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Financial Aid Instructions
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
receive consideration for federal student aid in the summer.
The 2012-13 FAFSA must be on file before Summer 2013 eligibility can be
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
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
Students who have not used their full annual federal aid limits for the 2012-13
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
Direct Loans are based on remaining eligibility for the current 2012-13 academic
Undergraduate loan eligibility may increase as a result of a change in grade
You must be maintaining Satisfactory Academic Progress Standards each semester.
(Refer to page 11 of the
GC FA Manual)
Summer aid may be prorated based on enrollment.
Dropping courses will affect your financial aid.
In some limited cases an increase to 9 or credit hours or more may increase aid
Summer Pell Grant Availability
Processing Summer Appliations
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.
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
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:
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
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
Financial Aid Manual to walk you through the process. If
you are a first time borrower, you will also need to complete the initial
Learn more about:
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.