Student Loans for Central Michigan University Students
About Central Michigan University
One of Michigan’s largest public universities, Central Michigan University has made its mission since being founded in 1892 to provide a first-rate university education at an affordable cost. With over 200 programs offered from bachelor to doctorate levels, Central Michigan University has made good on their promise of delivering low-cost, high-quality education to Michigan residents. Central Michigan University financial aid is a relatively robust program, due in large part to the state-based subsidies that Michigan residents receive, but also due to a wide variety of scholarships and institutional forms of aid.
All the typical expenses, from tuition and fees to room and board, plus textbooks and travel costs are the obvious line items to consider when making your budget for CMU, but there are other costs to consider. Maybe it’s buying some concessions while watching a Chippewas football game (or even buying tickets to a bowl game, where they’ve been appearing in past years), or perhaps it’s just giving yourself some space for personal spending on the weekends, you should be careful to consider ‘surprise’ costs, especially if you are receiving Central Michigan University financial aid.
Paying for University
Applying for Central Michigan University Financial Aid will be easy, we promise you. As CMU is a public university, the only form required is the Free Application for Federal Student Aid (FAFSA). The federal government and the Central Michigan University financial aid office use the data you provide on your FAFSA to calculate your Expected Family Contribution, or EFC, which is the amount you will be expected to pay towards the cost of attendance (COA) at CMU. The balance between your EFC and the COA is your financial need.
Central Michigan University Loans
The overwhelming majority of students at Central Michigan University are in-state students (96%), which further aids the mission of providing low-cost education. Michigan offers significant subsidies for in-state students, which drastically reduces the COA from the figure for out-of-state students. What’s more, the Central Michigan University financial aid program offers no fewer than 27 state and university scholarship programs that can play a large part in reducing a family’s debt burden. In addition to these scholarships, CMU offers students work-study programs, institutional grants, and student loans in their aid packages, just as with any standard aid package.
Despite the strong Central Michigan University financial aid program, some students who attend CMU find themselves short of money for school after receiving aid and taking out federal student loans. If you have exhausted every possible source of aid and still need more money to supplement your Central Michigan University financial aid package, consider applying for a private student loan. You can use our private student loan comparison tool at the top of this page to search, compare, and apply for the student loan that’s right for you.
How do I apply for Central Michigan financial aid?
Applying for Central Michigan financial aid is a simple process, and is no different than the application process for any other school. There is only one significant form you are required to submit to be evaluated for Central Michigan financial aid, and that is the FAFSA, or Free Application for Federal Student Aid. Submit this to the Central Michigan financial aid office as soon as you have the requisite information, as certain forms of federal aid operate on a first-come, first-served basis.
Pay for Central Michigan University*
|Total Avg. Cost||$20,297|
|Room & Board||$10,120|
|Financial Aid Information|
|Students Receiving Fin Aid||87%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$7,501|
|%Receiving Other Loans||11%|
Get into Central Michigan University
Contact Central Michigan University
|Central Michigan University
Mount Pleasant, MI 48859
|Financial Aid Office URL|
|Admissions Office URL|
*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics