Types of Aid - Federal and State Aid

Students attending Calvin can benefit from the assistance provided by federal and state financial aid programs. In most cases, eligibility is determined through the standard application process. The following chart gives you an overview of these programs.

Federal Programs

Program Eligibility Yearly Award Amount How to Apply Renewal Policy

Federal Pell Grant

Financial need as determined by the FAFSA

For 2008-09
Up to $4,731

Submit FAFSA

Submit FAFSA annually

Federal Supplemental Educational Opportunity Grant (FSEOG)

Financial need (must be Pell grant eligible)

Up to $4,000

Submit FAFSA

Submit FAFSA annually
Federal Academic Competitiveness Grant Financial need (must be Pell grant eligible) -$750 for 1st yr. undergraduates -$1300 for 2nd year undergraduates Submit FAFSA Submit FAFSA annually
Federal National SMART Grant Financial need (must be Pell grant eligible) $4,000 to 3rd and 4th year undergraduates Submit FAFSA Submit FAFSA annually
Federal
TEACH Grant

No financial need

4-yr agreement to teach at a school serving low-income families

Up to $4,000 Submit FAFSA Continued compliance with program requirements and sign service agreement annually

Federal Perkins Loan

Financial Need (preference given to students in their 1st and 2nd year with greatest financial need)

Up to $4,000

Submit FAFSA

Submit FAFSA annually

Federal Direct Loan Subsidized/

Unsubsidized (dependent student)

Subsidized - need-based

Unsubsidized - non-need-based

For 2008-09
$3,500 1st yr.; $4,500 2nd yr.; $5,500 3rd year and following

Submit FAFSA

Submit FAFSA annually

Federal Parent Loan for Undergraduate Students (PLUS)

Parent of an undergraduate student

Up to cost of attendance minus other financial aid

Complete loan request form. Must pass credit check

Complete loan application annually

Federal Work Study

Financial need

Varies (based on number of hours worked)

Submit FAFSA Contact Calvin Jobshop.

Submit FAFSA annually. Maintain on-campus job

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State of Michigan Programs

Program Eligibility Yearly Award Amount How to Apply Renewal Policy
Michigan Promise Scholarship

Graduate from Michigan high school. Achieve qualifying scores on the Michigan Merit Exam (MME).

$1,000 in each of the first 2 years.

$2000 after 2nd year.

Complete certification and notification process with state

Total of $4,000 over 2 years.

Michigan Merit Award

Graduate from Michigan high school. Achieve qualifying scores on the MEAP Test

Up to $1,500

Complete certification and notification process with state

Up to $3,000 awarded over two consecutive years

Michigan Competitive Scholarship

Michigan resident with qualifying ACT score and financial need

Up to $2,100 (for 2008-09)

Submit FAFSA

Submit FAFSA annually

Michigan Tuition Grant

Michigan resident attending a private Michigan college and financial need (not receiving the Mich. Competitive Sch.)

Up to $2,100 (for 2008-09)

Submit FAFSA

Submit FAFSA annually
Michigan Adult Part-time Grant

Michigan resident, independent undergraduate with financial need, who has been out of high school for at least two years. 

Up to $600

Submit FAFSA

Submit FAFSA annually

MI-Loan

Student or parent of student attending a Michigan college

Up to cost of attendance minus other financial aid

Submit FAFSA and complete loan application. Must pass credit check

Complete loan application annually

Michigan Work Study

Financial need

Varies (depends on number of hours worked)

Submit FAFSA Contact Calvin Jobshop.

Submit FAFSA annually. Maintain on-campus job.

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Other State Programs -
Pennsylvania, Vermont & Rhode Island

States Eligibility Yearly Award Amount How to Apply Renewal Policy

Pennsylvania,
Vermont &
Rhode Island (allow awards to go out of state)

Most state awards are based on the FAFSA. Refer to the each states' website for information.

Varies by each states regulations

Submit FAFSA

Submit FAFSA annually

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