Loan Default, Enrollment Status, and Disbursement
Loan Default
Students found in default of any Title IV loans or owing a Title IV refund to any college will not be eligible to receive any aid funds. Official academic transcripts will not be released to students who are found to be in default of student loans.
Enrollment Status
To participate in most aid programs, students must enroll for a minimum of six credit hours per quarter in a program leading to a degree. See enrollment classifications below:
| Classification | Credit Hours Per Term |
| Full-Time | 12 + credit hours - Undergraduate Programs 9 - 8 credit hours - Graduate Programs |
| time | 9 - 11 credit hours - Undergraduate Programs 6 - 7 credit hours – Graduate Programs |
| time | 6 - 8 credit hours - Undergraduate Programs 3 - 5 credit hours – Graduate Programs |
Disbursements
Aid funds are posted for an eligible student on a quarterly basis once the aid file is complete, but not more than 10 days prior to the applicable term. Grants and scholarships for each term are posted to the student account after the aid file is complete and the student is registered for classes. Loan proceeds are not posted to the student account until they are actually received from the student's lender.
It is the policy of the Financial Aid Office to divide awards into thirds to correspond to the three quarters of the regular academic year: fall, winter, and spring. When applicable, aid for Direct Degree students will be divided evenly between four terms. The University will apply the following priorities when refunds must be made to Title IV (Federal) aid programs:
- Federal Unsubsidized Stafford Loans
- Federal Subsidized Stafford Loans
- Federal PLUS Loans
- Federal PELL Grants
- Federal Supplemental Educational Opportunity Grant (SEOG)
- Michigan Tuition Grant/Competitive Scholarship (MTG/MCS)
- Michigan Adult Part-time Grant
- Private and Institutional Scholarships
Additional questions that you might have should be directed to the Financial Aid Office.