North Central Michigan College Catalog 2012-13
The Financial Aid office determines the type and amount of each award. The type and amount of award are based on a variety of factors including financial need, academic progress, outside resources, class attendance, enrollment status, dependency status, program limitations and the availability of funds. When funds are limited, awards may be granted to applicants who meet all requirements and have a complete financial aid file by May 1.
Each student application is reviewed and aid is awarded based on the student’s eligibility, funding availability and program regulations. Need-based aid programs include federal and state grants, loans and work-study programs and some scholarship programs. Most aid awarded is need-based. Some students are not eligible for need-based assistance. Non-need based aid programs do not use a family contribution as an eligibility criterion. These programs use other criteria such as grade point average or a specific program of study. Nonneed based programs are usually private scholarships.
Financial Need Financial aid programs are designed to supplement student and family resources. The student and family have the primary responsibility for financing a college education. There are two basic categories of financial aid: need-based and non-need based. Need-based aid uses a federal needs analysis formula to determine a family’s financial strength or family contribution and eligibility for a program. The formula uses the information from the student and the parent, if required, from the Free Application for Federal Student Aid (FAFSA). The formula calculates the Expected Family Contribution (EFC) which is used to calculate the amount of each student’s aid package.
Cost of Attendance for Financial Aid The College sets cost of attendance allowances using rules established by the federal government. The cost figures below reflect reasonable book, travel, room, board and personal allowances, as well as average tuition and fee charges for a student enrolled in courses totaling 26 credit hours over two semesters.
Full-time Student Cost of Attendance Emmet County resident Tuition and Fees $2,326 Books and Supplies $1,300 Transportation $1,400 Personal $650 Room and Board $6,200 Total $11,876
Resident of other Michigan counties $3,586 $1,300 $1,400 $650 $6,200 $13,136
*Figures are based on 2011-12 academic year costs and subject to adjustments due to changes in law and Board of Trustees policy. These figures are used solely for determining financial aid and are not charges billed to students. Residence Hall students are charged a single ($2,350) or double ($1,675) room rate per semester. Academic Qualifications To receive federal and state aid, a student must be qualified to study at the post-secondary level. A student qualifies academically if he/she has the following:
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A high school diploma; or A recognized equivalent of a high school diploma, typically a general education development (GED) certificate; or Completed home schooling.