ב"ה MICHIGAN JEWISH INSTITUTE Policy and Procedure Manual Functional Area: Title: STUDENT REQUESTS Policy No. SR 2285 Judaic Studies Scholarship Program Effective Date: August 15, 2005 Page No. 1 of 6 GENERAL PURPOSE: This policy is intended to provide a process and procedure that will insure the fair and equitable distribution of defined scholarship funds and/or materials as they may be available to Michigan Resident students who have registered in one of MJI’s Judaic Studies programs. BACKGROUND/POLICY: It is the policy of MJI that this policy and procedure be administered fairly, uniformly and consistently to Judaic Studies students seeking Bachelors of Applied Sciences degrees. Eligibility for continuing scholarships will be dependent on meeting current Satisfactory Academic Progress (SAP) norms as published annually in the MJI Academic Catalog. PROCESS: In preparation for each new academic year, MJI may identify or otherwise obtain certain monies for the provision of scholarship funds and materials to students accepted into or continuing to study in one or more of MJI’s Judaic Studies (JS) concentrations. All JS scholarships are awarded after an evaluation of several financial need indicators including access to other scholarship programs and financial aid and on a “first come – first served” basis until the JS scholarship funds and materials identified for the year are exhausted. At the time this policy was created, MJI determined that a full JS scholarship for JS declared students would be arrayed for those students taking a minimum of six credits each semester as follows: 1. Tuition Grants: Each semester of the scholarship award and until exhausted by a first come first served basis, the first third (33.33%) of all tuitions remaining and due (after all other awards and aid have been applied) will be paid for via the JS Revised: June 2008 Printed: 2/11/2013 ב"ה MICHIGAN JEWISH INSTITUTE Policy and Procedure Manual Functional Area: Title: STUDENT REQUESTS Policy No. SR 2285 Judaic Studies Scholarship Program Effective Date: August 15, 2005 Page No. 2 of 6 scholarship fund. 2. Tuition Deferment: Each semester of the scholarship award and until exhausted by a first come first serve basis, the second 33.33% of all tuitions due after any other financial aid is applied will be deferred, interest free, to JS students by the JS scholarship fund. If at any time before graduation any JS student severs their academic relationship with MJI, these deferments will be indefinitely placed in an inactive account. Contra wise, If at any time during the current matriculation or future MJI matriculations the student is qualified for and applies for the awarding of the MJI BAS degree, the student will be obligated to pay the deferred amounts owing. Students whose financial circumstances change and therefore wishing to pay of all or part of these deferments prior to graduation may do so with no penalty. No degree will be awarded and no official transcripts will be issued until these deferments are fully paid. 3. Student Tuition Obligations: Students awarded JS scholarships will be responsible for payment of the final 33.33% of tuition balances and any necessary course materials, such as textbooks. Students are expected to register for courses and pay this amount before their scholarship application will be considered. Should a student withdraw entirely from the program before the first day of classes, any tuition paid by the student will be fully refunded. Thereafter, refunds will be determined by the refund policy described in the current MJI Academic Catalog. Scholarship Examples: Student A registers for 6 credits and has no other financial aid available. Based on a per credit fee of $320.00 or $1,920 in tuition fees for the semester: Revised: June 2008 Printed: 2/11/2013 ב"ה MICHIGAN JEWISH INSTITUTE Policy and Procedure Manual Functional Area: Title: STUDENT REQUESTS Policy No. SR 2285 Judaic Studies Scholarship Program Effective Date: August 15, 2005 Page No. 3 of 6 JS Tuition Grant pays $640 JS Tuition Deferment pays $640 Student Pays $640 for six college credits Student B registers for 12 credits and has $2,400 in other financial aid available. Based on a per credit fee of $320.00 or $3,840 in tuition fees for the semester, with a balance due of $1,440 after other aid: JS Tuition Grant pays $480 (33.33% of $1,440) JS Tuition Deferment pays $480 Student Pays $480 for twelve college credits Students requesting a JS scholarship and being awarded one will be asked to sign a statement indicating that they have received, read, understood and agreed to this JS scholarship policy. This signed agreement will become part of the student’s permanent financial record at MJI. A copy of this agreement is attached along with copies of other JS scholarship application materials. AUTHORIZATIONS: (at least one signature is necessary to enact this policy/procedure) _______________________________ President Revised: June 2008 ______________________________ Dean Of Academic Administration Printed: 2/11/2013 ב"ה JUDAIC STUDIES SCHOLARSHIP PROGRAM STUDENT ACKNOWLEDGEMENT of POLICY RECEIPT and AGREEMENT I hereby acknowledge that I have received a copy of the MJI Policy regarding the Judaic Studies Scholarship Program, as attached hereto. Further, I have completely read, understood and agreed to all the conditions of the scholarship program and any deferred tuition repayment obligations I may have under the terms of the scholarship program. Namely, at such a time that I should be academically qualified for and seek the awarding of a MJI BAS degree, all tuition deferments under this Judaic Studies scholarship program will become due. I understand that no diploma will be awarded and no official transcripts will be issued by MJI until such time as these deferments are repaid to MJI. Sign>_________________________ Sign>______________________ By: print name here >>_________________________ By: print name here >>_____________________ For: Michigan Jewish Institute The Student Witnessed by x_____________________________ print name here >> ___________________ _____________________ Date For office use: One originally signed copy with policy attached, to student’s financial record: ___ One originally signed copy with policy attached, to student: ___ ב"ה Accredited Member, A.C.I.C.S. <CURRENT DATE> Dear Student: Thank you for participating in the MJI Judaic Studies program. A MJI Judaic Studies Scholarship Application is enclosed. To be considered for scholarship funding toward one-third of your course tuition due, you must complete and return this form to my attention at Michigan Jewish Institute no later than <DEADLINE DATE>. Please mail or fax the completed and signed form to MJI 248 414-6907. We will then contact you with a confirmation of acceptance. PLEASE NOTE: Payment of at least one-third of the enclosed invoice amount is required before we will consider your scholarship application. Payment with Visa or MasterCard will be accepted. Contact Ms. Rebecca Peters at (248) 414-6900, ext. 107 or Ms. Fran Herman at (248) 414-6900, ext. 102 to arrange payment. Supplementary student financial aid from Michigan Jewish Institute in the form of a zero-interest deferment is available toward an additional one-third of your course tuition due. This tuition deferment is open-ended and must be repaid only upon graduation from MJI. (All student records will be on hold while there is an outstanding deferment balance on your student account.) Please indicate on the enclosed MJI Judaic Studies Scholarship Application your request for the supplementary zero-interest deferment. We look forward to your continued participation in MJI’s Judaic Studies program. Sincerely, Student Accounts ב"ה Accredited Member, A.C.I.C.S. Judaic Studies Scholarship and MJI Student Financial Aid* Application Independent Scholarship – Lubavitch Foundation Supplemental MJI Zero-Interest Student Deferment CONFIDENTIAL Important: All information requested below must be provided for financial consideration. Personal Information 1. Name _________________________________________ 2. Male Female Last First Middle 3. Date of Birth _______/_______/_______ 4. Soc. Security # ______________________ 5. Local Address __________________________________________________________________________ Number Street __________________________________________________________________________ City State Zip County 7. Home Phone _______________ Work Phone ________________ email _______________ 8. Are you an enrolled MJI Judaic Studies program student? YES NO If NO, please complete an Application for Admission and all requirements listed therein. * YOU MUST COMPLETE A FEDERAL APPLICATION FOR STUDENT FINANCIAL AID (FAFSA) form to be considered for eligibility in governmental and other student financial aid and scholarship programs. Lubavitch Foundation Independent Scholarship I am applying for a scholarship grant equal to 1/3 of my out-of pocket course tuition costs. Signed: __________________________________ Dated: _________________ MJI Supplemental Zero-Interest Student Deferment I am applying for Michigan Jewish Institute’s supplemental zero-interest tuition deferment toward 1/3 of my out-of pocket course tuition costs. I understand that this deferment must be repaid before I receive a degree from Michigan Jewish Institute. I also understand all student records will be on hold while there is an outstanding balance from these deferments on my student account. MJI will only attempt to collect the deferment balance if I request an official transcript or if I apply to graduate. Signed: ___________________________________ Dated: __________________