Financial Aid

Learn Now. Pay Later.

There are a variety of financial aid options that can help you to finance your degree program. Review the following to select an option that best meets your needs.

Federal Loans - Finance up to 100 percent of Your Tuition and Fees.

Obtaining a federal student loan has never been easier. Regardless of your financial situation, you may be eligible to receive funds through the Federal Family Educational Loan Program (FFELP) offered through Marygrove College. This program includes the Federal Stafford Loan, the Federal Unsubsidized Stafford Loan, and the Federal Graduate PLUS Loan.

You may:

• Borrow up to 100 percent of the cost of education for any semester in which you are enrolled in at least three credit hours.
• Receive a low, fixed-interest rate of 6.8 percent for Stafford Loans and 8.5 percent for Graduate PLUS Loans.
• Take up to 10 years to repay loans.
• Decide to delay repayment until after you complete your master's degree. Contact your lender for details.

Qualified applicants are eligible to receive federal funding for each term in which they are enrolled in at least three credit hours. Unsubsidized loans begin accruing interest immediately, although repayment may be deferred.

How to Apply for a Federal Loan: The financial aid process can be lengthy; we highly recommend you begin the steps below immediately.

Step 1

Apply for admission to Marygrove College's online Master in the Art of Teaching program.

Option 1: Apply via mail or fax. Click here.

Option 2: Apply online.  Click here to visit instructions on how to apply online.

Step 2

Complete the Free Application for Federal Student Aid (FAFSA) form, which is to be submitted to the Federal Processor. To visit the FAFSA Web site, click here http://www.fafsa.ed.gov. You will be asked for a school code when you fill out the FAFSA. Marygrove College's Title IV School Code is 002284. Use this code when you fill out the FAFSA.

You have two options:

• a) ONLINE: Get a Personal Identification Number (PIN) at www.pin.ed.gov. With a PIN, you may apply online and receive results faster. Then complete the FAFSA online at www.fafsa.ed.gov. Submitting the FAFSA online will help to expedite the funding of your financial aid. The Federal Processor will process your application in three to five days.
• b) ON PAPER: Complete the paper version of the FAFSA. You must mail this form directly to the Federal Processor (addressed envelope enclosed). You may get a paper FAFSA at any local college's financial aid office, a high school guidance office, or most public libraries. Your FAFSA will be processed in two to four weeks.

After applying, you will either receive a paper Student Aid Report (SAR) in a few weeks, or if you provided a valid email address, you will receive an email message. The message will contain the link for accessing your SAR online.

Step 3

First-time borrowers must complete entrance counseling online. To get to "Student Loan Counseling," either:

Click here to get to "Student Loan Entrance Counseling."

Or, go to www.marygrove.edu. Select "Financial Aid Dept." from the pull-down menu of the "QUICK LINKS". Then select "Financial Aid Links" from the menu on the left side of the screen; and finally "Student Loan Entrance Counseling." Complete the online form. 

Step 4

Marygrove College will process your request for financial aid after all required financial documents have been completed and received. You will be sent a postcard when your financial aid award is ready. There are instructions on the postcard for viewing and accepting your award. You should also choose a lender at this time; there is a link to do so from the financial aid award Web site.

Step 5

You must re-apply for aid every year. You will need to file the renewal FAFSA by March 1 for the next fall/winter/summer year.

Important Note: If you have not been awarded financial aid or accepted it (Step 4) by the start of your first semester, you will be required to pay at least half of the semester's charges up front. You will be reimbursed once your aid (loans and/or grants) is processed. If you have any questions about this process, call the Enrollment Center toll-free at 866-903-3033.

For Michigan Residents and/or Veterans:
Michigan Tuition Grant
The Michigan Tuition Grant is available to graduate students who are Michigan residents, file a FAFSA by June 1st of the aid year beginning in the fall, and have financial need as determined by the Michigan Higher Education Assistance Authority. Awards range from $100 - $2,100. Students are notified by the state of Michigan as to eligibility, and eligible students must be enrolled at least half-time (three credits) to be eligible for the award. For more information, please contact the state of Michigan toll-free at 888-447-2687.

Veteran's Benefits
Veteran's benefits are available to students from the Veteran's Administration. These benefits vary depending on the student's Chapter of Eligibility. Only Chapter 31 will be included in employer reimbursement. For more information, please contact the U.S. Department of Veteran Affairs toll-free at 888-442-4551.

FOR HELP OR INFORMATION

Financial Aid
Enrollment Center: 866-903-3033
Fax number: 313-927-1533
Web site: www.fafsa.ed.gov
FAFSA direct: 800-433-3243
Email: ec@marygrove.edu