Financial Aid

How Enrollment Adjustments Impact Your Award

Your initial financial aid awards are based on full-time enrollment. Census occurs at the end of the day on the last day to drop/add courses for the semester (typically the Friday of the first week of classes). Federal regulations require the Financial Aid Office to evaluate your "actual" enrollment status for financial aid purposes and adjust your financial aid accordingly at that time. Additional courses registered for after the census date cannot be taken into consideration with regard to your financial aid eligibility, regardless of whether an exception was made by the Registrar's Office to allow late registration.

Aid Program Full Time Enrollment Three Quarter Time Enrollment Half Time Enrollment Less Than Half Time Enrollment

 

Federal College Work-Study Program

Student eligible to work and earn the semester's award. Original award amount may be adjusted based on enrollment.

Semester award will be cancelled if below half-time at census.

Federal Parent Loan (PLUS)

Student receives semester’s award less any applicable loan origination fees. Original award amount may be adjusted based on enrollment.

Semester award will be cancelled if below half-time at census.

Grad PLUS Loan (PLUS)

Student receives semester’s award less any applicable loan origination fees. Original award amount may be adjusted based on enrollment.

Semester award will be cancelled if below half-time at census.

Federal Pell Grant

See item (1) below

Student receives 100% of the semester's award if full time at census.

Student receives 75% of the semester's award if three-quarter time at census.

Student receives 50% of the semester's award if half time at census.

Student receives 25% of the semester's award if less than half time at census.

Federal Perkins Loan

 

Student must be full time to receive the award.

Student must be full time to receive the award. If the loan has been disbursed, dropping credits after the 1st week of the semester has no impact on the award.

Federal Nursing Loan

Student must be full time to receive the award.

 

Student must be full time to receive the award. If the loan has been disbursed, dropping credits after the 1st week of the semester has no impact on the award.

Federal Stafford Loan (Subsidized)

Student receives semester’s award less any applicable loan origination fees. Original award amount may be adjusted based on enrollment.

Semester award will be cancelled if below half-time at census.

Federal Stafford Loan (Unsubsidized)

Student receives semester’s award less any applicable loan origination fees. Original award amount may be adjusted based on enrollment.

Semester award will be cancelled if below half-time at census.

Federal Supplemental Educational Opportunity Grant

Student receives 100% of the semester's award if full time census.

Student receives $50 of the semester’s award.

Student receives $50 of the semester’s award.

Semester award will be cancelled if below half-time at census.

Federal TEACH Grant

Student receives 100% of the semester's award if full time at census.

Student receives 75% of the semester's award if three-quarter time at census.

Student receives 50% of the semester's award if half time at census.

Student receives 25% of the semester's award if less than half time at census.

Grand Valley Grant

Student receives 100% of the semester's award if full time at census.

Student must be full time to receive the award.


GV Freshman Grant

Student receives 100% of the semester's award if full time at census.

Student must be full time to receive the award.

GV Grant

Student receives 100% of the semester's award if full time at census.

Student must be full time to receive the award.

GV Out State Offset Grant

Student receives 100% of the semester's award if full time at census.

Student must be full time to receive the award.

GV Merit Scholarships

Student receives 100% of the semester's award if full time at census.

Student must be full time to receive the award.

GV Department & Endowed Scholarships

Student receives 100% of the semester's award if full time at census.

Eligibility is dependent on scholarship guidelines. Consult the Financial Aid Office for specific eligibility.

Michigan Competitive Scholarship

See item (2) below

Student receives 100% of the semester's award if full time census.

Student receives 75% of the semester's award if three-quarter at census.

Student receives 50% of the semester's award if half time at census.

Semester award will be cancelled if below half-time at census.

 

(1) IN SOME CASES, student will lose all Pell Grant eligibility if below full-time enrollment. Consult the Financial Aid Office for specific eligibility.

(2) If the student changes enrollment prior to the end of the 75% tuition refund for the term, the award will be adjusted or cancelled as appropriate. If the student changes enrollment after the 75% tuition refund for the term, the award will not be adjusted.

NOTE: If a student receiving financial aid withdraws from the University, the student may be required to repay a portion of the financial aid received for the semester in which the withdrawal occurs. A withdrawal calculation is done by the Financial Aid Office to determine the type and amount of aid required to be reduced.

Enrollment Status

We assume full time enrollment on all award notifications.  Your financial aid can change if you are not attending full time.  The chart below gives you the definition of each enrollment status.

Enrollment Status

Full-Time

3/4 Time

1/2 Time

Less Than 1/2 Time

Undergraduate

12 or more credits

9 to 11 credits

6 to 8 credits

1 to 5 credits

Graduate

9 or more credits

6.5 to 8.5 credits

4.5 to 6 credits

1 to 4 credits

 

Page last modified March 5, 2013