Financial Aid

This information is meant to be an informative guide only. For further information, contact the Financial Aid Office

Undergraduate and Graduate students

The MTU administration has declared that students participating in an official co-op program administered by the Career Services Co-op Office will be considered full-time students, when registered for a full-time or parallel co-op, for purposes of student loan deferment and coverage under parents' health insurance. Any student who receives notification of repayment while on co-op should contact the Co-op Office immediately to resolve the situation.

However, the rules governing financial aid are determined not on the basis of "full-time", but rather on the basis of the number of credits a student takes in a particular semester. It is best to speak with a representative of the Financial Aid Office at MTU to determine how your aid will be affected by going on a co-op.

Financial Aid Office Information

Administration Building 160
Phone: (906) 487-2622, toll-free 1-888-MTU-1885
Fax: (906) 487-3042
Hours: Monday-Friday, 8:00 am-5:00 pm
Web: www.admin.mtu.edu/finaid/finaid.htm
E-mail: finaid@mtu.edu

Be Aware Of These Financial Aid Specifics

Federal, state and institutional financial aid regulations require that financial assistance be provided based on the number of credit hours carried by the co-op student. A less-than-half-time Pell Grant may be available for students who qualify.

Other federal, state or institutionally funded aid will not be available during periods of co-op enrollment. University scholarships such as Presidential, National, etc... will not pay out for co-op. However, for renewable scholarships, the semester of funding is not lost; it is merely deferred to a future term.

In some cases, students receiving scholarships from outside agencies have been allocated their funds while on co-op. This is dependent on the type of scholarship and the discretion of the awarding agency. Students should contact their granting agency for specifics.

Co-op students receiving Michigan Tech sponsored scholarships may request reallocation of their funds from a two semester to a one semester basis for that academic year only. If the criteria of the scholarship do not indicate otherwise, the request will be granted. Examples include the Class of 1938, and the Robert and Virginia Anderson Endowed Scholarship, etc...

When the MTU Financial Aid Office becomes aware of co-op registration for a student, the aid will be adjusted accordingly.

Wages earned while on co-op assignment will be applied as additional family income when determining a student's future financial aid packages. Please note that this may lower future financial aid disbursements.

All co-op students apply for financial aid at the same time as they normally would. Students are responsible for acquiring and completing their financial aid applications.