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Consumer InformationSpecial Enrollments
PROSPECTIVE DEGREE STATUSThe Prospective Degree Status (PDS) is a non-degree status granted to students who wish to enroll at the University of Michigan-Dearborn but do not yet meet the requirements for admission to a degree program. These students show potential for academic success if degree admission were granted in the future. Students are required to complete a minimum of 12 credits towards degree credit with a minimum cumulative grade point average of 2.5 or higher before an application to a degree program can be made. Types of Aid Available
Dependent students can borrow up to $3,500 for the academic year in either subsidized and/or unsubsidized loans beginning in the 2007-08 academic year. Independent students can borrow up to $7,500 for the academic year ($3,500 maximum in subsidized loans) beginning in the 2007-08 academic year. The Federal Direct Subsidized Loan does not accrue interest while the student is enrolled at half-time status. No payments for interest or principal are due while a student is enrolled half-time. The Federal Direct Unsubsidized Loan has the same low interest as the subsidized loan but interest accrues while the student is in school. No payment for interest or principal is required while the student is in school. The Office of Financial Aid suggests that borrowers pay the quarterly interest charged by the Direct Loan Program. There is no prepayment penalty for borrowers who want repay their loans early. Eligibility Limitations Prospective Degree Status Students are allowed to receive financial aid for up to 12 consecutive months dating from their first enrollment. For example, a student who first enrolls in September 2007 has until August 2008 to complete the requirements in the PDS and apply and be admitted to one of the University degree programs. If a student is not admitted to a regular UM-Dearborn degree program at the end of 12 consecutive months, s/he will not be eligible for additional financial aid in the PDS Program. Once a PDS student has been admitted to a regular UM-Dearborn degree program, s/he will regain eligibility to be considered for financial aid as a regular degree-seeking student. Important Information to Remember Please remember that the Office of Academic Support and Outreach Services is a valuable resource for PDS students and that it is very important to stay in contact with them. You can contact their offices at (313) 593-5340 to ask questions, address concerns or make an appointment. PDS students are also encouraged to meet with the Financial Aid Counselors in the Office of Financial Aid if they have any questions or concerns. GUEST STUDENT: CONSORTIUM AGREEMENTThe University of Michigan-Dearborn has very few consortium agreements with other colleges (except for study abroad programs). The primary consortium agreements are with our campuses in Ann Arbor and Flint. There are also consortium agreements for only Criminal Justice majors at UM-Dearborn with Henry Ford Community College, Oakland Community College, Schoolcraft College and Wayne County Community College District. Students who are enrolled in good standing at either UM-Ann Arbor or UM-Flint are eligible to be considered for financial aid while enrolled at the University of Michigan-Dearborn. In addition to submitting a guest student application to the Office of Admission at the UM-Dearborn, a student from UM-Ann Arbor or UM-Flint must complete the following steps to be considered for aid:
Criminal Justice majors at the University of Michigan-Dearborn are eligible to take classes for their major approved by the College of Arts, Sciences and Letters (CASL) at Henry Ford Community College, Oakland Community College, Schoolcraft College and Wayne County Community College District. The University of Michigan-Dearborn is considered the Home Institution and selected community college is considered the Host Institution. A consortium agreement is completed with the help of a financial aid counselor for each term. Types of Programs Available
Federal Direct Student Loan eligibility is determined by status (dependent or independent), grade level, funds borrowed during the academic year and aggregate loan maximum borrowing limitations.
GUEST STUDENT: NO CONSORTIUM AGREEMENTWithout an eligible consortium agreement, guest students at UM-Dearborn are not eligible to be considered for Federal aid or University assistance. Students are required to be enrolled in a regular degree program to be considered for most forms of financial aid and eligible consortium agreements (institution to institution) are an exception. There are some possible means to help meet educational costs while enrolled as a guest student at the University of Michigan-Dearborn.
DUAL OR MULTIPLE ENROLLMENTSStudents who are enrolled at more than one college simultaneously traditionally only receive financial aid at one institution. Most students make the decision to use their financial aid at the more expensive college or at the college that will award them the most financial aid. After matriculation, University of Michigan-Dearborn students must seek written departmental approval to enroll at another educational institution in order to insure that classes successfully completed will be accepted as transfer credit. Students are encouraged to meet with their academic advisors before pursuing enrollment at other educational institutions. There are students who may combine multiple enrollments at different colleges and legitimately receive aid at each. Students, however, are prohibited from receiving Pell Grant during the same academic period at more than one school.
There are loan limits for each academic term and students are not allowed to exceed them, which is very difficult when borrowing at two or more schools simultaneously. In addition, if a lender has already originated a loan, it is very difficult to originate another loan for the same period. The U.S. Department of Education’s system of tracking loans records and makes the records available to all lenders. In most instances, students who are enrolled at more than one college simultaneously pay for the extra college costs out of their pocket. STUDY ABROADUM-Dearborn students who wish to study abroad find that it is possible to obtain Federal student aid funding to meet some of the educationally-related expenses involved in their program of study. It is strongly recommended that students begin the financial aid process at least three months before the program of study begins. Minimum Criteria Applicants must:
Funds for any study abroad program are disbursed on a term-by-term basis. Many programs require substantial deposits prior to the time that the student aid funds can be disbursed. Students may need to seek alternative resources to meet these costs. Within six (6) weeks after the completion of the study abroad program, students must submit a memorandum from their academic department confirming that the study abroad credits have been approved. By the end of the following term, the study abroad credit hours must be posted on their transcript. If a student meets the all of the requirements, they may not qualify for financial assistance to study abroad. If a student meets all of the requirements but does not complete all of his/her obligations outlined in the above paragraph, s/he may becom fully and immediately liable for all Federal student aid disbursed for this program. In addition, students may wish to consider alternative loans to replace or supplement Federal student aid for their study abroad. Check with individual lenders to determine if they participate. Remember, you and/or your co-borrower must be creditworthy to be eligible to borrow in these programs. The Office of Financial Aid recommends that students who are planning a study abroad visit the FinAid! The Smart Guide to Financial Aid first. The portion that we have linked for you is their extensive section on Domestic Exchange and Study Abroad Programs. There is information on programs and scholarships as well as many other resources. Students may also wish to visit the Institute of International Education and the International Scholarships Online for additional information on programs, insurance and possible scholarships. SECOND BACHELOR'S DEGREE OR TEACHING CERTIFICATIONStudents who have already earned their bachelor’s degree are not eligible for Federal, Michigan or University need-based grants. Students in these academic programs may be considered for Federal Direct Student Loans. The undergraduate loan limits do not increase with each new degree or certificate pursued. It is recommended that students review the Loan Section to obtain detailed information about maximum loan amounts. Students who are still considered dependent students may also be considered for Parent/PLUS Loans by requested that a parent borrow on their behalf. These loans are not subject the aggregate maximums of the Student Loan Program. Students may also consider alternative loans for funding their new program of study, especially if other loan programs are not available to them. Applicants for alternative loans (and/or their co-borrowers) must be credit-worthy. Students who are enrolling in a second bachelor’s degree may be eligible for the UMD Current Student Scholarship Program. The deadline is the first business day in February for funds to be used in the next academic year. |
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