Financial Aid Policies Procedures

Adjustments

An email notification will be sent to your CCS email address if updates are made to your financial aid. Please ensure you maintain access to your CCS email address throughout the summer and school year to check for notifications.

Aid Pro-Ration

Aid is initially awarded based on full-time enrollment. In mid-late August aid will be adjusted for students enrolled less than full-time (less than 12 credits). Adjustments will be made weekly thereafter as students add and drop classes. Aid will be pro-rated through the date that 100% charges apply each semester (click here for the 2017-2018 Academic Calendar). As with any other change to your financial aid information, you will receive an email notification in your CCS email if your aid is pro-rated/adjusted.

If your aid is pro-rated based on part-time enrollment but you later add classes to return to full-time enrollment, the aid will be adjusted back to full-time enrollment amounts accordingly.

See below for more detailed information for students enrolled less than half-time (less than 6 credits) and students enrolled part-time (6.0 - 11.5 credits).

Less Than Half-Time Enrollment (1.0 - 5.5 credits)

You must be enrolled at least half-time (6 credits) to receive most kinds of financial aid. Contact the Financial Aid Office at (313) 664-7495 for more information.

Part-Time Enrollment (6.0 - 11.5 credits)

Students enrolled at least half-time (6 credits are more) are eligible to receive almost all kinds of financial aid except some scholarships from private organizations (check with the organization providing the scholarship if you have any concerns). Most grants and scholarships are pro-rated, based on the student's enrollment level. The following calculation is used:

11.5 - 9.0 credits - grants and scholarships adjusted to 75%
8.5 - 6.0 credits - grants and scholarships adjusted to 50%

Loans generally do not need to be reduced unless the student requests it or if the student's maximum budget has been exceeded. Contact the Financial Aid Office at (313) 664-7495 for more information.

Complete/Unofficial Withdrawals

The federal government requires that you complete at least 60% of the semester to fully earn your financial aid. If you do an official withdrawal before the 60% date, a calculation of your charges and financial aid based on your withdrawal date will be provided for you as part of the withdrawal process. If you do an unofficial withdrawal (simply stop attending classes) before 60% of the semester is completed the calculation will be done at the end of the semester using class attendance rosters to determine your last date of attendance. As with any other funds owed, you will be responsible for any resulting balance if funds must be returned to the federal or state governments.

Michigan Tuition Grants/Competitive Scholarships

Michigan Tuition Grants and Competitive Scholarships have been awarded based on past history and the best information we have at this time regarding the intentions of the state legislature for this year's budget. Though we do not expect changes, we will notify you immediately if any occur.

Direct Subsidized/Unsubsidized Loans for First-Time Borrowers

Students borrowing a Direct Loan for the first time at CCS must complete (1) a subsidized/unsubsidized Loan Master Promissory Note and (2) loan entrance counseling. Links to complete both items can be found on the aid acceptance page.

Direct Subsidized/Unsubsidized Loan Eligibility

Direct Subsidized/Unsubsidized eligibility is based on grade level. You cannot request more funds than the amount indicated you are eligible for. The only circumstances in which a student may be eligible for additional Subsidized/Unsubsidized funds are (1) their grade level increases as a result of credits transferred in or (2) a dependent student's parent is denied for a PLUS loan.

Borrowing Less Direct Subsidized/Unsubsidized Loan

The CCS Financial Aid Office encourages you to borrow only what you need for educational expenses. If you wish to borrow less loan than the amount indicated you are eligible for please notify the Financial Aid Office at finaid@collegeforcreativestudies.edu.

Cost of Attendance (COA)/Maximum Amount of Aid

Cost of Attendance is an estimated number schools are required by the federal government to calculate. It is the total of all educational expenses we estimate a student will have during the academic year, including tuition & fees, living expenses, books & supplies, transportation and personal expenses. For the 2017-2018 academic year the COA for undergraduate students who noted on their FAFSA they would live at home is $52,760 and $57,810 for students who noted on their FAFSA they would live on or off campus. The COA for graduate students is $61,380.

Federal regulations state that a student's total financial aid, including all grants, scholarships, employee vouchers and loans cannot exceed their assigned Cost of Attendance.

Additional Aid

If you require funds beyond the grants, scholarships and Subsidized/Unsubsidized loans you receive in your financial aid package, please review the information on supplemental loan programs, such as the Parent PLUS and private/alternative loans. You may want to consider doing an outside scholarship search to help reduce your balance. Links to information on all kinds of loans and conducting a scholarship search can be found on the aid acceptance page. CCS strongly encourages students to have all of their financing determined before charges apply in September.

Change in Financial Circumstances

If your financial circumstances have changed (job loss, etc.) please contact our office. With supporting documentation we may be able to make corrections to your FAFSA to reflect your current situation and adjust your aid amounts accordingly.

 

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