Types of Financial Aid
There is a wide variety of funding available to assist students and their families with tuition, fees and other college-related expenses. Financial aid includes grants, scholarships, student loans and work-study.
Grants and Scholarships
Federal, state or institutional money that, under normal circumstances, the student does not have to pay back.
Federal Pell Grant
To apply, complete the FAFSA. Awards range from $400-$4,731. Eligible students must demonstrate financial need as determined by the federal formula, meet standards of academic progress, not owe a refund or be in default on any Title IV Aid, and be working toward a Delta College academic degree or certificate.
Federal Supplemental Educational Opportunity Grant (FSEOG)
To apply, complete the FAFSA. Awards range from $50-$1000. Eligible students must demonstrate financial need as determined by the federal formula, meet standards of academic progress, not owe a refund or be in default on any Title IV Aid, and be working toward a Delta College academic degree or certificate.
Academic Competitiveness Grant (ACG)
To apply, complete the FAFSA. Students who graduated from high school after 1/1/2005 and completed a rigorous secondary school program of study are eligible. Students must be Pell Grant eligible and enrolled full-time in an Associate Degree program. Up to $750 can be received for the first academic year and up to $1,300 for the second academic year. Students who self-certify that they have completed a rigorous high school program on the FAFSA will be reviewed for eligibility.
Michigan Competitive Scholarship Program (MCS)
Take the ACT test in high school and complete the FAFSA using Delta College's school code (002251). Students who qualify as semi-finalists on the ACT test will have a chance to receive MCS. The State of Michigan Department of Education awards a maximum of $650 per semester based on eligibility.
Michigan Educational Opportunity Grant (MEOG)
To apply, complete the FAFSA. Maximum award is $1,000 per year. Eligible students must demonstrate financial need as determined by the federal formula, meet standards of academic progress, not owe a refund or be in default on any Title IV Aid, and be working toward a Delta College academic degree or certificate.
Michigan Adult Part-time Grant (MAPTG)
To apply, complete the FAFSA. Eligible students must be Michigan residents, part-time, independent, and out of high school for a minimum of two years. Maximum award is $600 per year for a period of up to two years. Students must demonstrate financial need as determined by the federal formula, meet standards of academic progress, not owe a refund or be in default on any Title IV Aid, and be working toward a Delta College academic degree or certificate.
Michigan Merit Award (MMA)
Eligible students must be Michigan residents and score at Level I or Level II on the MEAP. Students can receive up to $1,500 per academic year for 2 consecutive years. To certify, students should contact the Michigan Department of Treasury, Office of Scholarships and Grants at 1-888-447-2687.
Michigan Promise Scholarship (MPS)
Eligible students must be Michigan residents and score at Level I or Level II on the Michigan Merit Exam. Up to $1,000 per academic year for the first two years. To certify, students should contact the Michigan Department of Treasury, Office of Scholarships and Grants at 1-888-447-2687.
Tuition Incentive Program (TIP)
Eligible students must be under the age of 20 at the time of high school graduation / GED completion and have been a Medicaid recipient. To receive TIP at Delta College, student must submit copies of their TIP letter from State, high school diploma / GED and birth certificate. For a copy of your TIP letter, contact the Michigan Department of Treasury, Office of Scholarships and Grants at 1-888-447-2687.
Michigan Indian Tuition Waiver (ITW)
Student must have written certification from tribe of being at least 25% Native North American and proof of one year of Michigan residency. Waiver will cover tuition only, for any number of credits. ITW will not pay fees or other charges. Student can obtain ITW application at www.itcmi.org.
Board of Trustees Scholarship (BTS)
Eligible high school graduates from in-district schools will be recommended by their guidance counselors based on academic excellence and class ranking. This award pays for full tuition and fees for 62 credits / four semesters. Recipients must maintain a minimum 3.0 college GPA.
Board of Trustees Grant (BTG)
The BTG provides financial assistance for short-term training programs offered through Work Force Development. Eligibility is determined by financial need. Grant pays for up to 1/3 of tuition costs or a maximum of $550. Applications are available in the Financial Aid Office.
Adult Education Scholarship (AES)
Eligible in-district graduating seniors are selected by their alternative high school administrator. AES will cover up to 6 credit hours of tuition only each semester, up to a maximum of 30 total credit hours. Program must be used within four years of the initial award. Contact your alternative high school administrator to inquire about eligibility.
Other Scholarships
Institutional scholarships are generally based on achievement or talent and usually do not have to be paid back. Delta College offers over 110 private donor scholarships. Most scholarship awards range from $200 to $1,000 annually. Students are encouraged to apply and to be aware of application requirements and deadlines. Applications and deadline information can be obtained at the Financial Aid or Foundation offices.
External Scholarships are funds provided to students by local and national clubs, organizations, agencies and companies. Scholarship monies may be sent directly to the Financial Aid Office with instructions regarding disbursement of funds. Or, students may receive their scholarship checks directly. Scholarship checks made out to Delta College or Delta College and the student must be submitted to the Financial Aid Office for distribution to their student accounts.
Use free state and national scholarship search sites to find scholarships for future and currently enrolled college students. Or, visit your local library to search for community scholarship opportunities. Residents of Bay, Saginaw and Midland counties are encouraged to apply for scholarships through these local foundations:
Student Loans
Financial aid funds that must be paid back, usually with interest. There are several types of student loans available.
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FEDERAL STAFFORD STUDENT LOANS
- Subsidized and Unsubsidized are available. Both are paid back after graduation.
- Dependent freshman (0-29 credits) can receive up to $3500, twice per grade level. This is based on full time status (12 + credits)
- Dependent sophomore (30 or more credits) can receive up to $4500, twice per grade level. This is based on full time status (12 + credits).
- Independent students, as defined by the Federal Government on the FAFSA, are eligible to receive an additional unsubsidized Stafford loan at each grade level up to $4000.
- Fixed interest rates vary each year. The rate is capped at 8.25%.
- Interest does not accrue on a subsidized loan until you graduate, withdraw from school or drop below half-time enrollment.
- Interest accrues on an unsubsidized loan while you are in school. You may choose to pay the interest when you’re in school rather than capitalizing the interest to avoid “paying interest on interest”.
- FEDERAL PARENT PLUS LOANS
- Enables parents with good credit history to borrow to help pay the expenses of each child who is a dependent undergraduate student. Student must be enrolled at least half-time and maintain satisfactory academic progress.
- Interest rates vary each year. The rate is capped at 9%.
- Repayment begins within 60 days after the final loan disbursement is disbursed for the period of enrollment for which the student has borrowed.
- No grace period. Interest begins to accumulate at the time the first disbursement is made.
- Parents who have Plus loans must begin repaying both principal and interest while student is in school.
- No loan meeting is required.
- Loans cannot exceed the school’s Cost of Attendance (COA). The maximum a parent can borrow is equal to the cost of attendance minus any other financial aid the student receives.
- ALTERNATIVE LOANS
Delta College recommends that students complete the FAFSA, so that eligibility for Federal financial aid including Federal Stafford loans can be determined. Students in need of additional assistance may wish to pursue alternative loan options. We encourage you to visit web sites for the lenders listed below as well as research other alternative lenders to determine if these loans are appropriate for you and your educational needs.
Other Financial Aid Resources
Students interested in obtaining additional education or training to re-enter the workforce should explore potential funding opportunities through their local Michigan Works and Michigan Rehabilitation Services agencies.