Need-Based Aid
Cranbrook Academy of Art Need-Based Grants
Cranbrook Academy of Art Need-Based Grants are awarded to students who demonstrate financial need based on the information collected on the FAFSA; not all students who file a FAFSA will receive a need based grant. These grants are renewable provided they file a FAFSA for the following year and maintain eligibility for federal financial aid. Students may receive a need based grant for a maximum of four semesters.
Cranbrook Academy of Art Need-Based Grants are awarded to students who demonstrate financial need based on the information collected on the FAFSA; not all students who file a FAFSA will receive a need based grant. These grants are renewable provided they file a FAFSA for the following year and maintain eligibility for federal financial aid. Students may receive a need based grant for a maximum of four semesters.
Federal Direct Unsubsidized Student Loans
Federal Direct Unsubsidized Student Loans require the completion of a FAFSA but are not awarded on the basis of need. They are guaranteed, meaning that if you are offered this loan and complete the necessary form and steps, you will receive the loan. Eligible students may borrow up to $20,500 in a Federal Direct Unsubsidized Loan each year. Click Applying for Federal Loans for detailed instructions.
Federal Direct Unsubsidized Student Loans require the completion of a FAFSA but are not awarded on the basis of need. They are guaranteed, meaning that if you are offered this loan and complete the necessary form and steps, you will receive the loan. Eligible students may borrow up to $20,500 in a Federal Direct Unsubsidized Loan each year. Click Applying for Federal Loans for detailed instructions.
Federal Direct Graduate PLUS Loans
Federal Direct Graduate PLUS Loans require the completion of a FAFSA but are not awarded on the basis of need. Eligible students may borrow a Federal Direct Graduate PLUS Loan to bridge the gap between available aid and the total cost of attendance. This loan is not “guaranteed;” a credit check is involved. For information about the credit requirements, please click here. Students whose Graduate PLUS loan applications are denied based on their credit may appeal or obtain a creditworthy endorser. Click Applying for Federal Loans for detailed instructions.
Federal Direct Graduate PLUS Loans require the completion of a FAFSA but are not awarded on the basis of need. Eligible students may borrow a Federal Direct Graduate PLUS Loan to bridge the gap between available aid and the total cost of attendance. This loan is not “guaranteed;” a credit check is involved. For information about the credit requirements, please click here. Students whose Graduate PLUS loan applications are denied based on their credit may appeal or obtain a creditworthy endorser. Click Applying for Federal Loans for detailed instructions.
Federal Work Study (FWS)
Students may apply for employment in a FWS position and earn money for hours worked. Visit the Applying for Federal Work Study page for detailed instructions.
Students may apply for employment in a FWS position and earn money for hours worked. Visit the Applying for Federal Work Study page for detailed instructions.