DCCL Financial Aid FAQ

Ferris State University recognizes that the financial aid process can be overwhelming. We have broken up the financial aid process into segments to help you learn more about the financial aid topics of interest to you.

Below are questions that are frequently asked about financial aid options for DCCL students. Please read through these before contacting the financial aid office.

General Information - Financial Aid Process

Financial Aid Contact Information
Lindsay Young
[email protected]
(616) 643-5742

Loans

    • Federal Direct Unsubsidized Loan
    • Graduate PLUS Loan
    • Private Education Loan
    • Donald L. Newport Emergency Loan Fund

     

    • Send the FAFSA to Ferris - add our school code (002260).

    • If you recently completed the FAFSA, keep in mind that it takes 5-7 business days for the FAFSA to be sent to Ferris.

    • The FAFSA is the application that Ferris State University uses to determine student eligibility for federal, state and institutional aid such as scholarships, grants, loans and work study.

      • Before you can file the FAFSA, you will need to create a user name and password called an FSA ID.
      • You will do this on the studentaid.gov website.  Select "Create Account" next to the log in box.
      • All graduate/doctoral students are considered independent students and do not need to provide parent info.
      • Once you have a FSA ID, select "Complete the FAFSA Form" on the right menu of the studentaid.gov webpage.

    • Once you are admitted and your FAFSA has been received by the Office of Scholarships and Financial Aid, you will be notified via your Ferris email if any additional documentation is needed to complete your financial aid file.

    • You will be notified via your Ferris email if you have missing requirements, or that you have been awarded financial aid, and when you are able to accept your financial aid award.

    • To accept award offer go to MyFSU >"Student" tab >"Financial Aid" icon >"Award Offer" >"Award Year 2020-2021" >Accept "Terms and Conditions" >"Accept Award Offer"

      • Awarding for the Fall semester typically begins in early June for continuing students
      • Awarding for the Spring semester typically begins in late October for newly admitted students
      • Awarding for the Summer typically begins in early April for newly admitted and continuing students
  • Federal Direct Subsidized and Unsubsidized loans are automatically awarded to admitted students who complete the FAFSA process each academic year. Interest rates and loan origination fee amounts can be found at https://www.ferris.edu/admissions/financialaid/Loans/FederalDirect.htm

    Federal Direct Unsubsidized Loan

    • Accrue interest at a low fixed interest rate immediately after the loan has disbursed
    • Are not need-based
    • Are available to both Undergraduate and Graduate students

    Important Information

    • As a doctoral student, you may be eligible for up to $20,500* per academic year (aid year includes Fall, Spring, and Summer semesters), not to exceed the graduate/professional student federal Direct Loan limit of $138,500. *Be sure to save funds, from award, for summer semester.


    Eligibility

    Student must be enrolled at least half-time in a degree-granting program and complete the FAFSA (www.studentaid.gov) to be eligible for the Federal Direct Unsubsidized Loan

    • 3 credit hours for doctoral students (DCCL)
    • Students must complete a FAFSA for the appropriate aid year and complete any other missing requirements (such as verification)
    • Student must complete Entrance Counseling
    • Student must complete a Master Promissory Note (MPN)

    • Complete the FAFSA (www.studentaid.gov) to be eligible for the Federal Direct Unsubsidized Loan
      • As a doctoral student, you may be eligible for up to $20,500 per academic year (aid year includes Fall, Spring, and Summer semesters), not to exceed the graduate/professional student federal Direct Loan limit of $138,500.

    • To review your current federal loan debt (if applicable) you may log into www.nslds.ed.gov.

    • To accept award offer go to MyFSU >"Student" tab >"Financial Aid" icon >"Award Offer" >"Award Year 2020-2021" >Accept "Terms and Conditions" >"Accept Award Offer"

      • Awarding for the Fall semester typically begins in early June for continuing students
      • Awarding for the Spring semester typically begins in late October for newly admitted students
      • Awarding for the Summer typically begins in early April for newly admitted and continuing students

    • For more information on Direct Loan Links and Annual Loan Limits

    • Additional loan funding outside of the Federal Direct loans, find more information at https://www.ferris.edu/admissions/financialaid/loans/graduateprivateloans.htm
    • To apply for this loan option, you must have a FAFSA on file. This application requires credit-worthiness and may be requested to cover up to the remaining balance of your Cost of Attendance. The federal Grad PLUS Loan is the loan that most Ferris graduate students apply for to cover the cost of attendance not met by their unsubsidized loan offer. 
       
      • The Grad PLUS Loan is very easy to qualify for and typically does not require a cosigner. Interest rates and loan origination fee amounts can be found at https://www.ferris.edu/admissions/financialaid/Loans/GraduatePrivateLoans.htm.

           *Federal Direct Loans and Graduate PLUS Loan interest rates are subject to change each academic year based on guidance from the U.S. Department of Education.

    • You may apply for the Grad PLUS Loan at www.studentaid.gov.  Log in using your FSA ID then select the "Inschool" option, then Apply for a PLUS Loan for Graduate school.
    • Private educational loans are available from private lenders for graduate students whose cost of attendance has not been met with other financial aid. The FAFSA (Free Application for Federal Student Aid) is not required to apply for a private loan, however students are encouraged to file the FAFSA to exhaust federal aid options before applying for private loans. Private loans are not federal student aid.
    • This fund is designed to assist students enrolled in the Doctorate in Community College Leadership (DCCL) program.

    • This loan requires that the student has been denied for a Graduate PLUS Loan.

    • The amount of the loan will be limited to up to $2500 per loan, and must be repaid within a 9-month period, at a 2% fixed interest rate.

 

Scholarships

  • Ralph C. and J. William Wenrich Educational Excellence Scholarship

    Applicants must be enrolled in the Doctorate in Community College Leadership (DCCL) program or Master of Science in Career and Technical Education programs.

    • Fill out FAFSA for upcoming academic year.
    • Funds to cover 12 credit hours will be awarded each fall semester, allocated over two semesters within one academic year.
    • This is a one-time scholarship (cannot re-apply if it has been previously awarded).

     

    Ferris DCCL Endowed Scholarship and Fellowship

    The scholarship and fellowship shall be awarded to a full-time graduate student majoring in the Doctorate in Community College Leadership (DCCL) program who is in good standing as specified in the DCCL Policy.

    • Financial need is not a criterion.
    • The amount of the scholarship(s) and fellowship shall be determined by the awarding committee based upon the endowment's available spendable dollars.

     

    DCCL Fellowship/Professional Development Award

    • In order to submit a proposal/application, students must have exhausted all other funding sources and the applicant has not received other funding support from DCCL.
    • Funds may be used for leadership institutes, conference presentations, and expenses related to dissertation research, etc.

     

    Gunder and Marliss Myran CC Leadership Endowed Scholarship

    The scholarship shall be awarded to a full-time graduate student enrolled in the Doctorate in Community College Leadership (DCCL) Program. The amount of the scholarship(s) shall be determined by the awarding department based upon the endowment's available spendable dollars.

    • A minimum of one scholarship shall be awarded annually, if sufficient spendable dollars are available.
    • The scholarship funds shall be credited directly to the recipient's student account and shall be available for tuition, fees, room and board, or other educational related expenses.
    • One half of the scholarship shall be made during the fall semester and one half shall be made during the subsequent semester.
    • The scholarship is renewable provided the recipient remains a full-time graduate student and has demonstrated satisfactory academic progress as specified by the Office of Student Financial Aid.
    • If the recipient becomes ineligible at the end of the fall semester, the remaining scholarship monies shall be awarded the next academic year.

     

    Robert Ewigleben Endowed Scholarship

    The scholarship shall be awarded to a full-time student with a 3.0 GPA.

    • Financial need is not required, but preferred.
    • One half of the scholarship shall be made during the fall semester and one half shall be made during the subsequent semester.

     

    King/Chavez/Parks Future Faculty Fellowship Program

    Some students may qualify for this program, please contact Multicultural Student Services for more details at (231) 591-2617.

     

    Donald L. Newport Emergency Loan Fund

    This fund is designed to assist students enrolled in the Doctorate in Community College Leadership (DCCL) program.

    • This loan requires that the student has been denied for a Graduate PLUS Loan.
    • The amount of the loan will be limited to up to $2500 per loan, and must be repaid within a 9-month period, at a 2% fixed interest rate.

    • Scholarship applications open up for the next aid year in mid-December and close at the end of January for the upcoming academic year.

    • More information available at DCCL Scholarships
    • Admitted Students: If you are an admitted student (you have a MyFSU user name and password) please follow these instructions to submit your applications: Log in to MyFSU >Student tab >Financial Aid quick link >scroll down and select MyScholarships in the Scholarships portlet.
  • DCCL Fellowship/Professional Development Award

    • In order to submit a proposal/application, students must have exhausted all other funding sources and applicant has not received other funding support from DCCL.
    • Funds may be used for leadership institutes, conference presentations, and expenses related to dissertation research, etc.
    • Proposals must be submitted before the event or before travel/research occurs.
    • Proposal should include how the funds will be used. In a brief statement (250 words), students must explain how the event/research will develop professional or leadership skills or how their research will contribute to scholarship in community colleges.
    • Students can apply at any time.
    • Applications will be reviewed on a quarterly basis by DCCL Fellowship committee.
    • Funds will be distributed in a reimbursement format (not to student account)

     

    Application:

Employer Tuition Reimbursement Program

  • Does your employer help you pay for school?

    Our Employer Tuition Reimbursement program makes it easy for your employer to help you pay for school. If your employer offers tuition assistance, make sure to take full advantage at Ferris!

    Students who qualify for the Ferris ETR program will have their tuition deferred until 30 days after grades post for each semester.

  • To qualify for ETR program students must submit the following application documents and enrollment fee EVERY semester: 

    • Complete and submit the online ETR Application

    • Submit a current letter of eligibility on company letterhead stating criteria for reimbursement up to XXX% either with the application, emailing to [email protected] or faxing to (616) 451-4740.

    • You will be manually enrolled into the ETR Payment Plan after your ETR Application and current letter of eligibility have been received. You will receive a confirmation email once enrolled.

    • The ETR Application and letter of eligibility due date can be found at https://www.ferris.edu/htmls/statewide/tuition/etr.htm.

DCCL Study Abroad

    • If you plan to go on the DCCL Study Abroad trip, you can add the travel expenses to your financial aid package.  *Subject to financial aid package availability

    • Contact the DCCL office ([email protected] or call (231) 591-2710) to obtain the Financial Aid worksheet.

    • After confirming all travel expenses are included, send the worksheet to Lindsay Young [email protected] as soon as possible.