Terms & Conditions

You must not be in default on any federal educational loans, or owe any refunds on federal grants received at any post-secondary institutions or you will no longer be eligible to receive federal financial aid.

1. You may use funds listed on your award letter only for educationally related expenses for the respective academic year.
2. Some scholarships, such as the Michigan Tuition Incentive Program (TIP), have tuition and mandatory fee-only stipulations (They cannot be used for expenses other than tuition and mandatory fees).
3. The College applies your financial aid awards directly to charges on your student account (Including tuition, fees, and other charges). Funds in excess (This is called a “refund”) of these charges will be released to you. If subsequent charges are made to your student account, it is your responsibility to pay them. Check your account balance often to be sure you do not have unpaid charges.
4. Financial aid awarded for a specific term can only pay for charges for that term and the aid can only be disbursed to you/your account during that same term.

Note: Less than full-time enrollment may result in reduced aid eligibility.

Students are required to attend class to be considered eligible for financial aid disbursement. Federal regulations require class attendance. To comply with this Federal requirement, instructors will be monitoring and reporting your attendance status. Financial aid disbursements will be adjusted for those students who receive financial aid for classes not attended. The Financial Aid Office will make all necessary adjustments once the instructor submits notification to the FA Office on non-attendance. Adjustments may create a balance due on the student account. Federal aid recipients reported as not attending will be required to prove attendance or withdraw from their class(es).

The Financial Aid Office monitors enrollment levels (number of credit hours taken) each term. If you drop courses and fall below the minimum credit hour requirements, you may be required to repay all or a part of the aid you received. If you consider dropping a class, it is important to discuss your situation fully with the Financial Aid Office prior to doing so. Adjustments to your financial aid are not made until after the add/drop date for each term.

If you withdraw or are asked by the College to withdraw from all of your enrolled classes, you must inform the Financial Aid Office immediately and meet with either the Director or Assistant Director of Financial Aid. If you have received a federal student loan, you will be sent information on completing loan repayment exit counseling. Depending on when you withdraw, you may be required to repay all or part of the aid you received (see Refund and Repayment Policies section). Students must also notify the Registrar’s Office and follow specific withdrawal procedures. For more information contact the Registrar’s Office.

To remain eligible for financial aid, students must make “satisfactory academic progress” toward completion of a certificate or degree. Federal regulations require the Financial Aid Office to monitor the progress of each student toward certificate/degree completion. Students who fail to achieve minimum standards for grade point average and completion of classes, may lose their eligibility for all types of federal, state, and institutional financial aid administered by the Financial Aid Office. (See Satisfactory Academic Progress section for more information).