2014-15 Scholarship Opportunities for Upper Peninsula Seniors
Up to Full-Tuition
Upper Peninsula students can earn non-competitive Albion scholarships of up to $94,000 awarded at up to $23,500 per year. These scholarships are based on academic achievement and are awarded at the time a student is accepted for admission. Additionally, there are two major, competitive, Albion scholarships which Upper Peninsula students may receive.
James A. and Verle A. Klungness, ’50 Scholarship
Each year, three students from the Upper Peninsula will be selected to receive a James A. and Verle A. Klungness, ’50 Scholarship. Each scholarship, when combined with any Michigan and Federal grant to which a student is entitled, covers the full cost of tuition, at Albion College. Preference in the competition is given to students from Iron Mountain or Kingsford High School and secondary preference is given to students from Dickinson County or elsewhere in the Upper Peninsula.
William H. Anderson ’37 and Clifford G. Anderson ’37 Scholarship
Each year, one student from the Upper Peninsula will be selected to receive a William H. Anderson ’37 and Clifford G. Anderson ’37 Scholarship. Each scholarship when combined with any Michigan and Federal grants and other scholarships to which the student is entitled covers the full cost of tuition at Albion College. Preference in the competition is given to students from Ewen-Trout High School with secondary preference given to students from elsewhere in the Upper Peninsula.
- By email or phone call, notify your enrollment counselor - Corey Grazul (517) 630-1811
- that you wish to be considered.
- Apply for admission before November 15th
- Before November 15th, prepare and submit to Corey an essay of 400-500 words in which you describe how living in the Upper Peninsula has shaped your life.
- Participate in a scholarship interview.
- If you have been selected to receive the scholarship, expect to be notified no later than January 15th.
- Indicate your acceptance of the scholarship and commitment to attend Albion within ten days of notification.
Dates and Deadlines (Current Students)
The following are key dates and deadlines you'll need to remember during the financial aid process.
May 1: FAFSA recommended deadline
We encourage you and your parents to complete your IRS tax returns two to three weeks prior to completing your FAFSA so you may use the IRS Data Retrieval Tool when submitting your information.
Mid-May: Albion begins sending award notifications to continuing students
July 1: Recommended deadline for scholarship thank-you letters
August 1: Deadline for completing your financial aid requirements in order to have aid on your student account before your fall payment is due.
Student Account Bill
You've got your financial aid, you've developed your plan, now it's time to put it all together on your student account bill.
Getting Your Bill
In early July the College begins sending notification of your bill. This notification is sent as an email to you. If you'd like to have your parents get a copy you'll need to set them up as authorized users. If you're an entering student, you can do that at SOAR or by logging into ACIS and visiting the eBill section.
Understanding Your Bill
The charges reflected are only for the fall semester. Your financial aid offer and your financing plan are for the whole year, so the numbers will be different. Your bill will include your tuition, fees, room and board charges.
Financial Aid on Your Bill
Some of your financial aid will be reflected on your bill.
Some won't -- here's why:
Federal funds cannot be credited to your student account until ten days before the start of the semester. That includes, Pell and Supplemental Grants, Perkins and Direct Loans.
Michigan Tuition Grant funds will be applied when the State confirms your eligibility.
If you haven't completed all the requirements, we can't put funds on your account.
What Does 'Authorized Financial Aid' Mean?
These funds are all set and ready to pay. We are waiting until ten days before the beginning of the semester to put the funds on your student account (it's a federal rule, we can't put it on until then). These funds are already subtracted from the amount due on your bill.
What Are 'Memo Items'?
These are funds that are in process, meaning you are eligible for them, but you haven't completed all the requirements yet. In order to have these funds credited to your student account you need to complete the requirements—you can view those in your ACIS account.
Financing Plan for Entering Students
We understand that putting all the pieces together to finance a college education can be confusing, so we've developed a personalized Plan to help navigate all the options to help pay your student account bill. You will receive your Plan with your financial aid award.
These are the items that will appear on your student account with the College. You'll need to pay these costs or have a payment plan in place before the start of the academic year.
Scholarships and Grants
Grants and scholarships do not have to be repaid. Your Albion Merit Scholarship is renewed for four years (two for transfer students), as long as you are making academic progress. You will need to agree to the Terms and Conditions in ACIS before your scholarship is credited to your account. Other grants and scholarships are usually based on financial need and a FAFSA needs to be completed each year to determine if you remain eligible for them. You may be required to submit a thank you note for your scholarship, check ACIS to get more information.
These funds are offered to you to help meet your costs; you do not have to accept them if you have other resources available. In order to receive loan funds you must complete a promissory note and entrance counseling. Instructions on how to do so are in ACIS. You are responsible for repaying those loans when you leave school. Loan funds can be applied to your student account when all the requirements are met.
Work-study funds are earned by working on-campus or with a community organization. You get a regular pay check that you can use to pay incidentals or apply to your student account.
You can use this section to calculate your contributions from savings, outside scholarships you've earned or funds you plan on borrowing through an outside bank or lender. You can add those up and place the total under the 'My Plan' section.
This section allows you to include contributions from savings or current income. It can also reflect resources from the PLUS Loan (a loan parents can borrow up to the cost of attendance) or available payment plans. Total those amounts and place that in the 'My Plan' section.
We've included your Albion costs that will be billed to you, as well as your financial aid resources. Using the amounts you've included from the student and parent resources sections, you can subtract all of your resources to determine your remaining direct cost. This is the amount you'll need to pay to the College.
These expenses are variable depending upon your spending patterns. The amounts we've listed are typical for most students, you can change them depending upon your spending habits.
Taking your remaining direct cost from above and adding your indirect costs you can see what's left. The goal is to have this amount equal zero, so you know all of your expenses are covered. If it's not then you'll want to either reduce your indirect costs, look at how to add some additional resources or a combination.