Types of Financial Aid: Federal and State

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FAFSA (Free Application for Federal Student Aid)

What it is: The main application for federal, state, and many GRCC financial aid programs. Completing the FAFSA is the first step for most aid.

Who it’s for: All students seeking financial aid, including grants, scholarships, and some work-study jobs.

How to apply:

  • Complete the FAFSA online at studentaid.gov each academic year.
  • Use GRCC’s school code when submitting your form.
  • Submit early for the best chance at maximum aid.

Pell Grant

What it is: Federal grant money that does not have to be repaid. Amounts vary based on financial need and enrollment level.

Who it’s for: Students with financial need who have not yet earned a bachelor’s degree.

How to apply: Submit the FAFSA. Pell Grant eligibility is determined automatically.

Michigan Reconnect

What it is: A state program that pays the in-district tuition rate for eligible Michigan residents age 21 and older without a college degree.

Who it’s for: In-district Michigan residents meeting the program’s age, residency, and education requirements.

How to apply:

  • Complete the Michigan Reconnect application on the state’s website.
  • Submit the FAFSA and list GRCC as your school.

Tuition Incentive Program (TIP)

What it is: State-funded tuition assistance for students who received Medicaid benefits for 24 months within a 36-month period as a child.

Who it’s for: Eligible Michigan residents who meet TIP requirements.

How to apply:

  • The state will notify you if you are eligible.
  • Submit the FAFSA and confirm TIP status with GRCC Financial Aid.

GRCC Scholarships

What they are: Funds from the GRCC Foundation and other donors to help pay for tuition, fees, and sometimes books. These do not need to be repaid.

Who they’re for: Students who meet the specific scholarship’s criteria (such as program of study, GPA, or financial need).

How to apply: Submit the GRCC scholarship application through the GRCC Foundation website each year.

How This Works With FutureTech Aid

Federal and state aid are applied first. FutureTech aid is then applied as “last-dollar” funding to cover any remaining tuition balance.

This means:

  1. Federal aid (like Pell) is applied first.
  2. State aid (like Michigan Reconnect or TIP) comes next.
  3. If a balance remains, FutureTech aid may cover the gap.

Example (not actual numbers):

  • Tuition: $4,000
  • Pell Grant (federal aid): $2,000
  • Michigan Reconnect (state aid): $1,500
  • Gap left: $500 → covered by FutureTech aid

What is Last Dollar Aid?

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Last Dollar Aid is a type of gap funding. It helps pay the remaining tuition and fees after other financial aid has been applied. It is called “last dollar” because it is the final funding added to close the gap.

Who qualifies:

  • Students who complete the FAFSA
  • Students eligible for federal aid
  • Students who still have tuition costs remaining after federal, state, and GRCC aid are applied

Need Help Applying?

Contact the GRCC Financial Aid Office for assistance with FAFSA, Pell, TIP, MiReconnect, and scholarships.