Stafford and Grad Plus Loans require students maintain Satisfactory Academic Progress and at least half-time enrollment.
To be eligible for federal financial aid you must maintain satisfactory academic progress. See the catalog, handbook or FA Pulse page for details on satisfactory academic progress.
Failure to maintain half time enrollment will result in loss of all financial eligibility including deferment.
0-4 credit hours – less-than-half-time
5-8 credit hours – half-time
9 or more credit hours – full-time
Withdrawing from your classes completely will result in additional consequences.
It is very important that you contact the appropriate office (Dean or other designated individual) for your program if you decide to withdraw prior to completing your program of study. You need to be informed of how withdrawal will impact your financial aid, grace period and repayment. If you leave school or take a leave of absence prior to graduating you may be eligible for a partial refund of tuition and fees. The complete Title IV refund policy is available on the DMU website, your DMU student handbook and the DMU catalog. You must complete exit counseling if you withdraw or drop to below half-time.
It is expected that you keep within the cost of attendance budget. It is recognized, however, that certain reasonable and necessary unexpected expenses may occur, such as: child day care expenses, unreimbursed medical or dental expenses, or certain car repairs. Your budget cannot be adjusted for living expenses, purchase of a car, car payment or credit card payments.
The cost of attendance budget is an estimate of living expenses and school expenses. You do not have to spend/borrow this amount. The goal is to borrow as little as possible. You should plan a realistic expense budget for yourself and borrow only what is necessary to get by.
You can’t request additional financial aid funds for your credit cards and car payments.
You do not have to borrow the amount listed as your cost of attendance