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Scholarship Checks received WITH STIPULATIONS
If an outside scholarship check is received and there is a notification with the check which indicates that the student is to receive the scholarship unless he/she does not complete the semester or he/she must receive a certain grade, we will NOT ACCEPT THIS SCHOLARSHIP CHECK. The check will be returned to the donor with a letter explaining that we do not accept scholarships checks with these specific stipulations.
Scholarship Checks received WITHOUT STIPULATIONS
If an outside scholarship check is received without the above stipulation, the check will be credited to the outside scholarship account and reported to the Financial Aid Office for processing and application to the student's account. The scholarship is divided between Fall and Winter Semester unless there is documentation that states it can be used for one semester.
Withdrawals
If the student withdraws from the school during the refund period, funds will be repaid in the order specified by Federal Regulations (e.g., Federal Funds first, then State Funds and then other funds). If the student withdraws from school after the refund period, there will be no refund to the donor of the scholarship. For specifics on WITHDRAWAL PERIODS AND REFUND PERCENTAGES, CLICK HERE
If you have any questions regarding the outside scholarships, contact the Loan Disbursement Office at (231) 591-3969.
If an authorization to pay a student's account is received from a third party that STIPULATES THAT IT IS A REIMBURSEMENT, which means that the third party will only pay if the student completes the semester or receives a specific grade in a class, we WILL NOT GIVE THE STUDENT CREDIT IN ADVANCE. The student will have to pay his own account and then be reimbursed by the third party.
If the authorization states that the third party will pay the students account and there is NO STIPULATIONS,we will set up a contract account and link the student so he/she can receive credit on their account. The third party will be billed later for the student charges.
If you have any questions regarding the third party contracts, contact the Loan Disbursement Office at (231) 591-3969.
Link to MET (Michigan Educational Trust)
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