Central Michigan University (CMU) Financial Aid and Scholarships
Students Receiving Aid
66%
Total Aid Amount
$90.338M
Financial Aid Official Website
https://www.cmich.edu/ess/OSFA
Financial aid packages serve as a reliable cushion to be applied against tuition for Central Michigan University (CMU). The educational costs might be out of reach for numerous students who may easily approach these services for reduced costs thereby turning those expenses into affordable ones. Scholarships, work-study, loans and grants are categories brought to your service for availing quality education and exposure in future. You need to complete the FAFSA form considering your academic achievement, performance excellence and the required grade point average (GPA) for Central Michigan University.
At present, the university has served 66% of the population enrolled for Central Michigan University majors with a huge amount of $90,338,081.
Scholarships
Scholarships for Central Michigan University includes a wide list:
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Barbara P. Greene Endowed Scholarship in Political Science: Students with a major in political science and a GPA of 3.0 / 4 may apply with greater preference to MPA or MA graduation candidates.
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Barbara Green Endowed Scholarship: Highly qualified CMU students may apply who have great interest in local and state governments.
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Ballenger Brown Endowment: The students must be enrolled full-time. The scholarships are allowed to be renewed until one-year.
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CMU Faculty Association Scholarships: Full-time undergraduates with 12 credits in minimum or even more per semester may apply.
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AAUW – M. Ruth Evans Award: All graduates, sophomores, juniors and seniors are open to receive such scholarships provided they are Isabella County residents for two years or more with a minimum GPA of 2.68.
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CMU Women's Connection Scholarship: This is targeted to those who are enrolled either full-time or part-time students at CMU and have single parents and a minimum GPA of 3.75.
If you wish to explore more, visit Merit Scholarships and Other Scholarships.
Grants
Federal Grants
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Federal Pell Grant: The students pursuing undergraduate programs with expected family income equivalent to $5,711 or less receive pell grants for full-time attendance. The highest amount for a pell grant received is $6,345.
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Federal Supplemental Educational Opportunity Grant (FSEOG): The amount fluctuates with regard to the fund availability at the university and schools applicable to undergraduates only depending upon their demonstrated financial need. The eligibility criteria is confined to Pell grant recipients enrolled at least half time.
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TEACH Grant: Under this, the undergraduate recipients receive $16,000 in 4 years whereas the graduate recipients receive $8,000.
State Grants
Bureau of Indian Affairs Grant: These are offered by specific tribes where they themselves determine the amount to be awarded to students. They are need-based grants where the students need to fill the FAFSA and the tribal application for further proceedings.
Institutional Grants
CMU Grants: These are limited funds which have chances to be reduced in terms of amount or are prone to get cancelled in case the students receive other merit scholarship awards. One may not enjoy these benefits for more than 2 years.
Apart from the ones mentioned, you may also have a glance at Graduate Student Grants to explore other options available at hand.
Loans
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Federal Direct Subsidized Student Loan: The Federal Government is responsible for paying interests which are usually low for all students with demonstrated financial need. The interest rates are fixed to 2.75%.
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Federal Direct Unsubsidized Student Loan: Regardless of any financial need, both undergraduates and graduates are eligible to apply for these loans with rates fixed to 2.75% and 4.3%, respectively. The students are required to repay back these loans and pay interests, unlike scholarships or grants.
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Federal PLUS (Federal Direct Parent Loan for Undergraduate Students): The interest rates are fixed to 5.30%.
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Federal Graduate PLUS (Federal Loans for Graduate Students): The interest rates are fixed to 5.30%.
These Federal PLUS loans are non-need based offered to parents of dependent students who do not have any adverse credit histories.
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