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Financial Aid Instructions

Summer 2013

Applying for Summer Aid

Students need to complete the CMU Global Campus 2013 Summer Financial Aid Application or the CMU Global 2013 Summer Study Abroad Application to receive consideration for federal student aid in the summer.

  • The 2012-13 FAFSA must be on file before Summer 2013 eligibility can be determined.

    •  The 2012-13 FAFSA must be received and all verification requests received prior to June 30, 2013 to be considered for Summer federal aid eligibility.

  • CMU Summer applications must be faxed or mailed; e-mail attachments will not be accepted. Application deadline is Friday, July 12, 2013.

  • All questions regarding Summer Financial Aid should be directed to globalfa@cmich.edu or 1-800-664-2681, option #2.

Who is Eligible for Federal Student Aid in the Summer?

  • Students enrolled AND have regular admission to a DEGREE program with CMU Global Campus.

  • Students who have not used their full annual federal aid limits for the 2012-13 academic year.

  • Students who have not exceeded the overall aggregate loan limits (For details refer to the GC FA Manual).

Who is NOT eligible for Federal Student Aid in the Summer?

  • Students enrolled in Graduate or Undergraduate Certificate Programs

  • Students who have exceeded their overall aggregate loan limits or who have defaulted on prior federal student loans

  • Guest and non-degree seeking students

Enrolment and Eligibility Requirements

  • Summer aid is based on minimum halftime enrollment in either the Summer I or Summer II term or in Summer I and II.

  • Minimum halftime is 6 credit hours for undergraduates or 5 credit hours graduate level.

  • Direct Loans are based on remaining eligibility for the current 2012-13 academic year.

  • Undergraduate loan eligibility may increase as a result of a change in grade level.

    • Freshman to Sophomore/Sophomore to Junior.

    • Loan eligibility does not change between Junior/Senior grade level.

  • You must be maintaining Satisfactory Academic Progress Standards each semester. (Refer to page 11 of the GC FA Manual)

    • Students currently on WARNING may apply for Summer aid however, packaging will be delayed until Spring grades are posted and SAP is reviewed to determine whether or not the Warning has been cleared. Students who go on Suspension are not eligible for federal student aid.

  • Summer aid may be prorated based on enrollment.

    • Enrollment periods vary during the summer semester (a course may last a few days or all summer) so your aid may be prorated based on YOUR summer enrollment period.

  • Dropping courses will affect your financial aid.

  • In some limited cases an increase to 9 or credit hours or more may increase aid eligibility.

Summer Pell Grant Availability

  • Due to changes in the federal budget, Summer Pell is no longer available for most students.

    • Students who did not use their full Pell Grant eligibility during Fall 2012-Spring 2013 attendance will be eligible for any "leftover" Pell for the summer semester.

    • In some cases Pell Grant recipients may be eligible for Pell only at 3 credit hours.

Processing Summer Appliations

  • GCFA expects to begin review of Summer Applications on March 4. A timeline for processing and sending Award Notifications will be available on this date.

Disbursement and Refund

  • All Federal Direct Subsidized and Unsubsidized loans require you to be enrolled at least half-time.

  • Summer disbursement (credit to your student account) takes place 10 days prior to the starting date of your first summer course.

    • For example, your summer courses begin in Summer II on June 24 and June 2, 2013. Disbursement will not take place until 10 days prior to that first class start date of June 24.

  • Summer aid is based on half-time enrollment.

    • Students with remaining Pell eligibility will receive disbursement based on actual enrollment at full-time, three-quarter time, halftime or in some cases less-than-halftime.

    • Disbursement based on actual enrollment is affected by the remaining eligibility for the 2012-13 academic year ("leftover" Pell).

Other Information for 2012-13 Federal Student Aid

GRADUATE FEDERAL DIRECT LOANS SUBSIDY ELIMINATED EFFECTIVE FALL 2012

There has been an important change to the Federal Direct Loan program that will affect graduate students. This change is a result of the Budget Control Act of 2011 that was passed by Congress on August 2, 2011.

Beginning with the fall semester of 2012, graduate/doctoral students will only be eligible to borrow Unsubsidized Federal Direct Loans. This means that Subsidized Federal Direct Loans, which don't accrue interest while in a deferment status, will only be available to graduate/doctoral students through the summer 2012 semester.

Please note that this change will not affect the annual and aggregate borrowing limits. The maximum amount a student can borrow is the lesser of $20,500 per academic year or the annual cost of attendance. Keep in mind that you must be enrolled at least half-time (5 credits) in order to receive a Federal Direct Loan. For details refer to the Federal Student Aid Gateway at: http://studentaid.ed.gov/types/loans/subsidized-unsubsidized.

CHANGES TO UNDERGRADUATE SUBSIDIZED STUDENT LOANS BEGINNING JULY 1, 2012

For Direct Subsidized Loans first disbursed between July 1, 2012, and July 1, 2014, students will be responsible for paying any interest that accrues during the grace period. The grace period is the six months following the students last date of attendance at half-time or more. If the student chooses not to pay the interest that accrues during the grace period it will be added to the principal balance of the loan. For details refer to the Federal Student Aid Gateway at: http://studentaid.ed.gov/types/loans/subsidized-unsubsidized.

PROCESSING REQUIREMENTS AND CONFLICTING INFORMATION

CMU is required by the federal government to review student records before financial aid is processed. Any concerns about conflicting information must be resolved before CMU can disburse financial aid.

If you have any questions about this or other topics, please contact Global Campus Financial Aid at 1-800-664-2681, option #2, or through e-mail at globalfa@cmich.edu.

Special Instructions

Use the Financial Aid Manual to walk you through the process. If you are a first time borrower, you will also need to complete the initial counseling session.

Learn more about:

Use the Financial Aid Checklist to ensure you have completed the necessary steps to complete the process. Then download the necessary Financial Aid Forms.

After reviewing this information, if you have specific questions regarding your eligibility or other issues, please contact:

  • your local program administrator
  • the CMU Global Campus Financial Aid Department, Central Michigan University, (800) 664-2681, option #2
  • CMU Office of Scholarships and Financial Aid (OSFA), (888) 392-0007.

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