Scholarships Financial Aid

FOR ENTERING FRESHMEN AND TRANSFER STUDENTS, 2015-16

SUPPORTING STUDENTS AND FAMILIES THROUGH

Students are our top priority. We will hold the line on tuition increases and dedicate more resources to scholarships and financial aid. We will do everything in our power to make a CMU education affordable to all.

C E N T R A L M I C H I G A N U N I V E R S I T Y

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ighty percent of on-campus CMU students receive financial assistance, such as scholarships, grants and loans. CMU

distributes more than $361 million in financial aid and scholarships each year, through its own funding, individual and corporate donations and federal resources. The Office of Scholarships and Financial Aid is your partner throughout the process.

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You know a college education is a serious investment. We encourage you to take time to find a university that has:

» Quality academic programs that interest you» Cocurricular activities that you might pursue» Alumni who support students and each other» A campus culture that appeals to you

Once you’ve made CMU your top choice, use this brochure as a guide to the financial aid process and available scholarships.

You’ve worked hard to get here; we work hard to support you

High academic achievement? Demonstrated leadership potential?

If either or both of those characteristics describe you, it’s possible you’ll qualify for a financial award from CMU.

It’s our way of applauding your diligence to academics and your dedication to community. You’ve got the spirit of a CMU Chippewa.

CMU’S TOP MERIT SCHOLARSHIPS

READY FOR MORE? Head to go.cmich.edu/scholarships for details about these and other scholarships. You’ll find more information about loans, the federal aid application and additional CMU scholarships at financialaid.cmich.edu.

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HOW TO MAKE IT AFFORDABLE1. Fill out the Free Application for Federal Student Aid. The FAFSA is

important no matter your income or need. It will determine the level of aid you receive, what loans you might obtain, and sometimes, what scholarships you’ll receive. The application is available online starting Jan. 1 at fafsa.ed.gov. For priority consideration for federal, state and institutional funds, submit the FAFSA by Feb. 15 each year. Use CMU’s Title IV school code: 00243.

2. Keep your eye on the mailbox. After completing the FAFSA and being accepted to CMU, you will receive a financial award notice in early April that may include:

» Scholarships » Grants » Work-study opportunities » Student and/or parent loans

3. Apply for scholarships. CMU offers hundreds of scholarships, including awards for academic success. Visit financialaid.cmich.edu for details. Scour the Internet for state and national awards. Also, ask your high school guidance counselor for available local scholarships.

4. Enroll in CMU’s interest-free payment plan. For more information, visit cmich.edu/cmupaymentplan.

5. Take a job on campus. CMU offers thousands of jobs, from web development to library assistantships to working at a residence hall desk. If your award notice (sent after you complete the FAFSA) includes work-study, you’ll be on a priority list. Earn money, get involved and meet people. (Fact: Involved students are more likely to graduate.)

Lloyd M. Cofer Scholarship

Detroit public school graduates whose activities or aspirations show interest in the advancement of underrepresented groups in American society

$16,500 over four yearsUp to 10 awards annually$4,125 per academic year

COST OF ATTENDANCEConsider this the sticker price, but remember: most freshmen and transfer students pay less than what you see listed here.

Tuition (in state) $11,550

Room and board $8,780

Total direct costs $20,330

Books and supplies estimate $1,000

Estimated spending for travel and personal expenses $1,240

Total estimated annual costs $22,570

Based on the 2014-2015 new student tuition (30 credit hours per year at $385 per credit hour) and room and board rates (based on “The Unlimited” flex meal plan in a standard residence hall).

Important note: When comparing costs, be sure to find out about special fees and higher costs for higher-level classes. We don’t have those, but many universities do.

MERIT SCHOLARSHIPSQualify by applying for admission to CMU. Applications submitted before Nov. 15 are given priority consideration for merit scholarships.

ScholarshipPrestige Scholarship

EligibilityAwarded to incoming freshmen with cumulative GPAs of 3.25 or higher and an ACT of 27 or higher

Excellence Scholarship Awarded to incoming freshmen with cumulative GPAs of 3.0 or higher and an ACT of 23 or higher

Success Scholarship Awarded to incoming freshmen with cumulative GPAs of 3.0 or higher and an ACT of 21 or 22

Community College Honors Scholarship for Transfer Students

Community college graduates with 56 transferable credits and cumulative GPAs of 3.5 or higher

Community College Transfer Recognition Scholarship

Community college transfer students with 30 transferable credits and cumulative GPAs of 3.3 or higher

Amount$24,000 over four years Limited awards$6,000 per academic year

$18,000 over four years Limited awards$4,500 per academic year

$12,000 over four years Limited awards$3,000 per academic year

$5,000 over two years Unlimited awards$2,500 per academic year

$2,000 over two years Unlimited awards$1,000 per academic year

CENTRALIS SCHOLARSHIPSMust attend a competition (contact the Admissions Office for dates).

ScholarshipScholar Award

EligibilityIncoming freshmen with cumulative GPAs of 3.7 or higher and an ACT of 27 or above

Gold Award Incoming freshmen with cumulative GPAs of 3.7 or higher and an ACT of 27 or above

Amount100 percent of tuition (up to 36 credit hours per year) plus room and board and $500 for books

100 percent of tuition (up to 36 credit hours per year)

OTHER NOTABLE SCHOLARSHIPSSeparate application required.

ScholarshipLeader Advancement Scholarship

EligibilityIncoming freshmen with GPAs of 3.0 or higher

Multicultural Advancement Award of Distinction

Students whose activities or aspirations show interest in the advancement of underrepresented groups in American society

Multicultural Advancement Scholarship

Students whose activities or aspirations show interest in the advancement of underrepresented groups in American society

Amount$8,000 over four yearsUp to 40 awards annually $2,000 per academic year

$42,000 over four yearsUp to 10 awards annually$10,500 each academic year

$16,500 over four yearsUp to 60 awards annually$4,125 each academic year

Out-of-state students with a GPA of 2.75 or higher pay thein-state tution rate.