Federal Financial Aid

Not available to international or Canadian students.

Federal Pell Grant

The Federal Pell Grant Program provides need-based grants to low-income undergraduate who
have not received their first bachelor's degree to promote access to postsecondary education. Grant
amounts are dependent on: the student's expected family contribution (EFC); the cost of attendance
(as determined by the institution); the student's enrollment status (full-time or part-time); and whether
the student attends for a full academic year or less.

More information can be found at: https://studentaid.ed.gov/sa/types/grants-scholarships/pell

Eligibility:

Grants are awarded on the basis of financial need.

Available Assistance:

$606 to $5,920 for the 2017-2018 Academic Year

How to Apply:

Submit FAFSA.

Enrollment Requirements:

Undergraduate study or pursuing first baccalaureate degree. Pro-rated for less than full-time enrollment.
Award Amount and Selection Criteria Estimated family contribution between 0 and 5328.
Lifetime Maximum: Students can receive Pell Grants up to a maximum of 12 full-time semesters.

 

Federal Iraq and Afghanistan Service Grant Programs

Eligibility:

Undergraduate student whose parent or guardian was a member of the U.S. armed forces and died as a result of military service performed in Iraq or Afghanistan after the events of September 11, 2001

AND

were under 24 years old or enrolled in college at least part-time at the time of your parent's or guardian's death.

Available Assistance:

Pell Grant eligible students will receive the maximum Pell Grant Award.  Non-Pell Grant eligible students will receive the Iraq Afghanistan Service Grant equal to the amount of a maximum Pell Grant award.  Exception:  the amount will not exceed the cost of attendance for that award year.

How to Apply:

Submit FAFSA.

Information: Additional information regarding the Federal Iraq and Afghanistan Service Grant Programs can be found here.

 

Federal Supplemental Educational Opportunity Grant (SEOG)

To get an FSEOG, you must fill out the Free Application for Federal Student Aid (FAFSA®) form so your college can determine how much financial need you have. The financial aid office will award FSEOGs to students that have the most financial need. The FSEOG does not need to be repaid. Each participating school receives a certain amount of FSEOG funds each year from the U.S. Department of Education’s office of Federal Student Aid. Once the full amount of the school’s FSEOG funds has been awarded to students, no more FSEOG awards can be made for that year.

More information can be found at: https://studentaid.ed.gov/sa/types/grants-scholarships/fseog

Eligibility:

Awarded on the basis of financial need.

Available Assistance:

Up to $2,060

How to Apply:

Submit FAFSA.

Enrollment Requirements:

At least half-time - Undergraduate 6 credit hours or more.

Award Amount and Selection  Criteria Estimated family contribution equal to $0.  Due to limited Federal funding, may be replaced with Institutional Board of Trustees Grant.

 

Federal Work Study

Federal Work-Study provides part-time jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to the student’s course of study.

Here’s a quick overview of Federal Work-Study:

  • It provides part-time employment while you are enrolled in school.
  • It’s available to undergraduate, graduate, and professional students with financial need.
  • It’s available to full-time or part-time students.
  • It’s administered by schools participating in the Federal Work-Study Program. Check with your school's financial aid office to find out if your school participates.

More information can be found at: https://studentaid.ed.gov/sa/types/work-study

Eligibility:

Awarded on the basis of financial need.

Available Assistance:

Up to $3,000 annually.

How to Apply:

Submit FAFSA and request work study on FAFSA.

Enrollment Requirements:

At least half-time - 6 credit hours or more undergraduate; 4 credit hours or more graduate.

Award Amount and Selection Criteria Expected Family Contribution (EFC) up to 5328 and requested work study on the FAFSA.

 

Federal Teach Grant

The TEACH Grant Program provides grant funds to undergraduate students completing their first degree and graduate students who are completing or plan to complete coursework that is needed to begin a career in teaching, and who agree to serve for at least four years as a full-time, highly qualified teacher in a high-need field, in a school serving low-income students.

 

Teaching Obligation: Be aware that if you receive the TEACH Grant but do not fulfill the stringent requirement of the program, the amount awarded in grant money becomes a loan with interest compounded from the time of the award.

Eligibility

Complete the FAFSA (Free Application for Federal Student Aid), although you do not have to demonstrate financial need.

Be a U.S. Citizen or eligible non-citizen.

Have a cumulative G.P.A. of at least 3.25 throughout your academic program, or demonstrate a score above the 75th percentile on a national standardized college admissions test (submit a paper copy of your test scores showing percentile ranking to the Financial Aid Office).

Be accepted into an eligible degree program at NMU (view eligible programs below)

Undergraduate students are eligible only if they are pursuing their first undergraduate degree. Students pursing a second undergraduate degree (including post baccalaureate students) are NOT eligible for the TEACH Grant.

Sign and Agreement to Serve (ATS) and complete counseling each year that you receive a grant.

Available Assistance:

Up to $4,000 per year.  Award amounts may vary due to Federal sequester.  Visit Federal Student Aid’s website for more information at https://studentaid.ed.gov/sa/about/announcements/sequestration

Limited to $16,000 total as an undergraduate and up to $8,000 as a graduate student

How to Apply:

Eligible students should contact the Financial Aid Office for additional information and the application to apply.

Enrollment Requirements:

Award is prorated based on enrollment levels

       

Eligible degree programs at NMU:

Learning Disabled (Masters), Math Education (Masters), Reading Specialist (Masters), Science Education (Masters), French Education, German Education, Spanish Education, Special Education, Elementary Education Emotional Impairment, Elementary Education Mathematics, Elementary Education Cognitive Impairment, Elementary Education Science, Secondary Education Biology, Secondary Education Chemistry, Secondary Education Emotional Impairment, Secondary Education Earth Science, Secondary Education Integrated Science, Secondary Education Mathematics, Secondary Education Cognitive Impairment, Secondary Education Physics

Service Agreement
 

The Agreement to Serve (ATS) is a legally binding document that defines the teaching service obligations you must meet and specifies your repayment obligation if a TEACH Grant that you receive is converted to a Direct Unsubsidized Loan.
 

Counseling Sessions
 

You will be required to complete counseling each year that you accept a TEACH Grant.  You will also be required to attend Exit Counseling when you graduate or leave school.
 

 High-Need Subject Areas

  • Mathematics
  • Science
  • Foreign language
  • Special Education
  • Bilingual education or English language acquisition
  • Reading specialist
  • Other identified teacher shortage areas (listed by state)

           http://www.ed..gov/about/offices/list/ope/pol/tsa.pdf

 

 Serving Low Income Students

https://www.tcli.ed.gov/CBSWebApp/tcli/TCLIPubSchoolSearch.jsp

 

 More in depth information on the TEACH Grant can be found here.

Federal Perkins Loan

Loans made through the Federal Perkins Loan Program, often called Perkins Loans, are low-interest federal student loans for undergraduate and graduate students with exceptional financial need

Here’s a quick overview of Federal Perkins Loans:

  • Available to undergraduate, graduate, and professional students with exceptional financial need.
  • Interest rate for this loan is 5%. The Interest rate is 5% with the interest paid by the federal government while the student is in school at least half-time and during a 9-month grace period after graduation or less than half-time enrollment.

The Perkins Loan Program will close effective September 30, 2017, as required by the Federal Perkins Loan Program Extension Act of 2015. No new Perkins loans may be made after this date.

More information can be found at: https://studentaid.ed.gov/sa/types/loans/perkins

Eligibility:

Awarded on the basis of financial need.

Available Assistance:

Limited funding available.

How to Apply:

Submit FAFSA.

Enrollment Requirements:

At least half-time - 6 credit hours or more.

Award Amount and Selection Criteria Up to $1,500 per year for Pell Grant eligible EFCs students.
Repayment:

The standard repayment period is 10 years.

Perkins Loan is subject to partial forgiveness/cancellation for some types of teaching/public service.

For Perkins deferment and repayment questions, contact the NMU Financial Services at (906)227-1428 division.

When you near graduation (or drop below half-time) you will be given information on loan repayment. This is referred to as exit counseling or an exit interview.

University Accounting Services www.uaservice.com

Campus Office Contact
NMU Financial Services
1003 Hedgcock
(906)227-1428

William D. Ford Direct Student Loan

Subsidized and unsubsidized loans are federal student loans for eligible students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. The U.S. Department of Education offers eligible students at participating schools Direct Subsidized Loans and Direct Unsubsidized Loans. Direct Subsidized Loans are available to undergraduate students with financial need. The U.S. Department of Education pays the interest on a Direct Subsidized Loan

    • while you’re in school at least half-time,
    • for the first six months after you leave school (referred to as a grace period*), and
    • during a period of deferment (a postponement of loan payments).

Direct Unsubsidized Loans are available to undergraduate and graduate students; there is no requirement to demonstrate financial need and you are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. 

More information can be found at: https://studentaid.ed.gov/sa/types/loans/subsidized-unsubsidized

These amounts will be limited by cost of attendance limits and aggregate loan maximums.

Eligibility:

Subsidized - based on financial need.
Unsubsidized - cost of attendance minus aid.

Available Assistance:

Subsidized or Unsubsidized

Dependent Additional Unsubsidized

Independent Additional Unsubsidized

Freshman / Certificate Level $3,500 $2,000 $6,000
Sophomore / Associate Level $4,500 $2,000 $6,000
Junior & Senior / Bachelor Level $5,500 $2,000 $7,000
Post-Baccalaureate / Bachelor Level $5,500 $2,000 $7,000

Graduate Level               

$8,500 - Unsubsidized Loans Only not applicable

$12,000

How to Apply:

Submit FAFSA.

Enrollment Requirements: At least half-time:
6 credit hours or more undergraduate;
4 credit hours or more graduate.

Direct Plus Loan

PLUS loans are federal loans that graduate or professional students and parents of dependent undergraduate students can use to help pay for college or career school. The U.S. Department of Education is your lender. You must not have an adverse credit history.

More information can be found at: https://studentaid.ed.gov/sa/types/loans/plus

Eligibility:

Parents of dependent undergraduate students.
The federal government defines a parent as a natural or adoptive mother or father, or legal guardian (which may include a stepparent).

Available Assistance:

Maximum: cost minus aid

How to Apply:

Apply electronically at http://www.studentloans.gov.

Enrollment Requirements:

At least half-time - 6 credit hours or more.

Award Amount and Selection Criteria Maximum requested amount can be student's Cost of Attendance budget minus all other aid received.

 

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