baker.eduUndergraduate StudiesGraduate StudiesBaker Online
 

Program Finder

Start today and discover the program that is right for you.

View all programs

Making college affordable.

Helping ensure your success.

If you’re interested in attending Baker College, we’ll help make your investment in your future an affordable one. Our Financial Aid Advisors work closely with you, one-on-one, to help you apply for and receive all the Federal, State, and Baker College financial aid that you qualify for. 

Baker College has the lowest tuition of any private college in Michigan, without any extra fees or hidden costs. Plus, students who attend high quality private colleges like Baker have access to more financial aid than those attending community colleges and public universities. Talk with your campus Financial Aid Advisor. We’ll work with you throughout the entire process.

Announcements

  • The Department of Education has replaced the Federal Student Aid PIN with a new FSA ID. For instructions on how to create an FSA ID click here
  • Complete the 2015-2016 FAFSA at fafsa.gov.
    • The 2015-2016 FAFSA should be completed by students who would like to be considered for student aid from Fall 2015 through Summer 2016.
    • The 2016-2017 FAFSA should be completed by students who would like to be considered for student aid from Fall 2016 through Summer 2017. This application will be available January 1, 2016, remember to apply early!
  • Use the IRS Data Retrieval tool when completing your FAFSA application
  • Check the status of your financial aid on the STAR system. First time using Star? Review these instructions before you begin.
  • What are the benefits of paying interest?

    When a borrower pays the interest, it can minimize the amount of interest that accrues on the loan (added to your current principal balance) when the account enters the repayment phase. If less or no interest is added to the original loan amount, the borrower's monthly payment will be less.

  • How can I reduce the amount I need to borrow?

    When you file your Free Application for Federal Student Aid (FAFSA), you will automatically be considered for aid from all of the programs offered by the U.S. Department of Education, including grants and work-study. You may be able to find additional sources of aid on your own. You can, for example, do a free scholarship search on the web. The Federal government has a free search engine on Student Aid online at www.studentaid.gov.

  • How do I know when I have been awarded?

    When the awarding process is complete, you will receive an award notification from the Financial Aid office . If you are a new student, you will receive notification by postal mail. If you are a returning student, you will receive notification by email.

  • What is financial aid?

    Any money that helps students attend college is considered financial aid. It may include grants, scholarships, loans, job earnings, or help from parents or a spouse.

  • Can I use future financial aid funds to cover a prior balance?

    In accordance with Federal regulations, the College cannot automatically use future loan funds to cover a prior quarter balance. If there are any excess loan funds available after your tuition and books have been paid during the current quarter, the funds will be released to you as a refund. It remains your responsibility to pay your prior quarter balance in full.

Load More FAQ'S
Financial Aid Resources & Information

Financial Aid

Making college affordable.

Helping ensure your success.

If you’re interested in attending Baker College, we’ll help make your investment in your future an affordable one. Our Financial Aid Advisors work closely with you, one-on-one, to help you apply for and receive all the Federal, State, and Baker College financial aid that you qualify for. 

Baker College has the lowest tuition of any private college in Michigan, without any extra fees or hidden costs. Plus, students who attend high quality private colleges like Baker have access to more financial aid than those attending community colleges and public universities. Talk with your campus Financial Aid Advisor. We’ll work with you throughout the entire process.

Announcements

  • The Department of Education has replaced the Federal Student Aid PIN with a new FSA ID. For instructions on how to create an FSA ID click here
  • Complete the 2015-2016 FAFSA at fafsa.gov.
    • The 2015-2016 FAFSA should be completed by students who would like to be considered for student aid from Fall 2015 through Summer 2016.
    • The 2016-2017 FAFSA should be completed by students who would like to be considered for student aid from Fall 2016 through Summer 2017. This application will be available January 1, 2016, remember to apply early!
  • Use the IRS Data Retrieval tool when completing your FAFSA application
  • Check the status of your financial aid on the STAR system. First time using Star? Review these instructions before you begin.
Contact Us

Many opportunities for financial assistance get passed over, sometimes because students are unaware of them, but also because of complicated forms and criteria. That’s where we come in. Baker College Financial Aid Advisors not only know what assistance is available, they work closely with you, one-on-one, and take the time to help you do the paperwork, apply for, and receive all the financial assistance you qualify for. 

Baker College of Allen Park 
4500 Enterprise Drive
Allen Park, Ml 48101
Toll Free: (800) 767-4120
Phone: (313) 425-3700
Fax: (313) 425-3745
finserv-ap@baker.edu

Baker College of Auburn Hills
1500 University Drive
Auburn Hills, Ml 48326
Phone: (248) 276-8211
Fax:
(248) 276-8297
finserv-ah@baker.edu

Baker College of Cadillac
9600 East 13th Street
Cadillac, Ml 49601
Toll Free: (888) 313-3463
Phone: (231) 876-3118
Fax: (231) 876-3443
finserv-ca@baker.edu 

Baker College of Clinton Township
34950 Little Mack Avenue
Clinton Township, Ml 48035
Toll Free: (888) 272-2842
Phone: (586) 790-2810
Fax: (586) 791 -8186
finserv-ct@baker.edu

Baker College of Flint
1050 West Bristol Road
Flint, Ml 48507
Phone: (810) 766-4202
Fax: (810) 766-4293
finserv-fl@baker.edu

Baker College of Cass City
(Flint Extension Site)
6667 Main Street
Cass City, Ml 48726
Toll Free: (800) 572-8132
Phone: (989) 872-6000
Fax: (989) 872-6001
finserv-cy@baker.edu 

Baker College of Jackson
2800 Springport Road
Jackson, Ml 49202
Toll Free: (888) 343-3683
Phone: (517) 788-7800
Fax: (517) 789-6333
finserv-jk@baker.edu 

 

Baker College of Coldwater
(Jackson Extension Site)
370 East Chicago Street, Suite 380
Coldwater, Ml 49036
Toll Free: (877) 343-3683
Phone: (517) 788-7800
Fax: (517) 789-6333
finserv-jk@baker.edu 

Baker College of Muskegon
1903 Marquette Avenue
Muskegon, Ml 49442
Toll Free: (800) 937-0337
Phone: (231) 777-5231
Fax: (231) 777-5264
finserv-mu@baker.edu 

Baker College of Fremont
(Muskegon Extension Site)

5479 W. 72nd St., Suite 102
Fremont, MI 49412
Toll Free: (800) 937-0337
Phone: (231) 924-8850
Fax: (231) 777-5264
finserv-mu@baker.edu 

Baker College of Owosso 
1020 South Washington Street
Owosso, Ml 48867
Phone: (989) 729-3430

Fax (989) 729-3441
finserv-ow@baker.edu 

Baker College of Port Huron 
3403 Lapeer Road
Port Huron, Ml 48060
Toll Free: (888) 262-2442
Phone: (810) 985-7000
Fax: (810) 985-7066
finserv-ph@baker.edu 

Baker College of Reading 
606 Court Street
Reading, PA 19601
Phone: (610) 268-9342
finserv-pa@baker.edu

Baker College Online
1116 West Bristol Road
Flint, Ml 48507
Toll Free: (800) 796-7064
Phone: (810) 766-4390
Fax: (810) 766-2107
finserv-ol@baker.edu

Baker Center for Graduate Studies
1116 West Bristol Road
Flint, Ml 48507
Toll Free: 800-796-7064
Phone: (810) 766-4390
Fax: (810) 766-2107
finserv-ol@baker.edu

Important Dates & Announcements

Financial Aid Disbursement & Refund Schedule

For Spring Quarter 2016, eligible financial aid funds (including student loans) will be applied to student accounts beginning on April 18th (the Monday following the census date). Before funds can be applied to your account, you must meet the federal requirements (i.e. attendance, minimum registered hours, etc.). Refunds will be issued weekly beginning April 19th (typically on Tuesdays).  

Higher One will send an email when credit is available on your Baker One card.

  • Financial aid funds must be applied to your account to be eligible for a refund. Pell grant, one quarter loans, BCG and BCRS awards can affect the amount that you receive and when you receive a refund.  You could have multiple refunds.
  • New students who are receiving their first student loan, the earliest date your loan funds can be applied to your account is May 9, 2016.  This date may vary based on your class schedule.
  • If you receive a refund, please understand that it is contingent upon your attendance in all of your spring quarter classes.  If you do not attend or if you withdraw from any classes, your financial aid eligibility may be impacted.  This may result in a loss of financial aid and a balance due to the College.  Please contact your campus Financial Services Office prior to withdrawing from classes.

Students awarded the Baker College Grant (BCG) or BCRS Merit Award

These funds will not be applied until May 10, 2016.  The amount that will be applied to your account is based on your enrollment status at that time.  Withdrawals, drops and added classes prior to that date will impact your award amount.  If this results in excess funds on your account, the refund will not be available until May 17, 2016.    

Census Date

The Spring Quarter Census Date is April 12, 2016. This Census Date is used to determine your enrollment status for Pell Grant awarding.  Visit our Census Date website for more details on how this may impact your awards.


Loan Information

Federal regulations require that loans for a single quarter be paid in two disbursements. To qualify for the second disbursement, students must be registered at least half time and have attendance after the midpoint of the loan period.  An email notification is sent when loan funds have been applied to a student’s account. To avoid delayed posting (and refunds if applicable) request loans that cover the entire award year.

Inceptia

You’re not alone when it comes to student loans. Baker College has partnered with Inceptia, a division of National Student Loan Program (NSLP), to provide you with FREE assistance on your Federal student loan obligations to ensure successful, and comfortable, loan repayment.

Inceptia is not a collection agency.  We’ve partnered with them to help you explore a wide variety of possibilities such as alternative repayment plans, deferment, consolidation, discharge, forgiveness, and forbearance options.

Inceptia will stay in touch with you via phone calls, letters, and/or emails to help you find answers to your questions and solutions to your issues.

Note:  When you receive a call from Inceptia, due to Federal privacy regulations, be aware that you will be asked to verify two pieces of personally identifiable information to ensure they are speaking with the correct person.

For additional resources including information on repayment options, please visit Inceptia’s Federal Student Loan Overview website at www.Inceptia.org/FAQ.   

Find out who your student loan servicer is by using the National Student Loan Data System (www.nslds.ed.gov).

Inceptia Contact Information:

1-855-240-6826 - if you just left school

1-855-471-1614 - if you are in repayment and have questions or concerns

www.Inceptia.org/FAQ

www.Inceptia.org/Assistance

 

 

 

 

 

Financial Awareness Counseling

Financial Awareness Counseling provides tools and information to help you understand your financial aid and assist you in managing your finances. 

  • The Department of Education’s Financial Awareness Counseling was developed to:
  • Educate borrowers about their current indebtedness and management of this student loans
  • Provide a centralized, on-line source of financial literacy information to students
  • Assist borrowers in making informed postsecondary funding decisions
  • Support the government wide efforts through the Financial Literacy Education Commission

The 5 Financial Awareness Counseling topics are...

We strongly encourage you to visit www.studentloans.gov to complete Financial Awareness Counseling. 

  • Begin the process by clicking ‘Log In’ 
  • Select Complete Counseling
  • Select Financial Awareness Counseling
  • Select the option of not notifying the school or go to the drop down box to notify your school
  • Select Continue to begin the counseling session

 

 

 

 

Policies & Procedures

Baker’s Financial Aid Advisors take a personal approach, working closely with you to ensure you’ve completed all the requirements for the financial aid that is available to you. Our policies and procedures help guide the process. 

Refund Policy
Proof of High School Completion
Unusual Enrollment History
Satisfactory Academic Progress Rules

Refund Policy

The tuition refund policy is based upon the official notice date and enrollment period. NOTE: ABSENTEEISM OR FAILURE TO BEGIN A CLASS DOES NOT REDUCE A STUDENT'S FINANCIAL OBLIGATION.

Refunds
Information regarding the timetable for refunds is available in the Business Office of each campus. Refunds are proccessed using the Baker OneCard system. This card is issued to all new and returning students and must be activated by the student to receive refunds by choosing one of the three methods available: Baker One account, ACH to existing personal bank account, or by paper check. Information regarding the Baker OneCard can be obtained at your campus Business Office or by visiting www.BakerOneCard.com.

Official Notice Date 
The official notice date is one of the following:

  • The date the drop/withdrawal form is turned in to the Academic/Administrative Office.
  • The postmarked date of the letter sent to the Academic/ Administrative Office.
  • The date the fax was sent.
  • The date the e-mail was sent.
  • The date of notice of withdrawal by the College.

Refunds will be based on the date of official notice (see the Withdrawal from a Course section).

Enrollment Period

  • Enrollment period is determined by the registered class.
  • On-ground classes enrollment period begins on the Monday of the week that class begins.
  • On-line classes enrollment period begins on the Thursday of the week that class begins.

Percentage of Refund

  • 100% Drop: If official notice date is before the first day of the enrollment period (not class start date).
  • 100% Withdrawal: If official notice date is within the first seven days of the enrollment period (not class start date).
  • 50% Withdrawal: If official notice date is after the first seven days of the enrollment period and before the fifteenth day of the enrollment period.
  • NO REFUND: If official notice date is after the fourteenth day of the enrollment period.

Refunds on Residence Hall Charges
If a student properly checks out of the residence hall, in good standing, at the end of the academic quarter, or graduates, the $50 deposit may be refunded within 45 days of the student's departure by the campus Business Office. An improper checkout from the residence hall may result in an additional fee not covered by the $50 deposit.

There is no refund on quarterly room charges or room deposits for students who are expelled, dismissed, or move out voluntarily during the quarter (see the Student Housing section).

Proof of High School Completion

Completion of high school must be verified. Below is a list of acceptable documents that will satisfy the verification requirement. If you are unable to obtain this documentation, please contact the Financial Aid Office at your campus.

High School Diploma
An applicant with a high school diploma must submit either:

  • A copy of the student’s high school diploma, or
  • A copy of the student’s final official high school transcript that shows the graduation date.

Please note: If your high school diploma is not in English, Baker College requires that you submit an English translation of the document. The National Association of Credential Evaluation Services (NACES) has contact information for companies that provide translation services. Visit http://naces.org/member.htm.

Recognized Equivalent of a High School Diploma
An applicant who has the recognized equivalent of a high school diploma must submit either:

  • A copy of the student’s General Educational Development (GED) certificate or GED transcript, or
  • An academic transcript that indicates the student successfully completed at least a two-year program that is acceptable for full credit toward a bachelor degree.

Completion of a Home School Program
An applicant who was homeschooled must submit the following documentation:

  • Michigan residents must submit a transcript or the equivalent, signed by the student’s parent or guardian, that lists the secondary school courses the student completed, and documents the successful completion of a secondary school education in a homeschool setting.
  • Residents of other states: 
    • If State law requires a homeschooled student to obtain a secondary school completion credential for homeschool (other than a high school diploma or its recognized equivalent), a copy of that credential. 
    • If State law does not require a homeschooled student to obtain a secondary school completion credential for homeschool (other than a high school diploma or its recognized equivalent), a transcript or the equivalent, signed by the student’s parent or guardian, that lists the secondary school courses the student completed and documents the successful completion of a secondary school education in a homeschool setting.

Unusual Enrollment History

Beginning with the 2013-2014 academic year, the U.S. Department of Education started identifying students with an Unusual Enrollment History in an effort to prevent fraud and abuse in the Federal Pell Grant Program. Students are being notified by the Department of Education that their FAFSA is flagged for Unusual Enrollment History with a comment code (C code) on their Student Aid Report (SAR). Baker College cannot pay Title IV funds to students with Unusual Enrollment History C codes until there is adequate resolution outlined by the Department of Education.

If you have received a notice from Baker College that you have a C code related to Unusual Enrollment History, the following items are needed to determine your financial aid eligibility.

2015-2016 Financial Aid Recipients

  • Log into the National Student Loan Database (NSLDS), www.nslds.ed.gov, using your FSA ID to determine the schools you received Pell Grant and/or Federal Direct Loan funds at during the 2011-2012, 2012-2013, 2013-2014 and 2014-2015 academic years.
  • Complete the 2015-2016 Unusual Enrollment History Form  (PDF 107 KB) and return it to the campus you plan to attend with all required documentation by the deadline for the quarter in which you are trying to receive financial aid funds.

2016-2017 Financial Aid Recipients

  • Log into the National Student Loan Database (NSLDS), www.nslds.ed.gov, using your FSA ID to determine the schools you received Pell Grant and/or Federal Direct Loan funds at during the 2012-2013, 2013-2014, 2014-2015 and 2015-2016 academic years.
  • Complete the 2016-2017 Unusual Enrollment History Form  (PDF 107 KB) and return it to the campus you plan to attend with all required documentation by the deadline for the quarter in which you are trying to receive financial aid funds.

Please note that if you did not earn at least one academic credit/clock hour at every institution you attended and received Pell Grant funds, you will be required to:

  • Submit an explanation of the special circumstance that caused you to not earn credit/clock hours.
  • Submit documentation to support your explanation.

The deadlines* are as follows:

  • Summer 2016: June 24, 2016
  • Fall 2016: September 23, 2016
  • Winter 2017: January 6, 2017
  • Spring 2017: March 31, 2017
  • Summer 2017: June 23, 2017

*Please note that you will have seven days from the date of notification or up to the deadline date (whichever comes later) to submit all of the required information requested to resolve your unusual enrollment history flag.

Baker College will review your Unusual Enrollment History Form and communicate with you on your eligibility to receive financial aid funding. If your financial aid funding is reinstated, you will receive additional information from Baker College about the status of your FAFSA application.

Satisfactory Academic Progress Rules

In order to receive federal, state, or institutional aid, regulations require that students maintain satisfactory academic progress toward completion of their current academic program. All students will have their progress reviewed, whether or not they are receiving financial aid, since these rules decide eligibility for future quarters.

The Satisfactory Academic Progress (SAP) Rules for Baker College students vary based on degree level.

Undergraduate Students
There are three academic standards that all students are required to maintain in order to remain eligible for future financial aid assistance. These three standards are: 

  • Grade Point Average (GPA)
  • Pace
  • Maximum Timeframe

In addition, students must be accepted for continued enrollment under the policies defined in the Baker College catalog.

Grade Point Average (GPA) Requirement
Baker College will evaluate the GPA requirement after each spring quarter. Students on a certificate or diploma program of 48 or fewer credit hours (based on published catalog hours) will be evaluated quarterly. Students will be considered in violation if they do not maintain the minimum GPA requirement.

Listed below are the minimum GPA requirements for the initial review. Please note that these minimums only apply to the first review; all subsequent reviews require that the student maintain a 2.0 GPA.

Credit Hours Attempted / Initial Review Minimum GPA
1-16 / 1.50
17-32 /1.65
33-48 /1.80
49-64 /1.90
65 and above / 2.00

Pace Requirement
Baker College will evaluate the Pace requirement after each spring quarter to ensure that students successfully complete two-thirds of their cumulative hours attempted (including transfer credits). Students on a certificate or diploma program of 48 or fewer credit hours (based on published catalog hours) will be evaluated quarterly. Students will be considered in violation if they do not meet this requirement.

Maximum Timeframe Requirement
Baker College will monitor the maximum Timeframe requirement at the end of each quarter by comparing the required hours for program completion to the cumulative hours attempted. Students will be considered in violation when it becomes mathematically impossible for them to graduate within the 150% timeframe.

Definitions:

  • Time Frame: Published program hours multiplied by 150%.
  • Cumulative Hours Attempted: Cumulative hours attempted at Baker College, plus transfer hours, minus up to 45 developmental hours (if any), minus adjusted hours for successfully completed classes toward the most recent prior program, but not applicable to the current program (if any).

Please Note

  • Withdrawal grades and repeat classes are counted as hours attempted for Pace and Maximum Timeframe.
  • Incomplete/Progress grades are not counted until they are converted to an actual grade.
  • Only transfer credits from another institution, which apply toward the student's current program, are applied to the Pace and Maximum Timeframe requirements.
  • Classes that do not meet the minimum grade criteria are not considered successfully completed for purposes of the Maximum Timeframe calculation.
  • Academic Amnesty does not eliminate the classes from being included in the calculation.

Reinstatement of Eligibility
Students may reinstate their eligibility using one of the following options:

  • Students in violation of the GPA or Pace requirements may re-establish good standing by completing the number of hours required or by raising their cumulative GPA to a 2.0 without the assistance of federal or state aid. Once completed, it is the student's responsibility to contact the Financial Services Office regarding reinstatement of their financial aid.
  • Students may submit an appeal, with proper documentation based on special circumstances, to the Financial Services Office at Baker College for consideration of reinstatement. Examples of special circumstances include: illness, unexpected hardships, death in the immediate family, etc.
    • Note: Beginning on July 1, 2011, students will only be allowed to submit two SAP appeals for consideration of reinstatement of financial aid.  Only appeals reviewed by the committee (approved or denied) are counted in this limit.  Students must wait four years after the second appeal is submitted before they can submit a third appeal for consideration.

Appeal Process
The SAP Appeal Form must be completed (WITH PROPER DOCUMENTATION) and submitted to the Financial Services Office no later than the following date:

  • Summer 2016: June 10, 2016
  • Fall 2016: September 9, 2016
  • Winter 2017: December 22, 2016
  • Spring 2017: March 17, 2017

Registered students, who are not notified of the violation prior to the deadlines listed above, must submit their appeal within 7 days from the date they are notified by the Financial Services Office.

An appeal committee will review appeals to determine the appropriate action. Actions could consist of:

  • A returned appeal for additional documentation
  • An accepted appeal
  • A denied appeal

All accepted appeals will include an academic plan which must be followed by the student in order to re-establish financial aid eligibility. Students are required to meet with the appropriate academic personnel to register for classes while they are on this academic plan.

Academic Considerations
The Financial Aid Satisfactory Academic Progress Rules measure a student's eligibility for financial aid and are separate from the academic policies, which students must maintain for continued enrollment.

  • Academic Appeals: The academic appeals are completed separately from the financial aid appeals and students may be required to complete both.
  • Academic Amnesty: The Fresh Start Program will not supersede the Baker College Financial Aid Satisfactory Academic Progress Rules.

Graduate Students
There are three academic standards that all students are required to maintain in order to remain eligible for future financial aid assistance. These three standards are: 

  • Grade Point Average (GPA)
  • Pace
  • Maximum Timeframe

In addition, students must be accepted for continued enrollment under the policies defined in the Baker College catalog.

Grade Point Average (GPA) Requirement
Baker College will evaluate the GPA requirement after each spring quarter. Students will be considered in violation if they do not maintain the minimum GPA requirement. Listed below are the minimum GPA requirements for the initial review. Please note that these minimums only apply to the first review; all subsequent reviews require that the student maintain a 3.0 GPA.

Credit Hours Attempted / Initial Review Minimum GPA
1-12 / 2.75
13-24 / 2.87
25 and above / 3.00

Pace Requirement
Baker College will evaluate the Pace requirement after each spring quarter to ensure that students successfully complete two-thirds of their cumulative hours attempted (including transfer credits). Students will be considered in violation if they do not meet this requirement.

Maximum Timeframe Requirement
Baker College will monitor the Maximum Timeframe requirement at the end of each quarter by comparing the required hours for program completion to the cumulative hours attempted. Students will be considered in violation when it becomes mathematically impossible for them to graduate within the 150% timeframe.

Definitions:

  • Time Frame: Published program hours multiplied by 150%.
  • Cumulative Hours Attempted: Cumulative hours attempted at Baker College, plus transfer hours, minus adjusted hours for successfully completed classes toward the most recent prior program, but not applicable to the current program (if any).

Please Note

  • Withdrawal grades and repeat classes are counted as hours attempted for Pace and Maximum Timeframe.
  • Incomplete/Progress grades are not counted until they are converted to an actual grade.
  • Only transfer credits from another institution, which apply toward the student's current program, are applied to the Pace and Maximum Timeframe requirements.
  • Classes that do not meet the minimum grade criteria are not considered successfully completed for purposes of the Maximum Timeframe calculation.

Reinstatement of Eligibility
Students in violation of the GPA or Pace requirements may re-establish good standing and reinstate their eligibility by using one of the following options:

  • By completing the number of hours required or raising their cumulative GPA to a 3.0 without the assistance of federal or state aid. Once completed, it is the student's responsibility to contact the Financial Services Office regarding reinstatement of their financial aid.
  • By submitting an appeal, with proper documentation based on special circumstances, to the Financial Services Office at Baker College for consideration of reinstatement. Examples of special circumstances include: illness, unexpected hardships, death in the immediate family, etc.
    • Note: Beginning on July 1, 2011, students will only be allowed to submit two SAP appeals for consideration of reinstatement of financial aid.  Only appeals reviewed by the committee (approved or denied) are counted in this limit.  Students must wait four years after the second appeal is submitted before they can submit a third appeal for consideration.

Appeal Process
The SAP Appeal Form must be completed (WITH PROPER DOCUMENTATION) and submitted to the Financial Services Office no later than the following date: 

  • Summer 2016: June 10, 2016
  • Fall 2016: September 9, 2016
  • Winter 2017: December 22, 2016
  • Spring 2017: March 17, 2017

Registered students, who are not notified of the violation prior to the deadlines listed above, must submit their appeal within 7 days from the date they are notified by the Financial Services Office.

An appeal committee will review appeals to determine the appropriate action. Actions could consist of:

  • A returned appeal for additional documentation
  • An accepted appeal
  • A denied appeal

All accepted appeals will include an academic plan which must be followed by the student in order to re-establish financial aid eligibility. Students are required to meet with the appropriate academic personnel to register for classes while they are on this academic plan.

Academic Considerations

The Financial Aid Satisfactory Academic Progress Rules measure a student's eligibility for financial aid and are separate from the academic policies, which students must maintain for continued enrollment.

  • Academic Appeals: The academic appeals are completed separately from the financial aid appeals and students may be required to complete both.
Financial Aid Basics

Financial aid is any money that helps students cover the cost of their college education. It can include scholarships, grants, loans, job earnings, or help from a parent or spouse. 

Our goal is to make education accessible to all students who are interested in attending Baker College. Our Financial Aid staff is available to assist you and your family throughout the process — from filling out the Free Application for Federal Student Aid to completing forms required for grants or loans — and help ensure that you receive all of the assistance for which you qualify.  

Overview

To begin the process of applying for any type of financial aid, you must first complete the Free Application for Federal Student Aid (FAFSA), indicating the Baker College Campus that you plan to attend. 

You must apply for financial aid every year. New applications are available after January 1st each year. Always complete your FAFSA as early as possible. 

To help speed the application process, we encourage you to have your taxes completed prior to applying. The FAFSA website allows you and/or your parent or guardian to link to the IRS website in order to retrieve their tax information.

Notice of Financial Aid Eligibility
Once your financial aid information has been reviewed and your eligibility for financial assistance has been determined, you will receive a Notice of Financial Aid and Loan Eligibility package. This package explains the amounts of all grant aid, scholarships, and work aid you will be receiving for the academic year, and indicates the amounts of any loans you qualify for.

If your financial aid package does not cover your costs to attend Baker College, you may look into alternative loans (credit-based loans) or a payment plan with the Baker College Business Office. 

If you want to apply for any loans that may be indicated, you will need to complete and return the Loan Request Form(s), which will be included in your Notice of Financial Aid and Loan Eligibility package. Completion of this form begins the process of applying for a student loan. For more complete information, see How to Apply for a Loan.

Sources of Financial Aid

When you evaluate your options for receiving financial aid, remember that there are different sources of aid besides student loans. 

Maximize the Sources of Aid that You Don't Have to Repay

Evaluate Sources of Aid that Do Need to be Repaid 

  • Federal Direct Subsidized Stafford Loans
  • Federal Direct Unsubsidized Stafford Loans
  • Federal PLUS Loans
  • Federal Graduate PLUS
  • Private Education Loans
Financial Aid Tips

Conduct Your Own Scholarship Search

To receive the maximum amount of free financial help available, you should apply for as many scholarships as possible. Below are some of the resources you can explore for educational funding opportunities:

Beware of scholarship scams. To protect yourself, it is important to know how legitimate scholarship programs work. You should never have to pay an application or processing fee to apply for a scholarship. If there is a fee attached to a scholarship application, we recommend that you avoid it. 

You can get additional information online about scholarship scams and people/organizations that have been listed by the Federal Trade Commission (FTC) as scam artists. In most cases, you can conduct your own scholarship search at no cost, and get the same results.

Use the Correct Form(s)

It is extremely important that you use the correct form(s) when you apply for financial aid.

The Free Application for Federal Student Aid (FAFSA) is the form to use when applying for federal and most state aid programs. You can complete the free financial aid application electronically at www.fafsa.gov. Remember, only one application per student and you must re-apply every year. Note: Do not apply for financial aid at fafsa.com. This website will charge you a fee to complete your FAFSA application.

Baker College may also require you to complete and submit additional forms. Make sure you ask your Financial Aid Office what forms are necessary to complete the financial aid process.

Complete Forms Accurately

As you go through the financial aid process, there may be additional forms you need to complete. If they are not completed correctly, the process may be delayed. Making mistakes on your forms may result in a loss of financial aid funding you may have been eligible for.

If you have any questions or problems completing the requested forms, contact the Financial Aid Office at the campus you plan to attend. We can provide any assistance you may need. 

Meet Required Deadlines

Always contact the Financial Aid Office at the campus you plan to attend about deadlines. Missing required deadlines may result in a loss of financial aid funding you may have been eligible for.

  • January 1 - Submit your FAFSA as soon as possible after January 1 and no later than June 30 every year.
  • March 1 – To receive the Michigan Competitive Scholarship, your FAFSA must be received by March 1 (this scholarship is only available to students attending a Michigan college).
  • June 30 – To receive the Michigan Tuition Grant, your FAFSA must be received by June 30 (this grant is only available to students attending a private college in Michigan).
  • Scholarship deadlines – Deadline dates vary by scholarship. When applying for scholarships, consult the organization that you are applying through for this information. Your Financial Aid office may not know about specific deadlines for outside scholarships.


Follow Through

After you have submitted your financial aid application to the federal government, you may still need to follow up on certain requests. Your application is sent to the Federal and State Departments of Education, Baker College, and (in some cases) other organizations. They may request additional information in order to complete the financial aid process and determine your eligibility for financial aid. Be sure you respond to these requests as soon as possible. If you have any questions about the information they want, contact the Financial Aid office for help.

Financial Literacy

College is one of the biggest investments you will make in your lifetime, but it will pay off in higher income, expanded career opportunities and greater personal satisfaction throughout your life.

The understanding and management of personal finance and student loan debt are financial literacy topics of particular importance to college students.

Are you interested in learning about the following?

  • Managing debt
  • Establishing a budget
  • Using my credit card(s) wisely
  • Applying for financial aid
  • Understanding my student loan(s) and the consequences of default
  • How to avoid identity theft
  • How to live within my resources
  • Saving for my future

Baker College has partnered with Inceptia to provide an online financial literacy tool that can help guide you through these and many other questions you may have.

Click to access the Financial Avenue Guide.

 

 

 

 

 

 

 

 

 

 

How to Apply

The first step in applying for financial aid is completing the Free Application for Federal Student Aid (FAFSA) online.  Following are step-by-step instructions for completing the application. 

Step 1 - Preparation

If you do not have a Federal Student Aid (FSA) ID you must create one at fsaid.ed.gov. An FSA ID is comprised of a username and password and can be used to login to certain Federal Student Aid websites, such as the Free Application for Federal Student Aid (FAFSA).

Your FSA ID can be used to:

  • Gives you access to Federal Student Aid’s online systems
  • Electronically sign your Federal Student Aid documents
  • Is used each year when you apply for Federal Student Aid

It is important that you keep your FSA ID information in a safe place and never share it. If you are a parent of a dependent student, you will need your own FSA ID if you want to sign your child’s FAFSA electronically. If you have more than one child attending college, you can use the same FSA ID to sign all applications. Please note: Each FSA ID user must have a unique e-mail address.

For more information about the FSA ID click here or watch these videos:

 

Step 2 - Complete the Free Application for Federal Student Aid (FAFSA)

  • Complete the FAFSA application online. It contains built-in edits to help prevent you from making errors.
  • Include the appropriate Baker College campus code(s) on your application (see the campus codes below).
  • For quicker processing use the IRS Data Retrieval tool if the option is available.
  • File your FAFSA online as soon as possible on or after January 1 each year. 

Baker College Campus Codes

  • Allen Park: E01024
  • Auburn Hills: E00466
  • Cadillac: E00461
  • Cass City: E01010
  • Coldwater: E00733
  • Clinton Township: E00462
  • Flint: 004673
  • Fremont: E00463
  • Jackson: E00733
  • Muskegon: E00463
  • Owosso: E00464
  • Port Huron: E00465
  • Culinary Institute of Michigan (Muskegon): E40395
  • Culinary Institute of Michigan (Port Huron): E40396
  • Auto Diesel Institute of Michigan (Owosso): E40397
  • Baker Online: E00811
  • Center for Graduate Studies: E00811

Step 3 - Review your Student Aid Report (SAR)

After your application is processed, you will receive a Student Aid Report (SAR) either by postal mail or e-mail. If you provided your e-mail address on the FAFSA application, you will receive an e-mail with a link to your SAR within five days. Be sure to review the SAR for accuracy. If there are inaccurate items, correct them online at www.fafsa.gov. You do not need to submit this SAR to the college unless it is specifically requested.

Step 4 - Complete the Application Process

Some students will be selected for verification by the Department of Education. This is done randomly, and is not cause for alarm. If you are selected, you will receive a letter from the Financial Aid Office requesting certain documentation. The requested documentation should be provided quickly to ensure timely awarding by the Financial Aid Office.

At this point in the financial aid process, you should:  

  • Read all application materials and financial aid notifications.
  • Notify the Financial Aid Office if you have applied for assistance, but no longer wish to attend the school.
  • Promptly notify the Financial Aid Office of any outside or private scholarship, grant, or other types of student aid you have received or expect to receive.
  • Keep copies of all application materials in your records for future reference.

If you have any questions about completing FAFSA, or about the financial aid process, please contact the Financial Aid Office at your campus.

IRS Data Retrieval

The U.S. Department of Education and the Internal Revenue Service (IRS) have worked together to develop a tool to help simplify the completion of the FAFSA form. This tool is called the Internal Revenue Service (IRS) Data Retrieval. When you apply for financial aid online, you will be given the option to retrieve and transfer your IRS tax data directly to your financial aid application. To take advantage of this feature, you will need to complete your taxes first.

If you are eligible to use the IRS Data Retrieval, we strongly recommend using the tool for several reasons:

  • It's the easiest way to provide your tax data.
  • It's the best way of ensuring that your FAFSA has accurate tax information.
  • You will not need to provide a copy of your or your parents' tax transcripts to the Financial Aid Office.

Who qualifies to use the IRS Data Retrieval?

The IRS Data Retrieval process can be used by applicants who are filing an initial application, renewal application, or are making a correction to an initial financial aid application. Applicants and parents must also meet the following criteria:

  • Must have a valid Social Security number
  • Must have filed a federal tax return
  • Marital status has not changed since December 31, of the previous calendar year

Who does not qualify to use the IRS Data Retrieval?

Students or parents who meet any of the following criteria will not be able to use the IRS Data Retrieval process when completing their FAFSA on the Web application.

Students and parents who:

  • Have a marital status date of January 1, of the current calendar year, or later.
  • Indicated they have not already filed a tax return or will not file a tax return.
  • Are married but filed a tax return either as head of household or married filing a separate return.
  • Have filed an amended tax return.
  • Have filed a Puerto Rican or foreign tax return.

If the applicant or parent is not able to use the IRS Data Retrieval tool, the college may require you to submit an IRS Tax Return Transcript.

What happens if I am selected for verification?

If you are selected for verification and you or your parent did not use the IRS Data Retrieval tool, the Financial Aid Office is required to request additional tax information.

Students and parents, when asked by the college, are required to either:

  • Correct their FAFSA and use the IRS Data Retrieval tool to transfer their income from the IRS. (See below for steps to complete this process.)
  • Submit a copy of their IRS Tax Return Transcript.

How to use the IRS Data Retrieval tool when completing the FAFSA

  1. Go to www.fafsa.gov and click 'Start a new FAFSA' or click 'Login' to make a correction to an existing FAFSA.


     
  2. Log in by entering your FSA ID.

  3. For an initial application, click Start FAFSA.
     
  4. If you have already completed the FAFSA, click 'Make FAFSA Corrections.' This will allow you to link your IRS tax information after you have completed your tax return.
     
  5. In the Financial Information Section select 'Already completed' from the drop down box (if you have already completed your tax return).


     
  6. Select your tax filing status according to your tax return and answer the eligibility questions.  
    If all your responses are 'No,' select 'Link to IRS.'  If your response is 'Yes' to any of the questions, you may be required to request an IRS Tax Transcript and submit the document to the Financial Aid Processing Center. (You will receive additional information from financial aid if a tax transcript is required). Note: The questions presented are unique to the applicant.

  7. After you click 'Link to IRS,' your FAFSA information will be saved and a message will display to let you know you are leaving FAFSA on the Web. Click 'OK' and you will be transferred to the IRS website to access your tax information.


     
  8. Your first name, last name, Social Security number, and birth date will be prefilled. You will be required to enter your tax filing status and street address exactly as it appears on your tax return. Click 'Submit.'


     
  9. The income information from your tax return will be displayed. At the bottom of the page, click 'Transfer Now.' This will return you to the FAFSA on the Web application and populate the answers to the appropriate FAFSA questions.


     
  10. A message will appear indicating you have successfully transferred your tax information. It is important that you continue through the remainder of the steps to submit your financial aid application.


     
Tax Transcript Information

How to Request an IRS Tax Return Transcript

When completing the Free Application for Federal Student Aid (FAFSA) online, the applicant and parent of the applicant should utilize the IRS Data Retrieval Tool. Please click this link for more information about the IRS Data Retrieval Tool.

If the FAFSA is selected for verification and the IRS Data Retrieval Tool was not used, the financial aid office will request a copy of the appropriate IRS Tax Return Transcript(s).

Tax filers can request a transcript from the IRS in one of three ways:

  • Online
  • IRS2Go App
  • Telephone
  • Paper

Amended Tax Return Filers
You will be required to submit the documentation listed below:

  • A copy of their IRS Tax Return Transcript or an acceptable IRS alternative, such as a Record of Account Transcript, a Return Transcript for Taxpayer, or an Information Returns Process Transcript Request – Wages; and
  • A signed copy of the IRS form 1040X that was filed with the IRS

Victims of Identity Theft
Beginning with the 2013 tax year, tax filers—who were unable to request an IRS Tax Return Transcript—may authenticate with the IRS Identity Protection Specialized Unit (800-908-4490). Once authenticated, the taxpayer may request that the IRS mail an alternate paper tax return transcript.

For 2012 and prior tax transcript requests, please contact the Financial Aid Office for further guidance.

Important: Requesting your Tax Return Transcript and Tax Account Transcript are both free services.  The IRS offers services that have required fees.  The only required documentation that our office will request is free of charge.


Online Request

  • Tax Return documentation is available on the IRS website at www.irs.gov
  • Under the Tools section of the homepage click ”Get Transcript for My Tax Records”
  • Select “Get Transcript ONLINE,” to view and print your transcript immediately or “Get Transcript by MAIL,” to have a copy of your transcript mailed to your home within 5 to 10 business days.
    • “Get Transcript ONLINE” instructions (this method is preferred):
      • Click on “Get Transcript ONLINE”.
      • Acknowledge the disclosure pop up box that appears by clicking “OK”.
      • • Sign-up to create or reactivate an account.
      • Select “Higher Education/Student Aid” for reason why transcript is being requested.
      • In the Return Transcript field, select the appropriate tax year
    • “Get Transcript by MAIL” instructions:
      • Click on "Get Transcript by MAIL”.
      • Acknowledge the disclosure pop up box that appears by clicking “OK”.
      • Enter the primary tax filer's Social Security Number, date of birth, street address, and zip code.
      • Click "Continue".
      • In the Type of Transcript field, select "Return Transcript" and in the Tax Year field, select the appropriate tax year.
  • Click "Continue".

IRS Tax Return Transcripts requested online cannot be sent directly to a third party by the IRS.

Please Note: Once the tax transcript is printed (online request) or received (mail request), please send the original copy to the Financial Aid Processing Center, P.O. Box 77000, Owosso, MI 48867-7700 (keep a copy for your own records). Before submitting a tax transcript (for a student and or parent), be sure to print the student's name and UIN number on all pages so the office can identify the student record to which the transcript belongs. You should never email your tax transcript due to the confidentiality of the information listed.

IRS2Go App

Telephone Request

  • Tax Return documentation is available from the IRS by calling 1-800-908-9946.
  • To continue in English press 1.
  • Tax filers must follow prompts to enter the primary tax filer's Social Security number and the numbers in their street address. Generally this will be the numbers of the street address that was listed on the latest tax return filed. However, if an address change has been completed through the US Postal Service, the IRS may have the updated address on file.
  • Select "Option 2" to request an IRS Tax Return Transcript and enter the appropriate year.

IRS Tax Return Transcripts requested by telephone cannot be sent directly to a third party by the IRS.

Please Note: Once the tax transcript is received, please send the original to the Financial Aid Office of the campus you plan to attend (keep a copy for your own records). Before submitting a tax transcript (for a student and or parent), be sure to print the student's name and UIN number on all pages so the office can identify the student record to which the transcript belongs.

Paper Request Form

  • IRS Form 4506T-EZ, Short Form Request for Individual Tax Return Transcript.
  • Download the IRS Form 4506T-EZ.
  • Complete lines 1 through 4, following the instructions on page 2 of the form. Note that line 3 should be the most current address as filed with the IRS. It is the address where the IRS Tax Return Transcript will be sent. If the address has recently changed, include the address listed on the latest tax return filed on Line 4. However, if an address change has been completed through the U.S. Postal Service, the IRS may have the updated address on file.
  • Line 5 provides tax filers with the option to have their IRS Tax Return Transcript mailed directly to a third party by the IRS. Parents, please skip this line. If the transcript is mailed directly to Baker College, by a parent, we will not be able to match it to the appropriate student record.
  • On line 6, enter the appropriate tax year.
  • The tax filer (or spouse, if requesting information from a joint tax return) must sign and date the form and enter their telephone number. Only one signature is required to request a transcript for a joint return.
  • Mail or fax the completed IRS Form 4506T-EZ to the appropriate address (or FAX number) provided on page 2 of Form 4506T-EZ.

Please Note: Once the tax transcript is received, please send the original to the Financial Aid Office of the campus you plan to attend (keep a copy for your own records). Before submitting a tax transcript (for a student and or parent), be sure to print the student's name and UIN number on all pages so the office can identify the student record to which the transcript belongs.

Tuition & Fees

At Baker College, the tuition per quarter hour of credit is based on the following schedule. Tuition is subject to change at the beginning of any quarter and includes most fees.

Tuition 2015/2016 Academic Year
Most undergraduate courses $240/per credit hour
Autobody Technology courses (ABT) $265/per credit hour
Automotive Restoration Technology courses (ARST) $265/per credit hour
Automotive Service Technician courses (AST) $245/per credit hour
Culinary Arts courses
(CUL 151, 152, 153, 161, 201, 222A, 231A)
(BPA 111, 112, 121, 151, 152, 153, 221, 222, 223, 251A)
(FBM 121, 151, 251, 255, 261, 281, 341)
$365/per credit hour
Dental Hygiene professional track courses (DHY) $300/per credit hour
Developmental English with e-Labs (ENG091 and ENG098B) $250/per credit hour
Developmental Math Course with e-Labs (MTH091 and 099E) $260/per credit hour
Diesel Service Technology courses (DSL), excluding DSL 211 $275/per credit hour
Electronic Health Records (HSC151) $253/per credit hour
Nursing courses (NURL, PN, and ADN-level NUR) $285/per credit hour
Orthotic/Prosthetic Technology (OPT) courses $255/per credit hour
Polysomnographic Technology (PST) courses $255/per credit hour
Power Sports and Small Engine Technology courses (SET) $245/per credit hour
Pre-Occupational Therapy (OCC) courses $285/per credit hour
Truck Driving courses (DSL 211 and TRN101A, 111, 122, 151, 161, and 201A) $315/per credit hour
Welding courses $265/per credit hour
Center for Graduate Studies Master courses $435/per credit hour
Center for Graduate Studies DBA courses $590/per credit hour

 

Active-duty and Servicemembers

Baker College offers special tuition rates for active duty service members.

    Military Tuition Rate* 4 Qtr. Credit Course Rate** 6 Qtr. Credit Course Rate*
UNDERGRADUATE            
GoArmy Ed Program $165.00 $660.00 $990.00
Active Military $165.00 $660.00 $990.00
Guard & Reserve $165.00 $660.00 $990.00
GRADUATE            
GoArmy Ed Program $245.00 $980.00    
Active Military $245.00 $980.00    
Guard & Reserve $245.00 $980.00    

 

Fees 2015/2016 Academic Year
Undergraduate Application Fee—Payable with application $20
Graduate Application Fee—Payable with application $25
Undergraduate/Graduate Late Fee—Applied at time account is sent to collections for nonpayment $50
Undergraduate Graduation Processing Fee—(one-time fee covers both associate and bachelor degrees). $50
Graduate Graduation Processing Fee $75
Undergraduate and Graduate NSF Return Fee (per item returned by the bank). $25
Fingerprinting Fee Varies
Immunization Fee Varies
Background Check Fee Varies

Tuition Payments

Tuition may be paid at registration or in installments. If paid in installments, at least one-half of the tuition plus fees must be paid by the Friday before classes start. The remaining balance must be paid by end of the sixth week of the quarter to avoid finance charges. Absenteeism and withdrawals may not reduce a student’s financial obligation. See the Refund Policy for details on tuition refunds. Invoices will be generated around the 15th of every month and available for viewing and payment options on the Baker College website at www.baker.edu. You can access the Website by clicking on SOLAR system, choosing STAR system, then Business Office.

Books and Supplies

In addition to tuition and fees, students will have expenses for books and supplies. Some programs require additional items such as uniforms, kits, and program-specific supplies. For detailed information about these additional expenses, please contact the Admissions or Financial Services Office.

E-Mail

Financial Services will use your Baker e-mail account to contact you regarding changes to your account balances. It is very important to read these notices to ensure that you know the status of your account. The e-mails will alert you to balance due amounts, refund status, changes to charges from withdrawal calculations, and loan postings to your account.

Past Due Balances

Students with outstanding balances may not be allowed to re-enroll for another quarter; to receive official transcripts of credit, letters of recommendation, or diplomas; to participate in commencement ceremonies; or to use any Baker College service until all their Baker College accounts are settled at all campuses. Also, any student with an unpaid balance at the end of the quarter may not be allowed to take final examinations.

Employer-Paid Tuition

Due to the wide variety of tuition arrangements, students must contact the campus Financial Services office for additional information and required documentation.

Deferred Payment Plan

The Financial Services office on each campus is prepared to work out flexible payment arrangements with students and/or parents. A mutually agreeable payment schedule will be set up and a contract signed. Full payment of tuition and fees must be completed by the end of the ninth week of the quarter or the student may not be permitted to take final examinations in Week 10. If the contract is not completed as agreed, any outstanding balance will be treated as a past due balance (see above).

Credit Balances

Federal regulations prohibit the use of Title IV funds to be applied toward a past due balance greater than $200.

Tuition Deposit - International Students

International students must deposit, in advance, an amount equal to the normal tuition, fees, and books for one academic year. The deposit must be renewed prior to registering for the fall quarter of each succeeding year. Any unused funds on deposit at the time the student graduates or withdrawals will be refunded to the original depositor. Groups of international students enrolled by prior arrangement can be exempted from this requirement by the President of the Center for Graduate Studies.

International students must also fulfill requirements for a student visa. Information about the student visa process is available from any admissions counselor. Graduate students should contact the Center for Graduate Studies at (800) 469-3165.  

These regulations do not apply to Canadian students who commute from Canada to classes.

Charges for Non-Traditional Credit

 

Charges 2015/2016 Academic Year
Waiver Test Credit—Charge is dependent upon test. $0 or $50
Articulation Credit No Charge
Experiential Credit Assessment Fee (non-refundable), tuition for credit earned is $60 per credit hour (not financial aid eligible). Assessment fee will be applied toward credit earned, if applicable. Assessment fee is included in tuition charge for COL 301A. $240
Independent Study Credit Regular Tuition: $240
CLEP Test Credit $77

Refund Policy

The tuition refund policy is based upon the official notice date and enrollment period. ABSENTEEISM OR FAILURE TO BEGIN A CLASS DOES NOT REDUCE A STUDENT’S FINANCIAL OBLIGATION. Review the  Refund Policy for more information.

Student Housing Costs

A room reservation/damage deposit of $50 is due when the application for college-sponsored housing is submitted. The deposit will be refunded if written notice of cancellation is given according to the following schedule:

  • Fall Quarter: Prior to September 1
  • Winter Quarter: Prior to December 1
  • Spring Quarter: Prior to March 1
  • Summer Quarter: Prior to June 1

Room rates on each of our five residential campuses are listed below. Estimated food costs are an additional $300 per quarter. If for any reason a student leaves during a quarter, there will be no refund of room fees for that quarter and no deposit refund.

The deposit and quarterly room charge will be forfeited if the student is dismissed from the residence hall during a quarter. Any damages to the room, its contents, or residence hall commons area will be charged to the student's account or withheld from the $50 room deposit, upon termination of residence licensing agreement.

Special reduced-occupancy rooms may be available at higher room rates. Contact Student Housing for more information.

Cadillac Residence Halls

On-Campus Residence Hall:
$975/person/quarter

Off-Campus Apartments:
$975/person/quarter

Flint Residence Halls

On-Campus Residence Halls:

Baker Hall East:
$1,200/person/quarter

Baker Hall West:
$1,250/person/quarter

Riverfront:
$1,300 - $1,450/person/quarter

Muskegon Residence Halls

On-Campus Residence Hall/Apartments:
$900/person/quarter

Baker Townhouses:
$1000/person/quarter

Owosso Residence Halls

On-Campus Residence Hall:
$975 - $1,000/person/quarter

Woodard Station Lofts:
$925/person/quarter

Port Huron

On-Campus Apartments:
2-person rooms: $1,200/person/quarter
4-person rooms: $1,000/person/quarter

Census Date

Baker College uses a census date to determine Pell Grant eligibility. The census date refers to the point at which your enrollment credit hours are locked for Pell Grant purposes. The census date does not apply to other forms of financial aid (loans, Baker College grant, etc.). Below is a list of census dates by quarter:

2016-2017 Census Dates

  • Summer Quarter 2016: July 7, 2016
  • Fall Quarter 2016: October 4, 2016
  • Winter Quarter 2017: January 17, 2017
  • Spring Quarter 2017: April 11, 2017

The classes which you are registered for at 11:59 p.m. (EST) on the census date will determine Pell Grant eligibility. The same date is used for second session online classes, so don"t delay registration. Credit hours added after the census date cannot be used to increase Pell Grant eligibility.

Credit Hours Enrollment Status
12 and above Full-Time
9 to 11 Three-Quarter Time
6 to 8 Half-Time
Less than 6 Less than Half-Time

For example: If you are registered for 8 credit hours on or before the census date for the quarter, you will be awarded Pell at the half-time award status. If you add a 4 credit class after the census date, which brings your total credit hours to 12, your Pell award status does not change, and you will not receive an increase in your Pell Grant for the added class.

  • The financial aid awards will not post to your account until after the census date. You can still purchase books on account at the bookstore as you have in the past.
  • The amount of Pell Grant funds that are applied to your account will be based on the classes that you have attended.

Other important information to consider when making class schedule changes:

  • You may contact the Financial Aid Office for details about how enrollment changes will affect your financial aid awards other than the Pell Grant.
  • Changes to your class schedule may require additional time to determine if Federal reductions are required, which might delay your refund.
  • If your class schedule change requires a Return of Title IV calculation, then Pell may be adjusted under those separate rules.
Net Price Calculator

The Net Price Calculator is intended to provide estimated net price information (defined as estimated cost of attendance — including tuition and required fees, books and supplies, room and board (meals), and other related expenses — minus estimated grant and scholarship aid) to current and prospective students and their families based on what similar students paid in a previous year. 

Get started with the Net Price Calculator now.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grants

Grants can come from the Federal government, the State government, Baker College, and private organizations. Unlike scholarships, which are merit-based, grant awards are typically based solely on financial need. Grants are sometimes called “gift aid” because they do not have to be paid back.

There are several types of grant aid available to Baker College students. 

Federal Financial Aid

Federal Pell Grants
Pell Grant funds are available to undergraduate students who have not received their first bachelor degree.  The amount depends on your financial need, cost to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less. Learn more about Pell Grants.  

Federal Supplemental Educational Opportunity Grants
The Federal Supplemental Educational Opportunity Grant (SEOG) is available to undergraduate students. The amount depends on your financial need, cost to attend school, status as a full-time or part-time student, and plans to attend school for a full academic year or less. Beginning in the 2016-2017 academic year, Baker College will award SEOG, on a first come first serve basis, to returning students who qualify for Pell and who demonstrate the greatest financial need. Students awarded SEOG are not eligible to receive BCRS. Learn more about SEOG.

IRAQ and Afghanistan Service Grant
You may be eligible to receive the Iraq and Afghanistan Service Grant if you are not eligible for a Federal Pell Grant on the basis of your Expected Family Contribution but meet the remaining Federal Pell Grant eligibility requirements and your 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 9/11, and you were under 24 years old or enrolled in college at least part-time at the time of your parent’s or guardian’s death.


State of Michigan Financial Aid

Children of Veterans Tuition Grant         
The Children of Veterans Tuition Grant (CVTG) provides undergraduate tuition assistance for children of certain deceased or disabled members of the armed forces of the United States. The program assists children older than 16 and less than 26 years of age who have been Michigan residents for 12 months prior to the application. To be eligible, a student must be the natural or adopted child of a Michigan veteran. Stepchildren of the veteran are not eligible. 

Gear Up Michigan
Gaining Early Awareness & Readiness for Undergraduate Programs (GEAR UP) is a federal program designed to provide early intervention services and programs to students in middle schools and high schools. Students may receive scholarship assistance for up to four academic years within five years of high school graduation. 

The maximum amount a student can receive for one year is equal to the maximum Pell Grant award funded for the academic year immediately following the student’s date of high school graduation. 

Michigan Tuition Grant  
The Michigan Tuition Grant (MTG) is available to undergraduate students and is based on financial need for use at Independent non-profit degree-granting colleges and universities in Michigan. Students attending at least half-time may be eligible to receive a grant from the State of Michigan. Students must complete the State of Michigan questions on the FAFSA by June 30th to receive grant consideration. The amount of funds available is announced annually by the State.

Tuition Incentive Program
The Tuition Incentive Program (TIP) is a high school completion program that offers to pay college costs for students who graduate from high school or complete their GED. There are two phases to this program (Phase I and Phase II). The program targets needy students in an effort to encourage them to graduate from high school or complete a GED and continue on into post-secondary education.


Institutional Financial Aid

Baker College Grant
New students attending at least half-time who meet the qualifications for the Michigan Tuition Grant (MTG), but are not able to be awarded MTG, may be eligible to receive the Baker College Grant (BCG). Eligibility for this grant is based on financial need, as demonstrated by completion of the FAFSA. Students must complete the State of Michigan questions on the FAFSA by August 31st to receive grant consideration. Note: BCG funds are not disbursed until week 6 of the on ground quarter. The amount is based on the student’s enrollment status at that time. 

Baker College Returning Student Merit Award
Returning students attending at least half-time who meet the qualifications for the Michigan Tuition Grant (MTG), but are not able to be awarded MTG, may be eligible to receive the Baker College Returning Student Merit Award (BCRS). Eligibility for this grant is based on financial need, as demonstrated by completion of the FAFSA.  In addition, the student must have a minimum 3.0 GPA at the end of the prior winter quarter with a minimum of 12 credits earned. Students must complete the State of Michigan questions on the FAFSA by June 30th to receive grant consideration. Eligible students may be awarded SEOG in place of the BCRS award. Note: BCRS funds are not disbursed until week 6 of the on ground quarter. The amount is based on the student’s enrollment status at that time. 

Increased Credit Incentive
The Increased Credit Incentive award (ICI) is an institutional award provided by Baker College. To qualify, the undergraduate student must be enrolled in 14 or more credit hours that apply to their program. 

Award Amounts:

  • 16+ credits = $500 per quarter
  • 15 credits = $375 per quarter
  • 14 credits = $250 per quarter

Michigan Army and Air National Guard Grant
The Michigan Army and Air National Guard Grant (MINAG) is a tuition reduction grant offered to members of the Michigan Army or Air National Guard. Eligible members must submit the completed MINAG application to their unit representative to verify eligibility. In addition, students must complete the FAFSA, be enrolled in a degree-granting program at Baker College and attend at least half-time.

Qualifications
The qualification for need-based financial aid programs is determined by the cost of attending a college of the student’s choice, minus the amount that the student and his/her family can reasonably afford.

Cost of Education - Expected Family Contribution = Financial Aid Eligibility

The Expected Family Contribution is the amount that you and your family are expected to contribute toward your education. For a dependent student, the need analysis formula utilizes the parent’s income and assets (excluding home equity), savings, taxes, and other mandatory living expenses to determine the parent’s contribution. 

All students (dependent and independent) will have a student’s contribution, which is derived by analyzing the student’s income and assets. The formula for calculating the expected family contribution also takes into consideration parent’s ages, number of family members, and number of family members in college.

In addition, a student must maintain Satisfactory Academic Progress in order to continue receiving financial aid. For more information, see Satisfactory Academic Progress Rules.

The Financial Aid Information Page, provides more information including financial aid, financial calculators, information about educational loans, government information, scholarship information, financial planning, and more.

Scholarships

Unlike other types of financial aid, scholarships are often awarded based on academic excellence. But not every scholarship is designed for those who excel in academics. Some scholarships are awarded based on a written essay. Others are specifically for adult students, minority students, or women. There are scholarships available for students who have special interests or specific career objectives, such as business, education, or journalism. In addition, many local agencies and clubs—such as the Lions Club, Kiwanis, or American Business Women’s Association—offer scholarships for outstanding achievement.

We’ll work with you, one-on-one, to explore all your financial aid options, including scholarships. For more information on the scholarships listed below contact Admissions (new students) or Financial Services (returning students) on the campus you plan to attend. Note: The following scholarships are only available to undergraduate on-ground students.

Scholarship Aid Available


Campus Codes

  • AH = Auburn Hills
  • AP = Allen Park
  • CA = Cadillac
  • CT = Clinton Township
  • CW = Coldwater
  • CY = Cass City
  • FL = Flint
  • FR = Fremont
  • JK = Jackson
  • MU = Muskegon
  • OW = Owosso
  • PA = Reading
  • PH = Port Huron


Adult Education Scholarships II Community Education Districts

Campus Availability: AH, AP, CA, CT, CW, CY, FL, FR, JK, MU, OW, PH
Annual Value: Maximum of one half tuition per year
Key Criteria for Eligibility: Adult graduate from participating county program; must take at least 8 credit hours per quarter
Download Application   [139 KB]

Adult Transfer Scholarship

Campus Availability: AH, AP, CA, CT, CW, CY, FL, FR, JK, MU, OW, PH
Annual Value: Maximum of one half tuition per year
Key Criteria for Eligibility: Associate degree graduate within past 12 months; 3.5+ GPA; staff recommendation
Download Application   [106 KB]

Alternative Education Scholarships II Community Education Districts

Campus Availability: AH, AP, CA, CT, CW, CY, FL, FR, JK, MU, OW, PH
Annual Value: Maximum of one half tuition per year
Key Criteria for Eligibility: Alternate Ed. graduate from participating county program; must take at least 8 credit hours per quarter
Download Application   [139 KB]

Automation Alley Scholarship

Campus Availability: AH, AP CT, FL, PH
Annual Value: Maximum of $2000 year
Key Criteria for Eligibility: Employee or family member of an Automation Alley member. 3.0+ GPA

Autorama Scholarship

Campus Availability: AH, CA, CT, FL, OW
Annual Value: Maximum of $2000 year
Key Criteria for Eligibility: Graduating senior showing promise of academic success in the transportation industry at the post-secondary level

Baker College Career Scholarship

Campus Availability: AH, AP, CA, CT, CW, CY, FL, FR, JK, MU, OW, PA, PH
Annual Value: Maximum of $1,600 per year
Key Criteria for Eligibility: 3.0+ GPA, current-year high school graduate
Download Application   [119 KB]

Baker College Jackson RoseQueen Pageant Scholarship

Campus Availability: JK
Annual Value: Up to $20,000 in tuition or an Associate’s Degree (tuition only)
Key Criteria for Eligibility: Jackson RoseQueen winner

Barnes & Noble Scholarship

Campus Availability: CA, CT, FL, JK, MU, PH
Annual Value: Up to $1,100
Key Criteria for Eligibility: Available for students entering the professional track of the Dental Hygiene and Veterinary Tech programs. The eligible programs selected and amounts are updated annually. Contact Financial Services for details.

Board of Regent's Scholarship/Baker College System

Campus Availability: AH, AP, CA, CW, CY, CT, FL, FR, JK, MU, OW, PA, PH
Annual Value: Maximum of one half tuition per year
Key Criteria for Eligibility: Graduating HS senior; 19-23 ACT with a 3.5+ GPA or 24 or higher ACT regardless of GPA; various recommendations
Download Application   [123 KB]

Business Professionals of America (BPA)

Campus Availability: CT, FL, PH, OW
Annual Value: Up to $500
Key Criteria for Eligibility: Determined at BPA regional competition

Careerline Tech

Campus Availability: MU, FR
Annual Value: 11 scholarships of up to $500 each
Key Criteria for Eligibility: Top student in his/her academic program at Careerline Tech (top student determination will be made by instructor).

Clintondale Scholarship

Campus Availability: CT
Annual Value: Maximum of $2000 year
Key Criteria for Eligibility: Clintondale High School graduate, must enroll fall quarter following high school graduation

DECA Scholarship

Campus Availability: MU, FR
Annual Value: Up to $750
Key Criteria for Eligibility: High School senior; accepted by Baker College of Muskegon/Fremont; 2.5+ GPA; active DECA member; nominated by HS DECA advisor

Dianne Addington Leadership Scholarship

Campus Availability: AH
Annual Value: $2000 per year
Key Criteria for Eligibility: Junior grade level status (90+ credits) and 3.0 cumulative GPA

Eagle Scout Scholarship

Campus Availability: AH
Annual Value: Full Tuition
Key Criteria for Eligibility: Eagle Scout, Oakland County high school graduate & resident, 3.0 high school GPA, enroll summer or fall after high school graduation

Fostering Futures Scholarship

Campus Availability: AH, AP, CA, CW, CY, CT, FL, FR, JK, MU, OW, PH
Annual Value: Up to $3,000
Key Criteria for Eligibility: View the Fostering Futures Scholarship fact sheet for complete details

Frederick and Dorothy Baker Scholarship

Campus Availability: OW
Annual Value: $1,000 per year
Key Criteria for Eligibility: Graduating senior; 3.5+ GPA

George W. Hoddy Scholarship

Campus Availability: OW
Annual Value: 2 scholarships of $1500 each
Key Criteria for Eligibility: 36+ credit hours earned at Baker College; 3.0+ GPA; must be pursuing a degree in technology

Jeff McDonald Scholarship

Campus Availability: CA
Annual Value: $1000 per year
Key Criteria for Eligibility: Graduate from Cadillac High School, 2.5+ GPA, pursing business or human service degree

Junior Achievement Scholarship/JA of Muskegon County

Campus Availability: MU
Annual Value: Up to $2,400
Key Criteria for Eligibility: Participant in JA

Junior Achievement of West Michigan Lake Shore, Inc.

Campus Availability: MU
Annual Value: 2 scholarships of $750 each
Key Criteria for Eligibility: Academic achievement; West Michigan resident

KORN Scholarship

Campus Availability: CA
Annual Value: $1000 per year
Key Criteria for Eligibility: Graduating senior, priority is given to students who have participated in Baker College’s dual enrollment or direct credit program and have 2.2+ GPA.

KURTZ Scholarship

Campus Availability: AH, AP, CA, CW, CY, CT, FL, FR, JK, MU, OW, PH
Annual Value: $2,500 per year
Key Criteria for Eligibility: Junior grade level status (90+ credits) and 3.0+ cumulative GPA

Meijer Scholarship

Campus Availability: MU
Annual Value: Varies
Key Criteria for Eligibility: Child of Meijer employee; full-time status; scholastic ability; achievements; financial need

Michigan Army/National Guard

Campus Availability: AH, AP, CA, CW, CY, CT, FL, FR, JK, MU, OW, PH
Annual Value: 30% tuition reduction with half time enrollment (6 or more credits)
Key Criteria for Eligibility: See Financial Services for information or call Army National Guard (517) 483-5519 or Air National Guard (517) 483-5512

Michigan Competitive Scholarship/State of Michigan

Campus Availability: AH, AP, CA, CT, CW, CY, FL, FR, JK, MU, OW, PH
Annual Value: Announced by State each year
Key Criteria for Eligibility: Michigan resident; qualifying ACT score; financial need.

Michigan Nursing Scholarship

Campus Availability: AH, AP, CA, CT, FL, MU, OW
Annual Value: Up to $4,000
Key Criteria for Eligibility: Michigan resident, enroll at least half-time in a nursing program. A limited number of scholarships are available

Miss Michigan Area Pageant Scholarship

Campus Availability: AH, AP, CA, CT, CW, CY, FL, FR, JK, MU, OW, PH
Annual Value: $1,000 per year
Key Criteria for Eligibility: The recipient is selected based on winning the Miss Michigan Area Pageant of where the campus is located

Miss Michigan Scholarship

Campus Availability: AH, AP, CA, CT, CW, CY, FL, FR, JK, MU, OW, PH
Annual Value: Full tuition and books
Key Criteria for Eligibility: The recipient is selected based on winning the Miss Michigan Pageant

Muskegon Chamber of Commerce Women's Division Scholarship

Campus Availability: MU
Annual Value: Varies
Key Criteria for Eligibility: 3.0+ GPA, resident of Muskegon County

Muskegon County Community Foundation Scholarships and Grants

Campus Availability: MU
Annual Value: Varies
Key Criteria for Eligibility: For information, call (231) 726-4538

National Restaurant Association Educational Foundation Scholarship

Campus Availability: MU
Annual Value: $2,000 over two quarters
Key Criteria for Eligibility: 2.75+ GPA; full-time status; one term completed in restaurant/foodservice program; 750 hours of work experience in field

North American Snowmobile Festival Scholarship

Campus Availability: CA
Annual Value: Varies
Key Criteria for Eligibility: Two scholarships are given, one to the Queen and a second to the Runner-up

Owosso-Corunna Chamber of Commerce/Baker College of Owosso

Campus Availability: OW
Annual Value: Up to $1,000
Key Criteria for Eligibility: Owosso or Corunna HS senior or full-time Baker student

Paul-Arn American Business Women's Association Scholarship

Campus Availability: OW
Annual Value: Varies
Key Criteria for Eligibility: Shiawassee County resident; good academic standings; business or professional degree; financial need

Phi Theta Kappa

Campus Availability: AH, AP, CA, CT, CW, CY, FL, FR, JK, MU, OW, PH
Annual Value: Maximum of one half tuition per year
Key Criteria for Eligibility: Associate degree within past 12 months; 3.5+ GPA; must take at least 8 credit hours per quarter

Porter Scholarship

Campus Availability: MU
Annual Value: 16 awards at $1,250 each
Key Criteria for Eligibility: Contact campus for criteria

Pro-Start Scholarship

Campus Availability: MU, PH
Annual Value: Maximum of $2000 year
Key Criteria for Eligibility: High school graduates who attend Baker College Culinary Institute of Michigan who finish first, second, and third place in the Skills and ProStart competition

Rotary Scholarship

Campus Availability: CT, FL, MU, OW, PH
Annual Value: Varies by campus
Key Criteria for Eligibility: Contact campus for criteria

Shiawassee American Business Women 's Association Scholarship

Campus Availability: OW
Annual Value: Varies
Key Criteria for Eligibility: Shiawassee County resident; 3.0+ GPA

Shiawassee County Historical Society Scholarship

Campus Availability: OW
Annual Value: Up to $1,000
Key Criteria for Eligibility: Shiawassee County high school grad; enrolled at Baker of Owosso

Shiawassee Kiwanis

Campus Availability: OW
Annual Value: Up to $1,000
Key Criteria for Eligibility: Shiawassee County high school senior; full-time Baker student; biographic sketch

Taylor/Graystone Criminal Justice Scholarship

Campus Availability: AH
Annual Value: $1000 per year
Key Criteria for Eligibility: Junior grade level status (90+ credits) and 3.0 cumulative GPA

TEACH

Campus Availability: AH, AP, CA, CW, CY, CT, FL, FR, JK, MU, OW, PH
Annual Value: Varies based on student need
Key Criteria for Eligibility: Enrolled in a child education program

Todd J. Krantz Memorial Scholarship

Campus Availability: OW
Annual Value: Up to $250
Key Criteria for Eligibility: Full-time student; CIS major at Baker College; biographic sketch

Zonta Scholarship Award

Campus Availability: OW
Annual Value: Up to $1,000
Key Criteria for Eligibility: Oakland County resident; HS GPA of 2.5+; enrolling in accredited college or university

Scholarship Tips

Step One

Learn good study habits no later than the 8th grade, because most scholarships are based on grades.

Step Two

Beginning in the 9th grade, you should begin working toward the following: 

  • High GPA
  • Involvement with community activities
  • Membership in school clubs
  • Unique skills (music, sports, cheerleading, computer, accounting, math, etc.)

Step Three

During the 10th grade, begin the search for scholarships. This may seem a bit early; however, early awareness of available scholarships will allow you time to discover such things as application deadlines and scholarship requirements. To begin the search you can:

  • Search for scholarships on the Internet.
  • Check information found in the high school library or counselor’s office.
  • Check information at your city or county libraries.
  • Check specific college catalogs or scholarship brochures.

Step Four

When sources of scholarships are identified, you should do the following:

  • Write or call each scholarship source and request an application.
  • When the application is received, review the requirements and begin the process of complying.
  • Send the application and other requested documents in time to meet the deadlines.

Step Five

Don't rule yourself out—let the scholarship committee decide.

 

 

 

 

Work Aid

Baker College offers the Federal Work Study program, a financial aid program—funded by the Federal government. This program is available to students who have financial need, and can be combined with grants, scholarships, and loans to assist you in funding your education. 

How to Qualify
Work Study Benefits
How to Apply
Job and Wage Information

How to Qualify

In order to qualify for Work Study, you must first apply for financial aid. To learn more about the application process, see How to Apply for Financial Aid. You must also meet the following requirements:

  • Maintain a cumulative grade point of 2.0 or better.
  • Remain in good academic standing, and meet Baker College’s Satisfactory Academic Progress requirements.

Work Study Benefits

There are a number of ways that Work Study can benefit you:

  • Reduce or even eliminate the need for student loans—Work Study funds are not repaid.
  • Work experience—many of the Work Study jobs are office positions, which provide you with work experience you can include on a resume.
  • Advancement potential—a Work Study position can help you develop the skills you need for a full-time position at Baker College or with another employer.
  • Flexible hours—many Work Study positions have flexible hours and will work around your class schedule.
  • Extra spending cash.

For more information about Work Aid, contact the Financial Aid Office at your campus.

How to Apply

To apply for a Work Study position, you must first apply for financial aid. In order to qualify for Work Study, you must first apply for financial aid. To learn more about the application process, see How to Apply for Financial Aid.

After you’ve applied for financial aid, you can complete an application for the Work Study program in one of two ways: 

  • Request an application by contacting your campus Financial Aid Office.
  • Apply online by accessing the Solar System. After you log in:
    • Select the Star System.
    • Select Financial Aid office.
    • Select the link to the Work Study application.
    • Submit your application to the Financial Aid Office. Then, you need to speak with a Financial Aid officer for more information about how to proceed. The process is different at each campus.

Baker College conducts an orientation for all students who are new to the Work Study program. If you would like to get more information about orientation, please contact the Financial Aid Office on your campus.

Job and Wage Information

Baker College offers many different Work Study positions, including building maintenance, grounds upkeep, office work, computer processing, and more.

Wages for Work Study positions start at minimum wage and vary based on the type of work you perform.

When you are in the Work Study program, you are paid semi-monthly. The amount of payment depends on the number of hours you worked during the payroll period. If you owe money to Baker College, your Work Study wages will first be used to pay this balance.

Questions?

If you have question about the Work Study program, or want more information about available jobs and wages, contact the Financial Aid Office on your campus.

Rights & Responsibilities

With financial aid, comes both rights and responsibilities. It’s important to understand what is associated with being a financial aid applicant, recipient, and a student loan borrower. We encourage you to take a few moments to review them here. 

You have the right to know:

  • The deadlines for submitting applications for each of the available aid programs.
  • The resources considered in the calculation of your need.
  • The available financial aid programs and their exact requirements.
  • What portion of your financial aid package is loan, grant, scholarship, and work aid. If the aid is a loan, you have the right to know the total amount that must be repaid, the amount of each repayment, the interest rate, the length of time you have to repay the loan, and when the repayment begins.
  • The cost of attendance and the refund policy.
  • How Baker College determines whether or not you are making satisfactory academic progress, and what happens if you are not.
  • What happens if you withdraw or drop out during the year.
  • The procedures necessary for reapplying for aid each year.

You have the following responsibilities:

  • To complete all forms accurately, and submit them to the correct locations. Errors can cause long delays in the receipt of your financial aid. Intentional misreporting of information on application forms for Federal Financial Aid is a violation of the law and is considered a criminal offense subject to penalties under the U. S. Criminal Code.
  • To maintain at least half-time enrollment status (6 undergraduate credit hours or 4 graduate credit hours).
  • To inform the Financial Aid Office if you drop below half-time status.
  • To update information when changes in your circumstances occur, such as name, marital status, enrollment status, graduation, etc.
  • To read and understand all forms that you are asked to sign, and to keep copies of them.
  • To be aware of the Financial Aid refund and repayment policies and procedures.
  • To schedule an appointment for a Student Loan Exit Interview before graduating, withdrawing, or transferring if you have received a student loan for attendance at Baker College. You must also keep an accurate record of the total loan amount you owe, and notify your lender of all status changes including: name, address, enrollment status, etc.


For further information and assistance about your rights and responsibilities, contact your campus Financial Aid Office.

Loans

Baker College currently offers loans through the William D. Ford Direct Loan Program (FDSLP). This loan program offers low interest rate loans to students and parents, and is available to all qualified students (undergraduate and graduate). The student must attend at least half-time (six credit hours per term for undergraduate and four credit hours per term for graduate students) to be eligible for any type of federal student loan.

How to Apply for a Loan

In order to apply for a loan, you must first apply for financial aid

Financial Aid Package Award Notification
After the Financial Aid Office receives the results of your financial aid application, your file will be reviewed.  The Financial Aid Office will determine your eligibility for grants, scholarships, and loans, and send you an award notification letter with this information included.

  • New students, without access to the Baker College SOLAR system, will receive an award letter by postal mail with instructions.
  • Returning students will receive an e-mail notifying them to view their award letter on the Baker College STAR system. 

After you have reviewed your award notification, if eligible, you can apply for a loan(s) through one of the following two options.

Option One - Returning Students
Returning students with access to the Baker College SOLAR system can apply online using the following steps. 

  • Log into the Baker College SOLAR system.
  • Select the STAR system.
  • Select the Financial Aid office.
  • Select Loan Request.
  • Complete and submit your loan request via the Web.
  • Once the loan request has been submitted, you will either:
    • Be done, because a Master Promissory Note (MPN) and Entrance Loan Counseling is already on file, or
    • Be linked to a page that indicates you must complete a Master Promissory Note (MPN) and/or Entrance Loan Counseling.

Option Two - New Students
New students without access to the Baker College SOLAR system will receive a paper loan request form with the award notification in the mail. You must then:

  • Complete the loan request form and return it to the Financial Aid Office for processing.
  • Once the loan request has been processed by the Financial Aid Office, instructions will be sent on where to locate information online to complete the Master Promissory Note (MPN) and/or Entrance Loan Counseling, if needed.

Federal regulations require students to complete Entrance Loan Counseling prior to receiving his/her first student loan.

Types of Loans

Baker College currently offers loans through the William D. Ford Direct Loan Program (FDSLP), which offers low interest rate loans to all qualified students (undergraduate and graduate) and their parents. Remember, student loans must be repaid.

Federal Stafford Direct Loans
Under this program, students borrow money directly from the federal government without going through a commercial lender. There are two types of federal Direct Stafford Loans:

  • Federal Direct Subsidized Student Loan: "Subsidized" means the federal government pays the interest on these loans while the student is in school, during the grace period (usually six months), and during deferments (postponements of repayment). Students must demonstrate financial need, as determined by federal regulations. NOTE: Effective for loans made for periods of enrollment (loan periods) beginning on or after July 1, 2012, graduate and professional students are no longer eligible to receive Direct Subsidized Loans.
  • Federal Direct Unsubsidized Student Loan: "Unsubsidized" means the federal government does not pay the interest while the student is in school, during the grace period or in deferment. Eligibility is not based on financial need. The student is not required to make any payments while he/she is in school, but interest is charged during all periods. Students are responsible to pay the interest on this loan quarterly or may choose to capitalize the interest, which is added to the unpaid balance of the loan once each quarter.

Enrollment Criteria
Students must be enrolled at least half-time to be eligible for any type of federal student loans. Half-time status at Baker College for:

  • Undergraduate = six (6) credit hours per term.
  • Graduate = four (4) credit hours per term.

Federal Parent PLUS Loan
(Federal Direct Parent Loan for Undergraduate Students)

These loans are non-need-based loans for parents with good credit histories who want to borrow for their dependent students. Under this program, parents can borrow up to the total cost of education minus other expected financial assistance. Parents may choose one of two repayment options: 

  1. Either defer payments on a PLUS loan until six months after the date the student ceases to be enrolled at least half-time, and pay accruing interest monthly or quarterly, or allow interest to be capitalized quarterly.
  2. Begin repaying both principal and interest while the student is in school. Interest begins to accumulate at the time the first disbursement is made. Repayment begins within 60 days after the final disbursement of the loan. Baker College is a term school, if a PLUS loan is awarded for a full school year, the disbursements for the loan would be paid in three (3) separate amounts in order to cover each term. Repayment would not begin until after the final or third disbursement of the loan is paid, but interest would start accruing on the loan beginning with the first disbursement paid.

Enrollment Criteria - Federal Parent PLUS Loan
Students must be enrolled at least half-time to be eligible for any type of federal student loans. Half-time status for an undergraduate student at Baker College is six (6) credit hours per term.

Important Information On Requesting Plus Loan Deferral
After the PLUS Loan has been fully disbursed to the student's account, the parent borrower:

  • Must call the servicer assigned to their Parent PLUS Loan to request a deferral of loan payments. 
  • Must provide the student's Social Security number. 
  • Must choose between paying interest monthly, quarterly, or allowing the interest to be capitalized quarterly. 

If the student has no booked loan with the loan servicer, the parent will be asked to complete a Parent PLUS In-School Deferment Request form or submit a letter on school letterhead indicating the student's enrollment period, expected graduation date, the student's name and Social Security number, and the parent's name and Social Security number.

Federal Graduate PLUS
(Federal Loans for Graduate Students)

The Graduate PLUS Loan program has been modified to allow graduate students to borrow under a PLUS loan. 

  • This program is for students in graduate level programs only. 
  • Students must file the FAFSA to be considered for a Grad PLUS loan. 
  • The Financial Aid Office must determine if the student is eligible for any other types of Direct Loans before a Graduate PLUS loan can be processed. 
  • This loan is a non-need-based loan for students with good credit histories. 
  • Applicants may borrow up to the cost of attendance minus other financial assistance.
  • Students will receive an automatic deferment while enrolled at least half-time. 
  • The Grad PLUS Loan is not a subsidized loan; consequently, interest will accrue beginning with the first disbursement of the loan.

Enrollment Criteria - Federal Graduate PLUS
Graduate students must be enrolled at least half-time to receive a loan(s). Half time status at Baker College for a Graduate student is four (4) credit hours per term.

Direct Consolidation Loans
These are loans for students and parents who have more than one lender or servicer and want to combine multiple federal student loans into one loan. This type of loan can only be done when a student borrower is no longer in school. Parent PLUS loans can be consolidated at anytime a parent borrower has more than one loan in repayment or a parent can choose to wait until the student has graduated. You can read about Direct Consolidation Loans on the Direct Loan website or view the section on Loan Consolidation for more information.

Additional Information
You can find additional information about the Federal Direct Loan Program at: 

Loan Limits

The tables below show the maximum amount you can borrow each academic year and the total aggregate loan limits based on your dependency status and grade level. Whether you are considered dependent or independent, it's based on your age, marital status and other factors. The Financial Aid Office can inform you of your dependency status. All graduate/professional degree students are considered independent.

The actual loan amounts and types of loans (subsidized, unsubsidized or a combination of both) that you are eligible to receive each year are determined by the school. Your eligibility is based on such factors as the cost of attendance, expected family contribution, other financial aid and the length of your program. The actual amounts you are eligible to borrow may be less than the maximum amounts shown below.

Annual Loan Limits for Direct Subsidized and Direct Unsubsidized Loans

 

Grade Level Dependent Undergraduate Students* Independent Undergraduate Students*
First Year Freshman $5,500 (maximum $3,500 subsidized) $9,500 (maximum $3,500 subsidized)
Second Year Sophomore $6,500 (maximum $4,500 subsidized) $10,500 (maximum $4,500 subsidized)
Third Year (Junior) and Beyond $7,500 (maximum $5,500 subsidized) $12,500 (maximum $5,500 subsidized)
Graduate/Professional Degree N/A $20,500 (maximum $8,500 subsidized)

 

* Dependent student whose parents are unable to get PLUS Loans are eligible to receive the independent undergraduate loan limits.

 

Aggregate Loan Limits: Maximum Total Outstanding Loan Debt

 

Grade Level Dependent Undergraduate Students Independent Undergraduate Students
Undergraduate $31,000 (maximum $23,000 subsidized)** $57,500 (maximum $23,000 subsidized)†,ß
Graduate/Professional Degree N/A $138,500ß

 

** Excludes dependent students whose parents are unable to borrow a PLUS Loan.
† Includes dependent undergraduates whose parents are unable to borrow a PLUS Loan.
ß The graduate/professional degree student maximum includes Stafford Loans received for undergraduate study.

How much should I borrow?
It's a good idea to borrow only as much as you need. That way, you'll have lower monthly payments when you're repaying your loan(s). This will leave you more money for things like housing, child care and the expenses of starting a new career when you leave school.

How can I reduce the amount I need to borrow?
When you file your Free Application for Federal Student Aid (FAFSA), you'll automatically be considered for aid from all of the programs offered by the U.S. Department of Education, including grants and work-study. You may be able to find additional sources of aid on your own, for instance, try a free scholarship search on the web. The Department has a free search engine on Student Aid on the Web.

Additional Information

Below are some additional websites to help you locate further information on the Federal Direct Loan Program.

Interest Rates and Fees

Direct Loans and Federal Family Education Loans (FFEL) first disbursed on or after July 1, 2006 offer a fixed interest rate. Note: Effective July 1, 2010, the only available loans are Direct Loans.

Loan Type Fixed Rate for Loans First Disbursed On or After July 1, 2015 and before July 1, 2016 Fixed Rate for Loans First Disbursed On or After July 1, 2016 and before July 1, 2017
Federal Direct Subsidized and Unsubsidized Loans for Undergraduate Students 4.29% 3.76%
Federal Direct Unsubsidized Loans for Graduate and Professional Students 5.84% 5.31%
Federal Direct PLUS Loans for Parents of Dependent Undergraduate Students and Graduate and Professional Students 6.84% 6.31%

Note: For all Stafford loans first disbursed on or after July 1, 2006, the interest rate in both the FFEL and Direct Loan Program was fixed at 6.8 percent. That rate continues to apply to all unsubsidized Stafford Loans and to subsidized Stafford Loans for graduate and professional students. Beginning with loans first disbursed between July 1, 2008 and June 30, 2009, the interest rate on subsidized Stafford Loans for undergraduate students was reduced to 6.0 percent, with additional reductions each year through June 30, 2012. 

Loan Fees Charged

In addition to interest, there is a loan origination fee, which helps cover the administrative costs associated with making these low-interest loans. This fee is based on a percentage of the loan principal, and is deducted before you receive any loan money. So, the loan money you receive is actually slightly less than the amount you repay.

Origination Fee - Stafford Loans 

  • 1.073% origination fee - loans first disbursed on or after October 1, 2014 and before October 1, 2015.
  • 1.068% origination fee - loans first disbursed on or after October 1, 2015 and before October 1, 2016.

Origination Fee - PLUS and Graduate PLUS Loans

  • 4.292% origination fee - loans first disbursed on or after October 1, 2014 and before October 1, 2015.
  • 4.272% origination fee - loans first disbursed on or after October 1, 2015 and before October 1, 2016.

Additional Information

Below are some additional websites to help you locate further information on the Federal Direct Loan Program.

Loan Disbursements

General Requirements for Federal Stafford, Parent PLUS and Grad PLUS Loan Disbursements 

Loan disbursements are made on a scheduled basis. The loan disbursement date is provided on the disclosure statement that you receive from the U.S. Department of Education Loan Origination Center. However, the actual release date of your loan funds at Baker College may vary from the disbursement date on the statement.  

If you have questions about any aspect of your loan, please contact your campus Financial Aid Office

Disbursements for Returning Student Loan Borrowers 

To receive loan funds: 

  • You must be attending at least half-time (six credit hours for Undergraduate and four credit hours for Graduate).  Attendance will be taken for each class you are enrolled in.
  • You must maintain Satisfactory Academic Progress (SAP).  Contact the Financial Aid Office if you are unsure of your eligibility.

Student loans that are received during fall, winter, and/or spring quarters may affect your eligibility to receive loan funds for summer. If you are planning to attend summer quarter, and want to ensure you will have remaining loan funds available, you should borrow conservatively. Contact the Financial Aid office for further details.

One-quarter-only loans must be paid in two equal disbursements. The second disbursement of a one-quarter-only loan cannot be paid until after the halfway point of the quarter and attendance is verified.

If you are registered for online, five-week, or other non-traditional class formats disbursing and refunding loan funds may be delayed due to the varying course start dates. 

Disbursements for First-Time Student Loan Borrowers 

If you are in the first year of an undergraduate program and a first-time Direct Loan borrower, Baker College may not disburse the first loan installment until 30 calendar days AFTER actual attendance begins. 

Half-time attendance must be proven after the 30-day time period, and could take up to seven additional loan processing days to verify enrollment and to release and post the loan funds to your account.  

Along with attendance, you must maintain Satisfactory Academic Progress (SAP) to receive loan funds. If you are unsure of your eligibility, contact the Financial Aid Office for details.

Federal regulations require all first time Stafford Loan borrowers to complete entrance loan counseling before loan funds can be disbursed. To complete this requirement, review the information on Entrance Loan Counseling.

A valid Master Promissory Note (MPN) must be on file with the Direct Loan COD System. To complete this requirement, see the information on the Direct Loan Master Promissory Note.

Student loans that are received during fall, winter and/or spring quarters may affect your eligibility to receive loan funds for summer. If you are planning to attend summer quarter, and want to ensure you will have remaining loan funds available, you should borrow conservatively. Contact the Financial Aid Office for details.

One-quarter-only loans must be paid in two equal disbursements. The second disbursement of a one-quarter only loan cannot be paid until after the halfway point of the quarter, and attendance has been verified.

If you are registered in online, five-week, or other non-traditional class formats, loan disbursement and refunding may be delayed due to the various course start dates. 

Disbursements for Parent PLUS Loan Borrowers

Only a parent may apply for the Federal PLUS Loan. A parent is defined as a biological, step- or adoptive parent whose information is included on the Free Application for Federal Student Aid, or a biological parent whose information is not included on the Free Application for Federal Student Aid.

The PLUS Loan is a credit-based loan. When requesting this loan, the parent authorizes the U.S. Department of Education to investigate their credit record and report information about the loan status to persons and organizations permitted by law to receive that information.

If the Federal PLUS Loan is denied, the parent should contact the Financial Aid Office for further assistance.

To receive Federal PLUS Loan funds, you must attend at least half-time and must maintain Satisfactory Academic Progress (SAP). If you are unsure of your eligibility, contact the Financial Aid Office.

One-quarter-only loans must be paid in two equal disbursements. The second disbursement of a one-quarter only loan cannot be paid until after the halfway point of the quarter, and attendance has been verified.

If you are registered in online, five-week or other non-traditional class formats, loan disbursement and refunding may be delayed due to the various course start dates.
 
Repayment of principal and interest begins within 60 days after the loan has been fully disbursed. The parent borrower will receive notice from their lender or servicer when the first payment is due and a monthly statement upon entering the repayment phase. The parent can contact the Direct Loan Servicer for additional repayment options.

Disbursements for Graduate PLUS Loan Borrowers

To receive Federal PLUS Loan funds, you must attend at least half-time and must maintain Satisfactory Academic Progress (SAP). If you are unsure of your eligibility, contact the Financial Aid Office.

One-quarter-only loans must be paid in two equal disbursements. The second disbursement of a one-quarter only loan cannot be paid until after the halfway point of the quarter, and attendance has been verified.

If you are registered in online, five-week or other non-traditional class formats, loan disbursement and refunding may be delayed due to the various course start dates.
 
Repayment of principal and interest begins within 60 days after the loan has been fully disbursed. You will receive notice from their lender or servicer when the first payment is due and a monthly statement upon entering the repayment phase. For additional repayment options, you should contact the lender.

Note: For Baker College loan borrowers, please contact the Financial Aid Office for any additional requirements.

When all requirements have been met, Baker College will credit the loan funds to the school charges on your account (tuition and fees, room and board, and other authorized charges). If the loan funds exceed the school charges, the school will pay the student the credit balance. 

Caution: Excess loan funds may only be used to pay for your education expenses.  These include:

  • Tuition
  • Room and board
  • Fees
  • Books 
  • Supplies
  • Equipment
  • Dependent child care expenses
  • Transportation
  • Purchase of a personal computer

The Business Office will notify you when your loan funds have posted to your account. If a refund occurs, Higher One will notify you when funds have been applied to your Baker OneCard.  

Please direct any loan refund questions to your Baker College campus Business Office.

Baker College and Higher One

Baker College has partnered with Higher One, a financial services company, to bring new options to our students, including the Baker OneCard.  Your card will arrive in the mail at your primary address on file with Baker. 

To receive your refund, you must activate your Baker OneCard at BakerOneCard.com. During card activation, you will choose how to receive your refund money. If you want faster access to your funds, simply choose to have your refunds deposited directly into your OneAccount. 

For additional information, please visit BakerOneCard.com.

Loan Cancellations

Prior to the loan funds being disbursed, you may cancel all or part of the loan at any time by notifying the school. 

Once funds have been disbursed on the loan, you may return all or part of the loan to a U.S. Department of Education Direct Loan Servicing agent within 120 days of the date Baker credited your account or paid the excess loan funds. 

For either type of loan cancellation, the loan servicer will adjust the loan to eliminate any interest or loan fee amount that applies to the cancelled portion of the student’s loan.

Direct Loan Master Promissory Note

All students and parents requesting a Federal Direct Subsidized, Unsubsidized or PLUS Loan for the first time are required to complete a Master Promissory Note online at www.studentloans.gov.

The Direct Loan Master Promissory Note (MPN) is a legal document that a borrower signs when he/she gets a student loan. The borrower is promising to repay loans and any accrued interest and fees to the U.S. Department of Education; terms and conditions of the loan are included in the MPN. 

When completing the promissory note you will need to have the following information available:

  • FSA ID (this is the same ID used to sign your FAFSA)
  • Your personal information (social security and driver’s license number)
  • A valid email address
  • Name, address, and phone number for two references who have known you for 3 or more years.

Instructions

  • Log In to www.studentloans.gov
  • Select the ‘Complete a Master Promissory Note” link
  • Select the appropriate type of Direct Loan MPN you would like to complete

Note: When completing the counseling session it is critical that you select Baker College and do not select any of the branch campuses listed because all Master Promissory Notes must be processed through the school listed as “Baker College”.

 

 

 

 

 

 

 

 

Entrance Loan Counseling

All students and parents requesting a Federal Direct Subsidized, Unsubsidized or PLUS Loan for the first time are required to complete Entrance Loan Counseling online at www.studentloans.gov.
   
The Entrance Loan Counseling session and quiz helps loan borrowers understand their loan responsibilities. 

During the session you will learn about:

  • What a Direct Loan is and how the loan process works
  • Managing your education expenses
  • Other financial resources to consider to help pay for your education
  • Your rights and responsibilities as a borrower

Instructions

  • Log In to www.studentloans.gov using your FSA ID 
  • Select the ‘Complete Counseling” link
  • Click the ‘Start Entrance Counseling’ button under the Entrance Counseling section

Note: When completing the counseling session it is critical that you select Baker College and do not select any of the branch campuses listed because all Entrance Counseling must be processed through the school listed as “Baker College”.

Download the Entrance Counseling Guide (PDF 1.1MB)

 

 

 

 

 

 

 

 

 

Exit Loan Counseling

Exit Loan Counseling is a federally required for any student loan borrower who withdraws from the college, graduates, or drops below half-time.

This counseling reviews the borrower’s rights and responsibilities and provides useful information to help with the management of student loans.

If you do not complete Exit Counseling, a hold will be placed on any requests for official academic transcripts. 

To begin your exit counseling session at the Department of Education’s website go to www.studentloans.gov

  • Click ‘Log In’
  • Select ‘Complete Counseling’
  • Select ‘Start Exit Counseling’
  • Select Baker College and click on ‘Notify this school’
  • Select ‘Continue’ to begin the Exit Counseling session

Exit Counseling Checklist for Students

Students should have the following information available:

  • Social Security Number
  • Date of Birth
  • FSA User ID (information you use to sign your FAFSA)
  • Driver’s License Number
  • Email Address
  • Names, addresses, telephone numbers of next of kin, two references who live in the United States and information regarding your future employer (if known)

The session will take approximately 20 to 45 minutes to complete.

Download the Exit Loan Counseling Guide [PDF 1MB]

 

 

 

 

Student Loan Code of Conduct

College employees should receive no personal benefit. No employee of the College shall accept anything of more than nominal value on his or her behalf or on behalf of another person or entity from any lending institution in exchange for being included on a lender list or in exchange for any special treatment.

College employees should not serve on lender advisory boards for remuneration. No employee of the College who makes financial aid decisions for the College, who is employed in, who supervises, or otherwise has responsibility or authority over the College's Financial Aid Office shall receive any remuneration for serving as a member or participant on a student loan advisory board of a lending institution or any reimbursement of expenses for such service. 

The College should not provide any advantage to a lending institution. The College shall not accept anything of value from any lending institution in exchange for any advantage or consideration provided to the lending institution related to its student loan activities.  

The College should make appropriate use of any Preferred Lender List.  If the College decides to promulgate a list or lists of preferred or recommended lenders for student loans, the selection of lending institutions for inclusion on the preferred lender list shall be based on the best interests of the College's students and their parents without regard to the financial interests of the College.

Students and parents have the right to select any lender.  If the College suggests any lenders, it will be based solely on borrower incentives for on-time repayment, an established track-record of efficient loan processing, timely delivery of funds, excellent customer service and who will remain in this program long term.  Should the students and/or parents select a lender that does not have an electronic process, the College will certify and process in order for a timely disbursement.

Note: As of July 1, 2010, for the Federal Stafford Loan Program, the William D. Ford Direct Loan Program is the only lender available for all colleges and universities. However, for private student loans, there are many available lenders, and it is your choice which lender you select.

 

 

 

 

Loan Repayment

Getting Started

Loan Repayment - What to Expect 


(click to watch the video at studentaid.ed.gov)

Before you Graduate, Leave School, or Enroll Less-Than-Half-Time 

Complete Exit Counseling

If you received a federal student loan, you are required to complete exit counseling before you graduate, leave school (for any reason), or drop below half-time enrollment. Exit counseling is a mandatory information session that explains your loan repayment responsibilities when repayment begins. Baker College considers this counseling a valuable tool in helping with student loan defaults. Your official transcript will not be released by the registrar until exit loan counseling has been completed. To complete exit loan counseling online, go to www.studentloans.gov and Log In.

Review Your Student Loan Borrowing History

For each federal student loan you received, Baker College or your loan servicer provided you with information (often by e-mail) about the loan, including the amount you borrowed and the interest rate. It’s a good idea to use this information to track your borrowing and to prepare for repayment of your loan(s). You also have the option to view your federal student loan information using “My Federal Student Aid” at www.StudentAid.gov/login or www.NSLDS.ed.gov.

Remember: You must repay a student loan even if your financial circumstances become difficult. Loans can't be cancelled because you didn't get the education or job you expected, and they can't be cancelled because you didn't complete your education (unless you couldn't complete your education because your school closed).

During Your Grace or Post-Enrollment Deferment Period

Consider Your Income and Expenses and Create a Budget

As you prepare to make your student loan payments, you’ll want to have an idea of what your earnings and living expenses will be based on your new job. Once you do, you can create a budget to determine how much you can realistically afford to pay in student loan payments each month and to select a repayment plan that best meets your financial needs. If you haven’t yet found a job, there are repayment options available to help you manage your student loans while you search for work. If you need help creating your budget, see www.StudentAid.gov/budget.

Select a Repayment Plan for Your Federal Student Loans

You have a choice of several repayment plans that are designed to meet your needs, including plans that base your payment amount on your income. The amount you pay and the length of time you have to repay your loans will vary depending on the repayment plan you choose. If you do not contact your loan servicer to discuss a repayment option, your loan servicer will automatically place you in a standard, ten year repayment plan, which could result in a much higher monthly payment than one of the other repayment options available. For more detailed repayment plan information and to calculate your estimated repayment amount under each of the different plans, use the Repayment Estimator at www.StudentAid.gov/repayment-estimator.

Note: Although you may select or be assigned a repayment plan when you first begin repaying your student loan, you can generally change repayment plans at any time. Contact your loan servicer to discuss repayment plan options.


Having Difficulties?

How to Manage Your Student Loans 


(click to watch the video at studentaid.ed.gov)

Make Your Payments

Your Repayment Schedule — Your loan servicer will provide you with a loan repayment schedule that states:

  • When your first payment is due,
  • The number and frequency of payments, and
  • The amount of each payment

Your loan servicer will also give you the opportunity to pay any interest that accrued (accumulated) on your loans while you were enrolled in school and during grace or deferment periods. If you don’t pay this interest, it will be capitalized.

Stay Out of Default — Don’t miss a payment! If you don’t pay the full amount due on time or if you start missing payments - even one -, your loan may be considered delinquent and late fees can be charged to you. If you are making late or partial payments, contact your loan servicer immediately for help. You may be able to change your repayment plan to one that allows for a longer repayment period or to one that is based on your income. Also, ask your loan servicer about your options for loan consolidation, deferment, or forbearance. NEVER ignore delinquency or default notices from your loan servicer.

What is “Default?” — “To default” means you did not make your payments on your student loan as scheduled according to the terms of your promissory note, the binding legal document you signed at the time you took out your loan. To learn what may happen if you default, what steps you can take to keep your loan from going into default and what your options are for getting out of default go to www.studentaid.gov/end-default

Loan Consolidation — If you have multiple federal student loans, you can combine them into a single Direct Consolidation Loan. This may simplify repayment if you are currently making separate loan payments to different loan servicers, as you’ll only have one monthly payment to make. Consolidation may also allow you to extend the period for repaying your loan, and this may result in a lower monthly payment. There may be tradeoffs; therefore, you’ll want to learn about the advantages and possible disadvantages of consolidation before you decide to consolidate. See www.StudentAid.gov/consolidation for more information. 

Student loan consolidation is a free program provided by the Department of Education! Don’t be fooled if an organization contacts you about student loan consolidation and offers to complete the consolidation for you. You will be charged! 

Deferment and Forbearance — Deferment and forbearance offer a way for you to postpone or lower your loan payments temporarily while you’re back in school, in the military, experiencing financial hardship, or in certain other situations. Learn more about deferment and forbearance at www.StudentAid.gov/deferment-forbearance.

Check Your Eligibility for Loan Forgiveness, Cancellation, and Discharge — You may qualify to have some or all of your loan amount forgiven if you work in certain public service jobs (for example, teaching in a low-income school or working for certain types of public service organizations). Additional requirements may apply to receive these benefits. In certain other circumstances, (for example, if you were unable to complete your program of study because the school closed, in the case of death, or total and permanent disability instances) your obligation to repay your federal student loan may be discharged or forgiven. See www.StudentAid.gov/forgiveness.

Private or Alternative Education Loans

While every student wants scholarships and grants, not everyone can cover the entire cost of college or career school through those options. Loans can make your education possible and affordable. However, when exploring your loan options, you should consider federal student loans before any private loans. Federal student loans have lower and fixed interest rates, generous repayment plans, no prepayment penalties and no credit checks (except for PLUS Loans).

If the financial aid a student receives from Baker College will not be enough to cover the costs to attend, the student and their parent(s) can decide to pursue other loan options. Unlike Federal Direct Loans, alternative educational loans are private supplemental loans that are NOT guaranteed by the federal government. Private loans are credit-based, school-certified student loans for undergraduate and graduate student borrowers enrolled at least half time in an eligible associate or graduate program. In some circumstances, the loan is also available for less-than-half-time students. With private loans, qualified students may be eligible to borrow up to the full cost of their education, less other aid received, as certified by the Financial Aid Office at the school.

Do I have to apply for federal financial aid? If eligible to file, Baker College always recommends that a student first file a FAFSA form and accept the federal financial aid offered to them (including the Federal Direct Loan). The federal loan programs will have the lowest interest rate for the student borrower.

In contrast, private loans may be aggressively marketed to students through TV ads, mailings and other media. Private loans are substantially more expensive than federal student loans. They generally have higher variable interest rates that may substantially increase the total amount you repay and the interest rate you receive might depend on your credit score. Private loans also can have prepayment penalty fees.
It is always in a student's best interest to explore federal loan options before applying for private loans. Here are some simple rules to follow when considering a private loan.

  • All students should file the Free Application for Federal Student Aid (FAFSA) to determine eligibility for grants, work-study, federal loans, and other desirable forms of student aid.
  • Students should only consider a private education loan if they have reached their federal loan borrowing limit.
  • Undergraduate students and parents should compare private loan costs with costs for the Federal PLUS Loan.
  • Graduate students can borrow under the Federal Graduate PLUS Loan and should compare PLUS costs to private education loan costs before applying for a loan.
  • The financial aid offices at Michigan colleges and universities are staffed with knowledgeable people with years of experience who will be happy to answer your student aid questions.

For more information on deciding if a private student loan is a good choice for you, please view the following Guide to Private (or Alternative) Loans.

Federal Student Loans vs. Private Loans

 

Federal Student Loans
(Loans from the federal government through the U.S. Department of Education.)
Private Student Loans
(Nonfederal loans from a bank, credit union or other financial institution.)

You will not have to start repaying your federal student loans until you graduate, leave school or change your enrollment status to less than half-time.

Many private student loans require payments while you are still in school.

The interest rate is fixed and is almost always lower than private loans - and much lower than credit card interest rates. For loans first disbursed on or after July 1, 2010, and before July 1, 2011, the interest rate is 4.5% for subsidized loans for undergraduate students and 6.8% for unsubsidized loans for undergraduate and graduate students. The rate for subsidized loans made to graduate students is 6.8%.

Private student loans can have variable interest rates, some greater than 18%.

Students with greater financial need might qualify for a subsidized loan. The government pays the interest.

Private student loans are not subsidized. No one pays the interest on your loan but you.

You don't need to pass a credit check to get a federal student loan (except for PLUS Loans). Federal student loans can help you establish a good credit record.

Private student loans may require an established credit record. The cost of a private student loan depends on your
credit score, which you may not yet have as a student.

You don't need a co-signer (except for PLUS Loans) to get a federal student loan.

You may need a co-signer to get the best possible deal.

Free help is available at 1-800-4-FED-AID and on our websites. You also have 24/7 access to your loan account information via the internet.

You need to find out if there is free help.

Some interest is tax deductible.

Interest may not be tax deductible.

Loans can be consolidated into a Direct Consolidation Loan. See www.loanconsolidation.ed.gov for more information on consolidation loans and to see if this option will benefit you.

Private student loans can't be consolidated into the federal loan consolidation program.

No prepayment penalty fee.

 

You need to make sure there are no prepayment penalty fees.

Also, avoid using credit cards to pay for your education. Interest rates on credit cards are very high, payments are due every month and usually don't offer different repayment and deferment (temporarily postpone payments) options.

Private Loan Lender Selection

Private Loan Lender Selection

Baker College will process ANY alternative loan for which a student has been approved and has financial need up to the cost of attendance. Baker College will not choose a lender for you but can assist you in determining how much you can borrow.
Students are encouraged to research additional lenders online by searching "alternative educational loans." It is important that a student only apply for one alternative loan at a time.

Students should research private student loan options at reputable websites such as: FinAid.ORG and Student Lending Analytics

www.finaid.org/loans/privatestudentloans.phtml
studentlendinganalytics.com/alternative_loan_options.html

Borrowing Sensibly

Although an alternative loan is a convenient source of additional funding for your education, it is important to budget and borrow carefully:

  • Consider ways to keep your costs down in order to limit your total loan debt.
  • Once you decide to borrow, borrow only what you need, because you must repay loans, with interest.
  • Before you borrow, it is wise to estimate both the amount of debt you may be able to afford and the potential monthly loan payment you can expect after you graduate.
  • Also, take very seriously the responsibility of borrowing and repaying an educational loan.
  • Be sure to read and understand the terms and conditions on your promissory note. You are agreeing to repay the loan with all the accrued and capitalized interest and deducted fees.
  • It is your responsibility to read and keep all your records and contact your lender regarding any changes in your status as a student.
  • You are obligated to repay your loan regardless of whether you complete your education, are satisfied with your education, or are able to find a job.
  • Alternative loans can be consolidated but not in combination with Federal loans. The two loan types must be consolidated separately.

How conscientiously you make payments on your student loan will affect your ability to borrow for a car, a house, or other purchases in the future. If you are late with your student loan payments, it will have a negative effect on your credit history. On the other hand, repaying your student loan on time can help you establish and maintain an excellent credit history.

Private Loan Self Certification Form  (37 KB)

Online Resources

Scholarship Searching

www.scholarshiphunter.com
Free Internet scholarship search, and other student financial aid information. 

www.finaid.org
Resources for all types of student financial aid, with information on where to get help, how to estimate your eligibility, and more. 

www.fastweb.com
Free Internet scholarship search, and other student financial aid information. 

https://bigfuture.collegeboard.org/pay-for-college
Free Internet scholarship search, and other student financial aid information. 

www.scholarshiphelp.org
Provides help in applying for scholarships.

www.edupass.org
Financial aid information for International students.

www.msfaa.org
Michigan financial aid resources and information.  

www.nasfaa.org
National financial aid resources and information.

Federal Government - Financial Aid Information

www.ed.gov
Main page of the U.S. Department of Education.

www.pin.ed.gov
Information about the FSA PIN—what it is, where you can use it, and FAQs.

www.fafsa.gov
File or renew a FAFSA, correct a FAFSA record, check application status, and a Duplicate Student Aid.

www.nslds.ed.gov
Central database for student financial aid. 

www.fafsa4caster.ed.gov
Estimates financial aid eligibility, provides college demographics and statistics.

bhpr.hrsa.gov
Grants, loans, and scholarship information for students in health and human services fields.

www.usajobs.gov
One-stop site for Federal Government jobs for students and recent graduates. 

www.sss.gov
Information necessary for male students to complete the financial aid process.   

www.finaid.org
Financial aid for people with disabilities.  

www.gibill.va.gov
Veteran’s Educational Benefits.

www.usa.gov
Federal financial aid homepage.

www.usa.gov/Citizen/Topics/Benefits
A student gateway to the U.S. government programs.

www.irs.gov
Tax benefits for education.

nces.ed.gov/collegenavigator
A U.S. government site that allows future students to evaluate and compare institutions' prices, financial aid, enrollment fees and academic disciplines.

Financial Aid for International Students and Other Groups 

www.finaid.org
Financial aid information available.—type "International" in the search area.

www.canadianembassy.org
Canadian Studies Grant Programs (International).

www.internationalscholarships.com
Available International Scholarships.

www.hispanicfund.org
Scholarship information for Hispanic students.  

www.gmsp.org
Bill Gates Millennium Scholarship for minorities.  

www.airforce.com
Air Force educational resources.  

www.goarmy.com
Army educational resources.  

www.marines.com
Marines educational resources.  

www.navy.com
Navy educational resources.  

www.uscg.mil
Coast Guard educational resources.   

State of Michigan Financial Aid 

www.michigan.gov
Information on Michigan student financial aid programs—includes a scholarship search.

www.collegesavings.org
Saving for college through a 529 plan. 

Scholarship Scams  

www.ftc.gov
List of organizations that have been caught in scholarship scams—provides information on how to protect yourself.  

www.finaid.org
List of types of scholarship scams—provides information on how to report a scam.

Glossary

Below are some of the common terms and definitions used during the financial aid process. For a more detailed glossary, visit The Financial Aid Information Page: Glossary of Financial Aid Terms.

-A-
 

Academic Plan
A plan that is established by a Satisfactory Academic Progress (SAP) Appeal Committee, which reestablishes a student’s financial aid eligibility. An academic plan is tailored to a student’s individual needs, based on circumstances that the student described in the SAP appeal. Students are required to follow all requirements, and meet with the appropriate academic personnel to register for classes while they are on an academic plan.

Academic Year
A period of time used to measure a quantity of study. For example, Baker College’s academic year consists of fall, winter, spring and summer terms.

Aggregate Loan Limit
The maximum lifetime amount a student can borrow in Federal student loan funds.

Annual Loan Limit
The maximum amount a student can borrow in Federal student loan funds within an academic year.

Award Letter
Official notification of a student’s awards including grants, scholarships, student loans, and/or Federal Work Study.

Award Year
The period for which financial aid is requested; an award year runs from July 1 to June 30.

-B-
 

Borrower
The person responsible for repaying a loan, who has signed and agreed to the terms in the Master Promissory Note.

Borrower Based (BBAY)
A nontraditional academic year which may be used for awarding Stafford and PLUS loans; a BBAY is optional and the beginning and end dates of the loan eligibility depend on an individual student's enrollment and progress. This is awarded at the discretion of the Financial Aid Office.

Budget
see Cost of Attendance

-C-


Capitalizing Interest
Adding unpaid accumulated interest to the principal loan amount. Capitalizing interest increases the principal amount of the loan and therefore, the total cost of the loan.

Census Date
The point in a quarter at which enrolled credit hours are locked for Pell Grant purposes.

Consolidation
A process of combining multiple federal student loans into one new loan to simplify and possibly lower the monthly payment and/or extend the repayment period. A loan consolidation will pay off the borrower's qualifying outstanding federal student loans, leaving the borrower with one loan and payment. Consolidation also offers an extended repayment period that can range from 10 to 30 years depending on the total amount of the educational loans.

Cost of Attendance (COA)
The total amount it will cost a student to go to school for an academic year. This includes: tuition, fees, on-campus housing, books, supplies, transportation, loan fees (if applicable), and miscellaneous expenses.

-D-
 

Default
Failure to repay a loan according to the terms agreed to when the borrower signed his/her Master Promissory Note.

Deferment
Postponement of loan repayment (contact the lender for deferment options). 

Delinquency
Payments that are late or missed according to the specified terms of the Master Promissory Note and selected repayment plan.

Direct Costs
Expenses the student/family pays to the college.

Direct Loan Servicing Center
The U. S. Department of Education’s agent. The Servicing Center is contracted to collect Direct Loan payments and handle deferments, repayment options, and consolidation.

Disbursement
Loan proceeds that are paid to the students account.

-E-
 

Eligible Program
In order to receive financial aid, including student loans, a student must be working toward completing an eligible program—a course of study that leads to a degree or certificate and meets the U.S. Department of Education’s requirements for an eligible program.

Enrollment Level
Level of the degree-granting program in which a student is enrolled. There are three basic levels of enrollment: undergraduate (students seeking an a certificate, associate or bachelor degree); graduate (students working on a master degree or professional degree); and post-graduate (students enrolled in a doctoral program). A student’s enrollment level determines, in part, the amount and type of financial aid he/she is eligible to receive. 

Enrollment Status
Category that indicates whether a student is full-time (12+ credits), three-quarter-time (9-11 credits), half-time (6-8 credits), or less than half-time (5 or fewer credits).

Entrance Loan Counseling
Federal requirement in which a student borrower’s rights and responsibilities are explained. This is required prior to the student’s first loan disbursement.

Exit Loan Counseling
Federal requirement for any borrower who withdraws from the college, graduates, or drops below half-time. This counseling reviews the borrower’s rights and responsibilities and provides useful information to help with the management of student loans.

Expected Family Contribution (EFC)
The amount that a student and his/her family is expected to be able to contribute toward the student’s education. For a dependent student, the need analysis formula utilizes the parents’ income and assets (excluding home equity), savings, taxes, and other mandatory living expenses to determine the parents’ contribution. All students (dependent and independent) will have a student’s contribution, which is derived by analyzing the student’s income and assets. The formula for calculating the Expected Family Contribution also takes into consideration parents’ ages, number of family members, and number of family members in college.

-F-
 

Federal Direct Loan Program
The William D. Ford Federal Direct Loan Program is a Federal program that provides loans to students and parent borrowers directly through the U.S. Department of Education.

Federal Family Educational Loan Program (FFELP)
This loan program utilizes lenders (banks, credit unions, and other agencies) to supply loan funds to eligible students and parents of eligible students. Under this program, a Guaranty Agency is also involved to guaranty the loan funds to the lender. Note: This program is not currently available to students.

Federal Graduate PLUS Loan
Federal loan that is available to students enrolled in a graduate degree program. Students must file the Free Application for Federal Student Aid (FAFSA) to be considered for a Graduate PLUS loan. The Financial Aid Office must determine if the student is eligible for any other type of Direct Loan before a Graduate PLUS loan can be processed. Applicants may borrow up to the cost of attendance minus other financial assistance. Students will receive an automatic deferment while enrolled at least half-time. The Graduate PLUS loan is not a subsidized loan; consequently, interest will accrue beginning with the first disbursement of the loan. Note: A credit check is required.

Federal Parent Loan (PLUS)
Federal loan available to parents of a dependent undergraduate student. Parents may borrow up to the full cost of their child’s education, less other aid received. Note: A credit check is required.

Federal Student Aid (FSA) ID
An FSA ID is a username and password that you must use to log in to certain U.S. Department of Education (ED) websites. Your FSA ID identifies you as someone who has the right to access your own personal information on ED websites such as the Free Application for Federal Student Aid (FAFSA®) at fafsa.gov.

Federal Subsidized Loan
A loan that the federal government pays the interest on while the student is in school, during the grace period (usually six months grace), and during deferments (postponements of repayment). Students must demonstrate financial need, as determined by federal regulations. Note: Students who have subsidized Stafford loans made on and after July 1, 2012, and prior to July 1, 2014, must temporarily pay interest that accrues during the six months grace period provided the students are no longer enrolled on at least a half-time basis. If not paid, the accrued interest will be capitalized (added to the principal balance on the loan).

Federal Unsubsidized Loan
A loan that the federal government does not pay the interest on while the student is in school, during the grace period, or in deferment. Eligibility is not based on financial need. The student is not required to make any payments while he/she is in school, but interest is charged during all periods. Students are responsible to pay the interest on this loan quarterly or may choose to capitalize the interest, which is added to the unpaid balance of the loan once a quarter.

Federal Work Study
The Federal financial need-based program that provides undergraduate and graduate students with half-time employment during the school year.

Financial Aid Appeal
Students who fall below the minimum Satisfactory Academic Progress (SAP) requirements to receive federal student aid have the option to submit a written appeal, based on mitigating circumstances, to the Financial Aid Office. Federal regulations allow an institution to use professional judgment on a case-by-case basis if the financial aid administrator determines that an unusual or extraordinary situation affected the student’s progression toward the successful completion of his or her program of study.

Financial Aid Package
The total amount of financial aid (Federal and non-Federal) a student receives, including Work Study and loans.

Financial Literacy
Provides tools and information to help students understand their financial aid and assist in managing finances.

First-Time Borrower
An undergraduate student with no prior loan history or established credit hours at Baker College. First-time borrowers are subject to a 30-day delay in the first disbursement of their student loan.

Forbearance
Temporary postponement of loan repayment; interest continues to accrue (contact the lender for forbearance options).

Free Application for Federal Student Aid (FAFSA)
The form used to determine a student’s eligibility for financial aid including grants, loans, and Federal Work Study. Completing the FAFSA is the first step in the financial aid process and renewal of the FAFSA is required every year. The form can be completed online at www.fafsa.gov.

-G-
 

Gift Aid
Grants and scholarships that do not require repayment.

Grace Period
A consecutive six-month period before the first payment must be made on a Federal Stafford loan; the grace period starts the day after a borrower ceases to be enrolled at least half-time.

Grant
Type of financial aid based on need; does not have to be repaid. The most common grant is the Federal Pell Grant.

Guaranty Agency
The organization that administers the Federal Family Education Loan Program (FFELP). The guaranty agency guarantees loan funds to the lender, which supplies the student with FFELP loan funds.

-H-


Half-Time Enrollment
In order to receive most types of financial aid (including loans), the student must maintain at least half-time enrollment. For undergraduate students, the requirement is at least 6 credit hours and for graduate students the requirement is at least 4 credit hours.

-I-
 

Indirect Costs
Expenses the student/family may pay to a third party (merchant, landlord, etc.) other than the college.

Interest
A loan expense charged by the lender and paid by the borrower for the use of borrowed money; calculated as a percentage of the principal amount borrowed.

-L-


Loan Fee
An expense of borrowing, which is deducted proportionately from each loan disbursement.

Loan Principal
The total sum of money borrowed.

-M-


Master Promissory Note (MPN)
The legal document that a borrower signs when he/she gets a student loan. The borrower is promising to repay loans and any accrued interest and fees to the U.S. Department of Education; terms and conditions of the loan are included in the MPN. Signing the MPN is required prior to the student’s first loan disbursement.

-N-


Need
The difference between the Cost of Attendance (COA) and the Expected Family Contribution (EFC) is the amount of the student’s financial need. The financial aid package is based on the amount of financial need. The process of determining a student’s need is known as need analysis. Cost of Attendance (COA) minus Expected Family Contribution (EFC) equals Financial Need.
 
Net Cost
Amount of direct and indirect costs’ remaining after all gift aid (scholarship and grant) is subtracted.

Net Price Calculator
Provides estimated net price information (estimated out-of-pocket cost) to current and prospective students and their families based on what similar students paid in a previous year. The net price calculation includes the sum of tuition, required fees, books and supplies, room and board (meals), and other related expenses minus estimated grant and scholarship aid. 

-O-


Out-of-Pocket Cost
Difference between the cost of attendance and all gift aid. Out-of-pocket cost can be covered through a variety of sources, including savings, income and educational loans.

-P-


Pell Grant
A Federal grant that provides up to $5,730 in an academic year (2014-2015 maximum amount, based on full-time enrollment). Students qualify for Pell grant based on the Expected Family Contribution from the FAFSA.

Prepayment
Any amount paid on a loan by the borrower before it is required to be paid under the terms of the Master Promissory Note. There is never a penalty for prepaying principal or interest on student loans.

Private (Alternative) Loan
A non-governmental loan made by a private lender used for paying for college expenses such as tuition, room and board, and other associated costs. Private loans are credit-based, school-certified student loans for undergraduate and graduate student borrowers enrolled at least half-time in an eligible undergraduate or graduate program. In some circumstances, the loan is also available for less than half-time students. Private loans are also referred to as “alternative loans.” With private loans, qualified students may be eligible to borrow up to the full cost of their education, less other aid received, as certified by the Financial Aid office at the school. Loan requirements can vary depending on the lender. Please see www.baker.edu/student-services/financial-aid/#loans for additional information.

Professional Judgment
Adjustment to a student’s Expected Family Contribution, Cost of Attendance, or dependency status (with documentation), based on an extenuating circumstance; determined at the Financial Aid office’s discretion.

-R-


Repayment Plans
Each loan servicer can offer loan borrowers several different options for repaying student loans. Some repayment plans are based on income and family size. Contact the holder of the loan to determine what repayment options are available.

Repayment Schedule
A statement provided by a borrower’s lender or servicer that shows the amount borrowed, the amount of monthly payments, and the date payments are due.

-S-


Satisfactory Academic Progress (SAP)
The progress a student must maintain toward completion of their current academic program in order to receive federal, state or institutional aid. The standards required to maintain eligibility for financial aid are: Grade Point Average (GPA), Pace (the pace of progress towards the degree), and Maximum Timeframe.

Scholarship
Form of gift aid that does not require repayment. Scholarships are awarded on various criteria. Examples include merit, financial need, academic excellence, or college-specific criteria.

Selective Service
Registration for the military draft; United States male citizens who have reached the age of 18 must be registered to receive financial aid. For additional information please visit www.sss.gov.

Self-Help Aid
Financial aid in the form of loans that must be repaid and Work Study funds that must be earned.

Student Aid Report (SAR)
The report summarizing information provided on the Free Application for Federal Student Aid (FAFSA). The Federal Processor/Central Processing Service (CPS) produces and sends this report to student financial aid applicants.

Student Loan
One type of financial aid; money borrowed that must be repaid.

Supplemental Educational Opportunity Grant
Federal grant program for undergraduate students with exceptional need. SEOG grants are awarded by the school's Financial Aid Office, and provide up to $4,000 per year. To qualify, a student must also be a recipient of a Pell Grant.

-T-


Tax Transcript
IRS form that shows most line items from the Federal tax return (1040, 1040A, or 1040EZ) as it was originally filed, including any additional forms or schedules. This information is available for free from the IRS. Please visit our Tax Transcript website for additional information on how to obtain a copy.

Title IV
Part of the Higher Education Act of 1965, which covers the administration of Federal student financial aid programs.

Title IV School Code
When completing the Free Application for Federal Student Aid (FAFSA). students will need to supply the Title IV Code for each school to which they are applying. Please visit How to Apply for Financial Aid for a list of Baker College campus codes.

-U-


U.S. Department of Education
U.S. Government agency that administers several Federal student financial aid programs, including the Federal Pell Grant, the Federal Work Study Program, the Federal Perkins Loans, the Federal Stafford Loans and the Federal PLUS Loans.

-V-
 

Verification
The review process completed by the Financial Aid Office to ensure the accuracy of information reported on a student’s Free Application for Federal Student Aid (FAFSA). During the process, the student and parent (if applicable) will be required to submit specific documentation requested by the Financial Aid Office. Financial aid applications are randomly selected by the Federal processor for verification.

Verification Worksheet
Item used to verify the size of a student’s household as well as the number of household members attending college. 

Program Finder

Start today and discover the program that is right for you.

FAQ's

  • What are the benefits of paying interest?

    When a borrower pays the interest, it can minimize the amount of interest that accrues on the loan (added to your current principal balance) when the account enters the repayment phase. If less or no interest is added to the original loan amount, the borrower's monthly payment will be less.

  • How can I reduce the amount I need to borrow?

    When you file your Free Application for Federal Student Aid (FAFSA), you will automatically be considered for aid from all of the programs offered by the U.S. Department of Education, including grants and work-study. You may be able to find additional sources of aid on your own. You can, for example, do a free scholarship search on the web. The Federal government has a free search engine on Student Aid online at www.studentaid.gov.

  • How do I know when I have been awarded?

    When the awarding process is complete, you will receive an award notification from the Financial Aid office . If you are a new student, you will receive notification by postal mail. If you are a returning student, you will receive notification by email.

  • What is financial aid?

    Any money that helps students attend college is considered financial aid. It may include grants, scholarships, loans, job earnings, or help from parents or a spouse.

  • Can I use future financial aid funds to cover a prior balance?

    In accordance with Federal regulations, the College cannot automatically use future loan funds to cover a prior quarter balance. If there are any excess loan funds available after your tuition and books have been paid during the current quarter, the funds will be released to you as a refund. It remains your responsibility to pay your prior quarter balance in full.

  • Load More FAQ'S