Financial Aid Programs

There are three types of financial aid sources that are outlined below. If you are a service member or veteran, click here for information on military benefits.

Federal Programs

Need Based 2021-22 Academic Year Max Degree Program Enrollment Status Interest Rate (New Borrowers) Pay Back?
Pell Grant Yes $6,495 UG FT, TQ, HT, LTHT No
SEOG Yes $1,200 UG FT, TQ, HT No
Federal Direct

Subsidized Loan
(Government pays accruing interest while in school)

Yes $5,500 UG FT, TQ, HT fixed 2.75% Yes
Federal Direct

Unsubsidized Loan
(Student pays accruing interest while in school)

No $7,000

$20,500

UG

GR

FT, TQ, HT

FT, TQ, HT

fixed 2.75%

fixed 4.30%

Yes
Federal Direct Plus Loans (for parents of dependent students) No cost of attendance UG FT, TQ, HT fixed, currently at 5.30% Yes
Federal Direct Grad Plus Loan (for graduate students) No cost of attendance GR FT, TQ, HT fixed, currently at 5.30% Yes

State Programs

Need Based Academic Year Max Degree Program Enrollment Status Pay Back?
Michigan Tuition Grant Yes $2,800 (full-time) UG FT, TQ, HT No
Michigan Competitive Scholarship Yes (& ACT Scores) $2,800 (full-time) UG FT, TQ, HT No

Walsh is not financially accountable for Federal or State grant award amounts which are subject to change without notice. Maximum offer amounts are listed and are based on full-time enrollment and will be reduced for three-quarter time and half-time.

Scholarship Programs for Undergraduate Students

Need Based Academic Year Max Degree Program Enrollment Status Academic Performance Pay Back?
Jeffery Barry Scholarship No $1,250 per semester for 8 semesters UG FT, TQ, HT Accounting No
Community College Excellence Award No $1,250 per semester for 8 semesters UG FT, TQ, HT For New Students from a Michigan Community College No
Academic Awards

Multi-Cultural Award

No $500-$1,000 per semester for 8 semesters UG FT, TQ, HT Minimum 2.500 GPA required. Academic major considered. No

* Based upon funds available.

** Renewable if cumulative GPA is maintained at 3.5 or higher at the end of each semester of an academic year.

*** You must be enrolled at least half-time after the drop/add period for payment to be applied to your account.

****FT – full time, TQ – three-quarter time, HT – half time, LTHT – less than half time.