tax credit to provide a Social Security number to the university. To protect your privacy, your Social Security number will not be used as your CMU student identification number.
NET PRICE CALCULATOR
Based on the information you provide, this calculator will estimate your total out of pocket expenses as well as provide you with resources to help finance your education.
For the calculator - Click Here
Office of Scholarships and Financial Aid
School Code 002243