College Charges
The cost of attending Adrian College is competitive with that of most independent colleges in the Midwest. In an annual study of selected private institutions, Adrian’s basic charges for tuition, room, and board generally are found to be lower than those of other similar colleges. Current charges, without factoring in any financial aid, are outlined below.
Undergraduate Student Living Accommodations
As a residential college, Adrian recognizes that the institution’s teaching mission extends beyond the classroom. In order to provide students with the maximum opportunity to engage in this out-of-class education, all full-time students are required to live on campus for four years. Exemptions based on local residence, marital status, 5th year senior, age or part-time student may be made by application to the Housing Office. Apartments, fraternity and sorority and theme housing is considered on campus housing. The College may designate other housing alternatives in the future.
Traditional Residence Hall rooms are furnished with beds, desks, chairs and dressers. Students furnish their own pillows, bedding, telephones, towels, and study lamps if they want them. Each room has voice mail and a connection to the campus computer network and through the network to the Internet. Students need an Ethernet card to connect their computers to the central system. To ensure compatibility with the system, students may wish to call the computer center before purchasing a network card. Hall Coordinators, Resident Assistants or House Managers are available in each facility to help meet the needs of each student.
New students who have submitted an Enrollment Deposit and turn in their Room and Board Agreement by the deadline are assigned rooms during the summer. The Enrollment Deposit is refundable if cancelled by May 1st in writing. Single room accommodations are available upon request if a Room and Board Agreement is in by the deadline.
Returning students establish their priority for room reservations by submitting a Room and Board Agreement online in the spring. The advance housing payment must be made before the student can be housed. This payment is applied to the student’s room charge and is refundable if housing is cancelled by May 31st. Room assignments in residence halls are made by the online lottery system.
Premium housing (apartments, houses, Cargo, and Pellowe Halls) assignments are determined by number of earned credits, GPA, and students must be in good judicial and financial standing with the College. There is a 2.0 GPA requirement for premium housing.
All housing applicants must complete an application for choice of preferences to be considered. Students who are assigned rooms during the first week of classes will be charged the full semester rate. Thereafter, charges will be prorated.
Students are held financially responsible for the loss of keys, breakage, property or residence hall damage, equipment or furnishings removed from the premises and fines. See residential Damage Deposit for more information.
Students who are living on or off campus are encouraged to purchase a renter’s insurance policy to cover personal contents (laptops, clothing, etc.). The College is not responsible for any damage/theft of a student’s personal property.
Graduate Student Living Accommodations
Graduate programs do not require residency for students to complete their coursework. Online education at Adrian College allows students to live and work anywhere in the world while they study. Graduate students who are residents of the City of Adrian while completing their master’s degrees have many local housing options available to them, from local apartment complexes to renovated apartments in historic downtown Adrian.
Graduate students interested in living on campus should contact the Director of Housing immediately upon acceptance to their program by emailing the Director at housing@adrian.edu or calling 1-517-264-3861.
Dining Facilities
All students living in college owned housing are required to participate in one of the meal plans. Three meals are served every day except Saturday and Sunday breakfast. All meals are served cafeteria style. Students may also use their meal card at all Caine Center dining options between 11:00 a.m.-11:00 p.m. Monday through Friday and 1:00 p.m.-10:00 p.m. Saturday and Sunday.
The College offers a series of dining plan options to suit a variety of schedules and lifestyles. These plans provide varying levels of direct meals as well as Dining Dollars (debit purchasing capability which is built into our meal plan options).
Returning students are required to choose one of the meal options when signing up for fall semester housing through the Residence Life Office.
Students not indicating a particular meal option will automatically be charged for the 14-meal plan. The selected plan will be included in the fall semester statement in July.
Students have the opportunity to change from one meal plan to another during the first week of every semester. Requests for changes must be submitted in writing to the Housing Office.
Payment of Accounts
Adrian College payment options are Payment in Full, and a monthly payment plan of a 5-month per semester. Payment in Full are due August 1st for the Fall semester and January 1st for the Spring semester. Students are required to complete the online Payment Option form to formally request their payment option of choice through the Bulldog Dashboard. Payments can be made via debit/credit card or e-check through Bulldog Dashboard or check and/or cash can be made at the Student Business Services (Cashier’s Office), located on the main floor in the Caine Student Center.
A $75 monthly late payment fee will be assessed when the minimum payment is not received by the due date. No late fee will be applied if the outstanding balance is due to work study that will be applied to the student account.
Monthly Payment Plan Option
Adrian College offers a monthly payment plan option. There is an administrative fee associated with the payment plan option as indicated.
5 Payment Plan Option
($95 Administrative fee will be charged annually)
Fall Semester payments are due the 1st of each month (August, September, October, November, December)
Spring semester payments are due on the 1st of each month (January, February, March, April, May).
Any non-current student with a past due balance will be subject to any/all collection fees up to 33.3% and/or attorney fees necessary to collect the amount due. Students with a past due account will not be permitted to register for classes, receive transcripts (subject to the transcript policy) or a diploma released until paid in full.
Delayed Payment Policy for Students Receiving Veteran Benefits
Adrian College will not impose a penalty, including the assessment of late fees, the denial of access to classes, libraries, or campus facilities, or require a covered individual to borrow additional funds, on any covered individual because of the inability to meet his or her financial obligations to the institution due to the delayed disbursement funding from VA under Chapter 31 or Chapter 33.
Refunds
Student Account Refund
In the event a student account balance is a credit (overpayment), a refund will be processed within a 14-day period of financial aid disbursement to the student account. Refund checks are mailed to the address on file in the student information system.
Advance Housing Deposit Refund
The advance housing deposit will be refunded if the Housing Office has received written notice of cancellation by May 31st for returning students.
Room and Board Plans
Board (a.k.a. meals) are purchased on a semester basis. If a student withdraws or is dismissed from school, the Room and Board charges will be adjusted according to the liability schedule.
Enrollment Deposit Refund - New Students Only
If the student’s plans to attend Adrian College change, we will refund the Deposit if a written request, postmarked May 1 or earlier, is submitted to the Office of Admissions.
Class Withdrawals- Refunds Tuition and Fee Adjustments -Tuition and Fee Liability
The last day to DROP from or change classes without any tuition and fee liability is the Sixth Day of classes (the “Add/Drop” deadline). Students who wish to withdraw for the semester must complete an official Withdrawal Request Form, which can be obtained from the Registrar’s Office (Stanton Administration Bldg.)
The form includes instructions to complete and submit the form for processing. A course change is defined as one or more course(s) switched for one or more course(s) of equal credits. If you reduce your number of enrolled credits to fewer than 12 credits for a semester or completely withdraw from the College after the Add/Drop deadline, you will be responsible to pay tuition and fees corresponding to the number of dropped credits in accordance with the schedule.
Your remaining charges will be based upon the number or your currently enrolled credits.
When is the Last Date to Withdraw from Classes Without Incurring a Tuition and Fee Liability
The last day to withdraw from classes with no tuition/fee liability is the Add/Drop deadline. This means that if you _completely withdraw from the College - before the Add/Drop deadline, you - are not responsible for paying tuition and fees according to the current Tuition / Fee, Room and Board Liability schedule.
Students who officially withdraw from the College - after the Add/Drop deadline are still responsible for paying tuition and fees according to the Tuition & Fee Liability Schedule. The first day of classes, as scheduled by the College, shall be deemed to be the first day that classes are offered, as indicated on the Academic Calendar. Students who reduce the number of credits to fewer than 12 credits for the semester after the Add/Drop deadline are responsible to pay tuition / fees, room and board at the full-time (12 – 18 credit hours) rate.
Students who enroll for class(es) after the semester start date or start attending class(es) after the semester start date and then withdraw from classes are still responsible to pay tuition and fees in accordance with the Tuition & Fee Liability Schedule. The exception is for withdrawals from class(es) that are defined by the College’s Registrar’s Office as late-start classes.
REMEMBER that YOU, the student, are responsible for:
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knowing that you are registered for classes,
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knowing the classes for which you are registered,
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paying your billing statements in a timely fashion,
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understanding and following the correct procedures to withdraw from courses or credits.
Tuition Fee / Room and Board Liability Schedule
During the 0% Ineligible for Refund period any refunds will be processed and charges removed for tuition/fees and room and board as may be applicable. After the 0% Ineligible for Refund period tuition/fees and room/board (if applicable) will be prorated according to the schedule, above, and all other fees are due in full. After 100% Tuition/Room and Board Ineligible for Refund, students are liable for tuition and all fees, room and board in full. Students who register for courses and who do not file the appropriate Withdrawal Request Form or do not drop courses before the end of the Fourth Week of classes are liable for their full charges.
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Liability Period
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Tuition / Room and Board Ineligible for Refund
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Tuition / Room and Board Eligible for Refund
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Fees Ineligible for Refund
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Through the Sixth Day of Classes (the “Add/Drop” deadline)
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0%
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100%
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0%
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The Seventh Day of Classes through the Second Week of Classes
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30%
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70%
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100%
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Third Week
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50%
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50%
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100%
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Fourth Week
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70%
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30%
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100%
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After the Fourth Week
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100%
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0%
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100%
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The 8-week Tuition/Fee, Room and Board Liability Schedule:
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Liability Period
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Tuition / Room and Board Ineligible for Refund
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Tuition / Room and Board Eligible for Refund
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Fees Ineligible for Refund
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Through the Second Day of Classes (the “Add/Drop” Deadline)
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0%
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100%
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0%
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The Third Day of Classes through the Fifth Day of Classes
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50%
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50%
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100%
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Second Week
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70%
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30%
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100%
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After the Second Week
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100%
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0%
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100%
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Withdrawals and Cancellations
If you decide not to attend Adrian College, it is your obligation to properly withdraw. Non-attendance of classes does not classify as an official withdrawal and does not relieve the student of his or her financial obligation or entitle the student to a refund.
All students who are given permission to cancel his or her registration or who are withdrawing from the classes shall be liable for payments of tuition and all fees in accordance with the liability schedule. The last day to WITHDRAW from classes without any tuition liability is the Add/Drop deadline.
Withdrawals
The process of withdrawing from Adrian College is a formal procedure which the student has the responsibility to initiate. A withdrawal after the add/drop period ends will have a “W” recorded for all registered courses on the academic transcript. A student withdrawing shall be responsible for payment of tuition and fees in accordance with the Tuition Fee Room and Board Liability Schedule. The date recorded by the Registrar’s Office will be used as the official withdrawal date for tuition/fees, room and board adjustment or refund purposes.
Cancellations
Cancellations must be made in writing before the add/drop deadline. No grade is recorded on the academic transcript for registered courses when a student cancels their registration. A Student who is given permission to cancel his or her registration shall be responsible for payment of tuition and all fees in accordance with the Tuition/ Fee, Room and Board Liability Schedule.
Non-attendance - Non-payment - Dismissal
Non-attendance of classes WILL NOT cancel your registration, nor will it relieve you of your financial obligation, or entitle you to a refund. Failure to appropriately cancel registration with Adrian College may result in the assessing of additional administrative fees to the student’s financial account balance.
A Student who is dismissed for academic or disciplinary reasons prior to the end of an academic term shall be liable for tuition and fees due for the term according to the Tuition/ Fee, Room and Board Liability Schedule.
Financial Aid Implications
When a student officially withdraws prior to completing more than 60% of the semester, Federal regulations require the Office of Financial Aid to apply a formula established by the U.S. Department of Education to determine the amount of Federal financial aid that has been earned by the student. The amount of Federal financial aid returned to federal aid programs is determined by the amount of time the student spent in academic attendance, but has no relationship to the institutional charges incurred by the student. Institutional aid will also be reduced following the same calculation to determine percentage earned.
For students that unofficially withdraw and/or finish a semester with all F’s or a combination of all F’s and W’s, a last date of academic related activity will be determined by the Registrar’s Office and a calculation of the percentage of earned aid will be based on this date.
Adrian College Statement of Student Responsibility
Adrian College Students, whether new, visiting, returning, or continuing, are responsible for reviewing, understanding, and abiding by the College’s regulations, procedures, requirements, and deadlines as described in all official Adrian College publications including, but not limited to, the Course Catalog, Student Handbook, web site, and class schedules.
Semester Adjustments - May Term and Summer School
A student who is dismissed or who completely withdraws after the first day of class, and before the end of the Drop and Add period, will receive a 100 percent credit on tuition. No credit will be issued after the Drop and Add period.
Special Circumstances Withdrawal
In case of withdrawal due to extenuating circumstances, such as serious illness or injury, some variance may be given to the regular withdrawal charges listed for tuition, room and board. Withdrawals of this nature should be reviewed fully with the Manager of Student Business Services.
Special Fees
No refunds are made on course fees after the add/drop deadline.
Scholarships and Grants
One-half of all verified grants, scholarships and loans (except for loans where the proceeds are paid directly to the student or parents) will be applied to each semester’s charges. Wages earned under federal Work-Study and campus employment programs are paid to the student by payroll checks, issued every two weeks, for the actual hours worked.
Student Health Insurance
Students attending Adrian College are responsible for their own health insurance coverage as the College does not provide or sponsor a health insurance plan for students. It is strongly recommended that students verify they have such coverage through their parents’/guardians’ insurance plan or purchase such coverage directly with an insurance carrier. Students may visit sis-inc.biz for available health insurance options.
Satisfactory Academic Progress
The first time a student does not meet SAP standards they will be placed on Academic and Financial Aid Warning for the next semester. This means they are one term away from being able to continue their education at Adrian College. Failure to meet SAP standards in the semester in which the student is on Warning will result in Academic Suspension.
Satisfactory Academic Progress Suspension
Students who do not meet academic satisfactory academic progress requirements at the end of the academic warning period will be placed on academic suspension and will not be eligible for continued enrollment without appealing.
Satisfactory Academic Progress Academic Plan & Appeal Procedure
Any student who is placed on academic suspension under the Satisfactory Academic Progress policy may submit an appeal to the Academic Status and Review Committee. Instructions for the appeal process, including an appeal application, will be provided in the SAP notification letter sent by the Vice President and Dean of Academic Affairs through the Registrar's Office (registrar@adrian.edu). Students seeking to appeal must write a formal letter explaining why they are not currently meeting Satisfactory Academic Progress and outlining their plan to improve their academic standing. The letter and appeal application must be submitted, and a virtual or in-person meeting must be held as part of the appeal process.
After conducting the meeting, the student will receive written notification of the outcome of their Satisfactory Academic Progress Appeal. Reinstatement of enrollment for the next period will be evaluated on a case-by-case basis. Applications received after the due date specified in the SAP notification letter may not be considered for readmission. The committee's decision, comprised of faculty, staff, and administrators, is final.
Students who do not meet the terms of Satisfactory Academic Progress, and who either elect not to file an appeal, or who failed to meet the terms of their academic plan will be required to meet the Satisfactory Academic Progress standards before regaining eligibility for enrollment.
Students are limited to two (2) SAP Appeal submissions during their enrollment at Adrian College. Students are not eligible for their second appeal directly after the probationary term as they would not be making SAP for more than two consecutive semesters.
Satisfactory Academic Progress Probation
Students will be assigned this status if they fail to meet satisfactory academic progress at the end of SAP Warning period but successfully appeal. Students will be permitted to receive financial aid for one additional term with continued eligibility to be reviewed and determined at the term’s end. Students on SAP academic probation are monitored for improvements and are required to adhere to their terms and conditions of probation.
Incompletes, Withdrawals, Failures And Repetitions
Classes graded with failure (“F”), “academic dishonesty”, “incomplete”, “no credit”, or “withdraw” will be evaluated as courses attempted, although not successfully completed. Repeated courses will count toward academic progress.
Transfer Credit, Adrian College Credit Hours and Academic Program
When determining if a student is within the requirements of Adrian College’s Satisfactory Academic Progress policy, the Office of Academic Affairs will consider credit hours that are accepted by the Registrar’s Office as transfer credit or that were taken at Adrian College, and that are applicable to the student’s academic program. The number of transfer credit hours accepted will be used to calculate a student’s remaining eligibility according to the maximum timeframe standard (150% rule) and will be included in the quantitative calculation which includes number of credits attempted and completed. Transfer credit grades are not considered in a student’s GPA. The GPA used for Satisfactory Academic Progress policy only considers classes taken at Adrian College.
Financial Aid
Philosophy of Financial Aid
The Office of Financial Aid at Adrian College is committed to assisting students find the best financial options for their education. The mission of the Office of Financial Aid is to provide access to financial aid information and resources to students, who without such assistance would be less likely to attend an institution of higher education.
Operating Policies
The following operating policies are designed to assure that the financial aid office is effective in carrying out its responsibilities.
- All students must apply for financial assistance by submitting appropriate application forms to the Office of Financial Aid.
- All funds available to Adrian College for financial assistance shall be administered through the financial aid office. When funds or awards are received from outside sources by other offices (such as Student Business Services) that office will be required to notify the financial aid office.
- The Office of Financial Aid shall maintain adequate records to ensure proper administration of aid funds. This includes ensuring that aid given is not in excess of the cost of attendance and that aggregate awards do not exceed total expenditures of funds under each program.
- Selection of students to receive financial aid will be made without regard to age, sex, race, color, religion, sexual orientation, national origin, disability or marital status.
- Priority consideration for aid is given to students whose files are complete by March 1st prior to the award year.
- All students applying for aid are required to apply annually for Federal, Institutional and State Assistance
General Eligibility
A student must meet certain requirements to be eligible for Federal financial aid. Those requirements include but are not limited to:
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Be a U.S. citizen or eligible noncitizen.
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Have a valid Social Security Number.
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Have a high school diploma, a General Education Development (GED) Certificate or equivalent.
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Be enrolled or accepted for enrollment as a regular student working toward a degree or certificate in an eligible program at a school that participates in the federal student aid programs.
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Not have a drug conviction for an offense that occurred while the student received federal aid (such as grants, loans, or work-study).
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Be meeting the requirements for SAP.
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In addition, a student must not owe a refund on a federal grant, be in default on a federal student loan and must demonstrate financial need (except for unsubsidized loans).
An award package is offered after a student has fulfilled the following:
Students should complete their file by March 1 to be given priority consideration for the following academic year. Files completed after that date will be considered late applications and will be awarded aid in the order in which the applications were completed.
Financial Aid Programs
Adrian College Scholarship and Grant Policy
Adrian College Scholarships/Grants are earmarked for full-time, degree-seeking study for up to eight semesters of undergraduate course enrollment. Students may not receive institutional scholarships/grants that are in excess of tuition and fees. Outside scholarships may affect Institutional or State grants and scholarships. Veteran Affairs Benefits, Post 9/11 GI Bill (Chapter 33), and ROTC Full-tuition scholarships are included and will reduce the scholarship/grant eligibility of the student dollar for dollar. Please note that the qualifying for Adrian College Scholarships may reduce previously awarded Adrian College Grants. GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at https://www.benefits.va.gov/gibill.
Adrian College Scholarships
Undergraduate students who are full-time, degree seeking and enter into college with the required SAT and GPA will be reviewed for Adrian College scholarship assistance up to 8 consecutive semesters of on-campus study. Students who receive a merit-based Adrian College Scholarship will need to maintain their full-time status (12 undergraduate credits or above) and maintain good standing to remain eligible. Failure to maintain either criterion could result in loss of the scholarship.
Additional Adrian Scholarships
Additional Adrian scholarships are available for incoming students who attend a Scholarship Day, are children or grandchildren of Adrian College alumni (Legacy Scholarship) or active members of the United Methodist Church.
Adrian College Grants
Students who file the FAFSA will be considered for both needs based and non-need-based grants. These awards may be renewable for up to four consecutive years. Renewal is contingent upon the student’s annual submission of the FAFSA, maintaining satisfactory progress and full-time undergraduate enrollment. Renewal may also be contingent upon the student’s residency status (on or off campus) and funding levels. The Adrian College Grant will be reduced if necessary to maintain Federal, State, and College budgets. Any other financial aid award that exceeds $99 and is not a part of the original financial aid award, whether it be an Adrian College or outside scholarship, Federal/State grant or scholarship money, Federal loan, or tuition waiver, can reduce Adrian College Grants.
Endowment and Contributed Scholarships
Through generous gifts from family, friends and alumni of Adrian College, various scholarship programs have been established. If a specific donor provides a student scholarship, the student may be notified by the Development Office and requested to write a thank you note and/or meet the donor.
State of Michigan Financial Aid Programs
Adrian College participates in several State of Michigan financial aid programs. These programs include but may not be limited to; the Michigan Competitive Scholarship, Michigan Tuition Grant, Tuition Incentive Program and Fostering Futures Scholarship. Michigan residency is required for all state aid programs.
Michigan Tuition Grant
The Tuition Grant Program, established in 1966, provides need-based grants up to Michigan residents attending private colleges in Michigan. Half-time students are also eligible.
Program Details
- Federal processor must receive Free Application for Federal Student Aid (FAFSA) by March 1.
- Must be enrolled at an approved independent, degree-granting Michigan institution.
- Cannot be enrolled in a course of study leading to a degree in theology, divinity, or religious education.
- Must maintain a minimum cumulative GPA of 2.0 or higher and be maintaining SAP.
- Annual Award Amount
- Program is need based.
- Award amount is based on annual State funding levels and a student’s enrollment level.
- Must be registered for at least 6 credit hours.
- Award limited to tuition and mandatory fees.
- Limited to 10 semesters.
Michigan Competitive Scholarship
Established in 1964, this program provides need-based scholarships to Michigan residents attending private colleges in Michigan. Scholarship awards are based on the results of the ACT, which must be taken on or before the first testing date of the senior year, with results sent to the state of Michigan.
Program Details
- Achieve a qualifying ACT score of at least 23 (composite) or 90 (scaled score) prior to entering college. Starting with the Class of 2017, an ACT score will not be considered. Students must achieve a qualifying score of at least 1200 on the SAT.
- Federal processor must receive the Free Application for Federal Student Aid (FAFSA) by March 1.
- Cannot be attending an institution whose primary purpose is to prepare students for ordination or appointment as a member of the clergy of a church, denomination, or religious section.
- Must maintain a minimum cumulative GPA of 2.0 or higher and be maintaining SAP.
Annual Award Amount
- Program is both merit and need based.
- Award amount is based on annual State funding levels and a student’s enrollment level.
- Must be registered for at least 6 credit hours.
- Award is limited to tuition and mandatory fees.
- Limited to 10 semesters.
Tuition Incentive Program (TIP)
Established in 1987, this program provides assistance to Michigan residents that meet certain Medicaid eligibility history requirements. Eligible students must apply prior to High School graduation.
Program Details
- Student must have received Medicaid coverage, as determined by the Michigan Department of Health and Human Services (DHHS), for 24 months within any 36-consecutive month period between age 9 and high school graduation.
- Must submit application by August 31 of the student’s senior year.
- Must begin using TIP within four years after high school graduation.
- Eligibility ends after six years from the date of high school graduation.
- Must be enrolled in an Associate Degree program to qualify for phase 1 award.
Annual Award Amount
- Award is limited to tuition and fees.
- Cannot exceed 80 semester credits.
Federal Aid Programs
Federal Pell Grant
Federal Pell Grants are awarded to undergraduate students who have exceptional financial need and do not have a prior Bachelor’s degree. Students apply using the FAFSA and can receive no more than 12 semesters or the equivalent (roughly six years of full-time enrollment). The amount of this grant is determined by the Federal Government and can change yearly based on funding levels and calculated financial need from the FAFSA.
Federal Supplemental Educational Opportunity Grant (SEOG)
The FSEOG may be awarded to full-time undergraduates whose FAFSA form indicates exceptional financial need. Awards are based on funds available at the time of application. Award amounts are limited and vary.
Federal Campus Employment (Work Study Program)
The federal government supports employment for financially needy students. In addition to demonstrating need, eligibility requires full-time undergraduate enrollment. Awards are based on funds available at the time of application. This program encourages community service work and work related to each student’s course of study, where applicable. Students are responsible for securing employment and perform job duties according to the position description. The number of hours a student may work each week is determined by the amount of the work study award. Assigned work hours may not conflict with class attendance or scheduled examinations. Failure to perform assigned duties satisfactorily may result in job termination. Work study earnings can be applied to semester charges or paid directly to students according to the Student Pay Schedule established by Payroll Department.
Federal Direct Subsidized Stafford Loan
Undergraduate students who demonstrate financial need (based on their FAFSA results) may be eligible for a Federal Direct Subsidized Loan. Interest is paid by the federal government during eligible in-school, grace and deferment periods. The subsidized loan does NOT accrue interest while the student is enrolled at least half-time. There is a 6-month grace period after graduation or dropping below half-time before repayment is required. The repayment period can be as long as 10 years. The Financial Aid Office will notify students, who are eligible to borrow a Subsidized Stafford Loan, of their maximum eligibility. Maximum loan amounts are based on grade level and financial need.
Federal Direct Unsubsidized Stafford Loan
The unsubsidized loan is NOT based on financial need and is awarded to both undergraduate and graduate students. The student is responsible for paying the interest, which begins accruing as soon as the loan is disbursed. There is a 6-month grace period after graduation or dropping below half-time before repayment is required. The repayment period can be as long as 10 years. The unsubsidized loan DOES accrue interest while the student is in school. Students can make interest payments or let the interest capitalize. The Financial Aid Office will notify students, who are eligible to borrow an Unsubsidized Stafford Loan, of their maximum eligibility. Maximum loan amounts are based on grade level, dependency status and financial need.
Loan Limits
The chart below illustrates the annual loan limits based on dependency status and class standing.
The chart below illustrates the aggregate loan limits based on dependency status and program.
Federal Parent Loan for Undergraduate Students (PLUS)
The Federal PLUS program allows parents to borrow up to the cost of attendance minus estimated financial aid for the academic year for each dependent student enrolled at least half time. These loans are the financial responsibility of the parent borrower. The borrower has the option of beginning repayment on the PLUS loan either 60 days after the loan is fully disbursed or wait until six months after the dependent student on whose behalf the parent borrowed ceases to be enrolled on at least a half-time basis. The College determines maximum eligibility based on the student’s federal cost of attendance minus all other forms of aid. The parent applicant will need to complete a Parent PLUS application and PLUS direct loan master promissory note yearly at studentaid.gov.
Outside Scholarships and Reimbursement Programs
Outside Scholarships
An outside scholarship is any scholarship not awarded by the government or the school, such as a scholarship provided by a private sector company, high school or community foundation. Outside scholarships are considered resources, meaning that they may reduce a student’s financial aid package dollar for dollar. Schools often do not have a choice in the matter. Federal rules concerning "over award situations" require the school to reduce the financial aid package when the sum of financial aid from all sources exceeds the school's cost of education.
Students are required to report any outside scholarships to the school's financial aid office. If a student fails to report an outside scholarship, they may be required to repay the school or the government all or part of their need-based financial aid package.
Employer Payments or Reimbursement
Employer tuition assistance includes a variety of employer-sponsored programs to help employees and/or their dependents pay for college. In many cases the funds received from these programs may be excluded from income and hence tax-free. Employer reimbursements or payments are considered resources, meaning that they may reduce a student’s financial aid package dollar for dollar. Schools often do not have a choice in the matter. Federal rules concerning "over award situations" require the school to reduce the financial aid package when the sum of financial aid from all sources exceeds the school's cost of education. Students are required to report any outside employer reimbursement or payments to the school's financial aid office. If a student fails to report an outside scholarship, they may be required to repay the school or the government all or part of their need-based financial aid package.
Other Loan and Financing Options
Private Student Loans
Private Education Loans, also known as Alternative Education Loans, help bridge the gap between the actual cost of a student’s education and all other educational resources. Private loans are offered by private lenders and do not require a FAFSA to be filed. The Office of Financial Aid recommends that students exhaust federal student loan eligibility before resorting to a private student loan.
Payment Plans
Adrian College offers deferred payment plan options. Please refer to the Payment of Accounts section of the catalog for more information. Students and parents can also inquire with the Student Business Services Office additional information and payment options.