Walsh College participates in federal and state financial aid programs and offers scholarships based both on academic achievement and financial need. Policies, procedures, and regulations relating to these areas are published in the Walsh College Student Handbook.
Financial assistance is based upon the following criteria:
Financial Need – A student who demonstrates financial need as defined by the federal government may be eligible to receive financial assistance through federal, state, and/or institutional financial aid programs. These programs include grants, scholarships, and loans. A student must be enrolled on at least a half-time basis in order to receive federal and state grants and federal loans. A student who is enrolled less than half-time will have grants and/or loans for that term cancelled.
Financial Aid Eligibility – To be eligible for financial aid, a student must:
New students are also eligible to apply for scholarships. A limited number of scholarships are available . The scholarship application is available online at www.walshcollege.edu/scholarships.
Students who have received a financial aid offer may charge books and supplies from the Walsh College bookstore to their student accounts if they have completed the Walsh College Bookstore Authorization form, available at the time a financial aid offer is made. Walsh College participates in the following financial aid programs:
Federal Programs
State Programs
*FAFSA is required and should be submitted by March 1st for full consideration.
Undergraduate financial aid students concurrently enrolling at Walsh College and a community college during the same semester must contact the Financial Aid office to request a financial aid consortium agreement form.
A financial aid recipient who is a first-time borrower of the Federal Direct Subsidized and Unsubsidized Loan programs at Walsh College must complete the loan entrance counseling and must e-sign a Master Promissory Note. This counseling session and Master Promissory Note requirement can be completed online at www.studentaid.gov. This must be done before a request for a Direct Loan can be processed by Walsh College.
A financial aid recipient who has borrowed under the Federal Direct Subsidized or Unsubsidized programs must complete the loan exit counseling session. This counseling session requirement can be completed online at www.studentaid.gov or by individual appointment. The exit interview must be conducted shortly before the borrower ceases at least half-time enrollment.
Federal law requires Walsh College to determine the amount of Title IV financial aid a student earns if the student withdraws from or stops attending school. A student’s withdrawal date is the date the student began the withdrawal process or officially notified Walsh College of their intent to withdraw. If a student leaves without notification, otherwise known as an unofficial withdrawal, the midpoint of the term or the student’s last date of attendance at a documented academically related activity is used as the withdrawal date. A student who never begins attendance in all classes is considered not eligible for financial aid and all Title IV aid is returned to the appropriate originating agency.
The Title IV programs include and the return of aid is made in the following order:
Federal financial aid is “earned” directly in proportion to the number of days attended during the academic term. Walsh College must calculate the total amount of federal financial aid the student has earned and is entitled to keep up to the date of withdrawal.
The calculation of earned financial aid is derived from a formula mandated by the U.S. Department of Education. The portion of federal grants and loans a student is entitled to keep is calculated on a percentage basis by comparing the total number of days in the term (less any scheduled breaks of 5 consecutive days or more) to the number of days the student completed up to the withdrawal date. For example, if a student completes 30% of the semester, then 30% of the federal financial aid awarded is considered earned, and 70% of the scheduled awards must be returned.
If a student has already received more financial aid than earned, the unearned funds must be returned to the appropriate originating agency. When the date of withdrawal occurs after 60% of the term has elapsed, the student is considered to have earned 100% of aid, and no action is required. All unearned Title IV funds must be returned within 45 days of the date the school determined the student withdrew.
If a student did not receive all of the funds that were earned, the student may be due a post-withdrawal disbursement. If the student’s post-withdrawal disbursement includes loan funds, Walsh College must obtain the student’s permission before a disbursement can be made. Federal grants do not require permission from the student if the tuition and fees charges are greater than the federal grant to be disbursed.
If a post-withdrawal offer requires the student’s permission, a letter will be sent via the U.S. Postal Service. To receive a post withdrawal disbursement the student must accept the offer within the timeframe allowed in the post withdrawal letter. A post-withdrawal offer must be made within 30 days from the date the school determined the student withdrew.
It is the policy of the Financial Aid Office of Walsh College to provide financial assistance to students who remain in good academic standing and making satisfactory academic progress (SAP) toward their degree while receiving financial aid. Walsh’s SAP policy applies to all students, those receiving federal and/or state financial aid as well as those who do not. Walsh College evaluates each student’s academic progress at the end of each term in which the student is enrolled (fall, winter, spring, and summer).
In order to maintain satisfactory academic progress for financial aid eligibility while attending Walsh College, a student must meet both a Qualitative Factor and a Quantitative Factor described below.
Qualitative Factor
This is the cumulative grade point average a student must achieve in order to receive financial aid. A grade of A through D- is included in the cumulative GPA even if the grade is not an acceptable grade for the student’s program of study.
Quantitative Factor
This is the pace a student must progress through their program to ensure they will graduate within the maximum timeframe.
Undergraduate Students
Must have a cumulative grade point average at Walsh College of 2.000 or higher and must successfully complete 67% of their cumulative credits attempted. Undergraduate students must complete their degree within 150% of the length of the program. 120-127 semester credit hours are required for graduation.
Second Degree Undergraduate Students
Must have a cumulative grade point average at Walsh College of 2.000 or higher and must successfully complete 67% of their cumulative credits attempted. A degree audit will need to be performed by the Admissions Office to determine the credit hours required to complete the new degree. This will allow the Financial Aid Office to determine their maximum timeframe.
Graduate and Doctoral Students
Must have a cumulative grade point average at Walsh College of 3.000 or higher (MAC, MST and non-degree certificate programs students attending under a Walsh College Catalog prior to 2017 - 2018 must achieve a cumulative grade point average at Walsh College of 2.000 or higher). Graduate students must complete 50% of their coursework attempted and complete their degree requirements within 5 years or 20 semesters. Doctoral students must complete 50% of their coursework attempted and complete their degree requirements within 6 years or 24 semesters
Acceptable Status
A student who is meeting both qualitative and quantitative requirements above. A student with an acceptable status is eligible to receive the financial aid for which they qualify.
Warning Status
A student who does not meet both qualitative and quantitative requirements listed above will be placed on a warning status. Students are eligible to receive financial aid while on a warning status. Their progress will be reviewed at the end of the warning status semester and must meet the qualitative and quantitative factors above to continue receiving financial aid.
Unacceptable Status
A student who does not meet both qualitative and quantitative requirements at the end of their warning status semester will be placed on an unacceptable status. While on an unacceptable status a student is not eligible for financial aid.
Maxed Status
An undergraduate student who has attempted more than 150% of their program who is unable to complete their degree requirements within 5 years is no longer eligible for financial aid. A graduate student who is unable to complete their degree requirements within 5 years is no longer eligible for financial aid. A doctoral student who is unable to complete their degree requirements within 6 years is no longer eligible for financial aid.
A student who has lost financial aid eligibility due to an unacceptable status may appeal their status. Appeals should be based on circumstance beyond the student’s control such as, injury or illness, death of a relative, or other special circumstances. Documentation may be required. A student who wishes to appeal must complete a Satisfactory Academic Appeal Request Form. Other forms of appeal will not be accepted.
If the appeal is approved and the student can mathematically meet the minimum GPA and/or pace requirements will be placed on an Academic Plan by the Financial Aid office and eligible for one additional semester of aid. Students who still fail to meet the minimum GPA and/or pace requirements will lose additional aid eligibility until they meet the quantitative and qualitative requirements. Students who cannot mathematically meet the qualitative and quantitative standards in one semester will either be placed on an Academic Plan by the Financial Aid office or will have their appeal denied.
Undergraduate students who have attempted more than 150% of their program and graduate students who are unable to complete their degree requirements within 5 years (20 semesters) are no longer eligible for financial aid. They can appeal to the Financial Aid office and if approved, will be placed on an academic plan. The student will remain eligible for financial aid as long as the student meets the terms of the academic plan. If the student fails to meet the terms of the academic plan the student will no longer be eligible for financial aid for the remainder of their program.
Regaining Financial Aid Eligibility
A student who has lost financial aid eligibility due to SAP or has been denied an SAP appeal will be reviewed at the end of their next semester of enrollment at Walsh College. Their SAP status must be Acceptable to receive financial aid for which they qualify.
Transfer Credits
Transfer credits from other institutions at the time of the SAP review are included in both the attempted and completed credits. Transfer credits are also included in the 150% maximum timeframe. The cumulative grade point average is determined only with courses taken in residence at Walsh College.
Attempted Coursework
Withdrawals, earned F-grades, F-grades due to non-attendance (see Attendance Policy for Financial Aid), incomplete and NR coursework, retroactive drops, repeated courses, coursework removed from transcript due to clean slate and non-credit remedial coursework count as attempted coursework, and may cause a student to be placed on SAP status which could jeopardize future financial aid eligibility. Students who have a grade change or incomplete grade change after SAP has been determined must notify the Financial Aid Office from their Walsh College email to finaid@walshcollege.edu. Upon notification the student’s SAP will be recalculated to determine if the SAP status needs to be modified. The student will be notified of the outcome of the recalculation.
Change of Major
A student who decides to change majors will have all classes already taken count in the maximum timeframe.
Regular class attendance is required for students receiving financial aid. If a student fails to begin attendance or stops attending classes (unofficial withdrawal), financial aid may be reduced or cancelled.
At the end of each semester, students who fail to earn credit (F-grade) for coursework are reviewed. Students who receive an F-grade because they never attended class will have all financial aid cancelled. Students who receive an F-grade because they stopped attending class may have their financial aid reduced based on a Return to Title IV calculation. Students who earned an F-grade will not be affected by this policy. An F-grade may affect a student’s Financial Aid Satisfactory Academic Progress.
This policy applies to consortium students attending Walsh College and a community college. Attendance will be reviewed for courses at both schools to determine if the grades were caused by a failure to attend.
Scholarship and Merit Award Information
Walsh College has various donor scholarship awards available, with one scholarship application to be completed for consideration for all available donor scholarship opportunities. You must be a new admitted student to apply for donor scholarship opportunities.
Below you will find a list of Walsh College donor scholarship opportunities with criteria as outlined by the donor. Special consideration may be given to students with a minimum 3.500 grade point average. For new students, the scholarship grade point average is calculated based on all colleges previously attended.
Some scholarships may require financial need so as to maximize your chances of qualifying for a scholarship, you are encouraged to complete the FAFSA. Applicants who submit a scholarship application prior to the applicable scholarship application deadline date below are given first consideration by the scholarship committee. Applications received after the priority date and no later than the first day of the semester, may be considered if funding remains available. Applications received after the start of the semester will be considered late and are not reviewed for eligibility for that semester.
The number of qualified applicants for scholarships may be greater than the available funding. Not all qualified applicants will receive scholarships. The decisions of the scholarship committee are final.
Walsh College Merit Awards
To be considered for Walsh College undergraduate merit awards, new undergraduate students must apply and submit all admission materials. Undergraduate students meeting admission requirements will be considered. Graduate student merit awards may be considered if funding is available.
Undergraduate Academic Excellence Award • Awarded at admission to new undergraduate students with a 3.75 or higher admission grade point average calculated based on all previous colleges attended. • Up to $10,000 award prorated each semester based on enrollment. • Requires a minimum of part-time enrollment (6 undergraduate credits). • Must maintain a 3.50 cumulative GPA at Walsh College to renew award each semester.
Phi Theta Kappa Academic Excellence • Awarded at admission to new undergraduate students with a 3.75 or higher admission grade point average calculated based on all previous colleges attended. • Up to $10,000 award prorated each semester based on enrollment. • Requires a minimum of part-time enrollment (6 undergraduate credits). • Must maintain a 3.50 cumulative GPA at Walsh College to renew award each semester. • Must have been a Phi Theta Kappa member at transfer institution
Important Dates
To be considered for Walsh College donor scholarship awards, new admitted students must submit one scholarship application for consideration for any available donor scholarship opportunities. Current student scholarship awards may be considered if funding is available.
Below you will find a list of Walsh College donor scholarship opportunities. Special consideration may be given to students with a minimum 3.500 grade point average at admission calculated based on all colleges previously attended.
Some scholarships may require financial need and completing the FAFSA is encouraged to maximize your chances of qualifying for a scholarship. Applicants who submit a scholarship application prior to the applicable scholarship application deadline date below are given first consideration by the scholarship committee. Applications received after the priority date and no later than the first day of the semester, may be considered if funding remains available.
The following is a list of available scholarships funded by generous donors. To apply for scholarships, please complete the Walsh Scholarship Application at Scholarships | Walsh College. The number of qualified applicants for scholarships may be greater than the available funding. Not all qualified applicants will receive scholarships. The decisions of the scholarship committee are final.
Adele L. Caudill Memorial Scholarship American Association of University Women (AAUW) Birmingham Branch Foundation, Inc. Anthony S. Latella Endowed Scholarship Archie D. Waring Scholarship Arthur & Erika Strunk Endowed Scholarship Arthur & Rita Schmaltz Endowed Scholarship Arthur, Marguerite & Fred Kaufmann Endowed Scholarship AT&T/Leo F. Egan Endowed Scholarship Aubrey W. & Jeane F. Lee Endowed Scholarship Berger & Wild Scholarship The Bluewater Horizons Education Scholarship The Brian F. and Jean H. York Endowed Scholarship Carl W. McConkey Memorial Scholarship Chadwick Herman Rakusin, CPA Memorial Scholarhip Christine Potempa Endowed Scholarship Clayton & McKervey Endowed Scholarship Comerica Women & Minority Scholarship Cynthia Collins Memorial Scholarship Deloitte Foundation Endowed Scholarship DeRoy Testamentary Foundation Scholarship – Full Tuition Elizabeth Briggs Fisher Endowed Scholarship Ernest Shaw Memorial Scholarship The Firman & Rhoda Hass Endowed Scholarship The Francine Parker Legacy Scholarship Frank & Helen Gofrank Endowed Scholarship Frank & Judith Borschke Scholarship Fred & Barbara Erb Endowed Scholarship for Online Learning George R. Waltensperger Memorial Scholarship Golf Classic Annual Scholarship Golf Classic Endowed Scholarship Gordon Advisors Endowed Scholarship H. Theordore Hoffman Memorial Scholarship H.W. Kaufman Endowed Scholarship The Herbert & Elsa Ponting Foundation Scholarship Janet Wojtowicz Endowed Memorial Scholarship Jeffrey W. Barry Endowed Scholarship Jeffrey C. Littmann Endowed Scholarship JPMorgan Chase Minority Scholarship Judith L. Radtka Memorial Scholarship Kevin J. Carmody Endowed Scholarship Kulkarni International Student Scholarship Leadership Awards Scholarship Leo R. Hagan Legacy Scholarship Louis and Mary Schmidt Endowed Scholarship Margaret and Donald Schafer Memorial Endowed Scholarship The Marjorie & Maxwell Jospey Endowed Scholarship The Mark R. Solomon Endowed Scholarship Mary and Paul Glantz Endowed Scholarship MASCO Corporation Foundation Scholarship Moore Family Endowed Scholarship Morris A. Wattles Memorial Scholarship M.T. Walsh Endowed Scholarship Nancy and Steven Harms Annual Scholarship The Neal F. and Esther Zalenko Endowed Scholarship Paul P. Baker Endowed Scholarship Pearson Endowed Scholarship The Petoskey Family Scholarship Fund Phi Theta Kappa (PTK) Scholarship Plotzke Family Endowed Scholarship in Memory of Ilene Plotzke Rady Endowed Scholarship Ralph C. Wilson, Jr. Endowed Scholarship Rehmann Endowed Scholarship in Honor of Norman C. Perrin Richard D. Berschback Endowed Scholarship Robinson-Coleman Endowed Scholarship for Veterans Rosemarie and Michael McKay Endowed Scholarship Sarah Lou Simpson Scholarship Silverman Endowed Scholarship Stephanie W. Bergeron Endowed Scholarship Tax Executives Institute – Detroit Scholarship Program Timothy & Sandra Moore Endowed Scholarship Thomas R. Johnson Endowed Scholarship The Thomas F. McNulty Endowed Scholarship for Student Leaders Tom Walsh Annual Scholarship, created by the Ford Motor Company Fund Tower Scholarship W. Margaret Walsh Endowed Scholarship Walsh Alumni Association Scholarship Walsh Employee Scholarship Walsh Executive Officer Scholarship Walsh Minority Scholarship Walsh Student Government Scholarship Walter P. Rinkus Memorial Scholarship for Veterans William C. Roney Sr. Endowed Scholarship