OU offers and renews awards at its sole and absolute discretion; offers and renewals are contingent upon the availability of funds and continuation of the programs.
King-Chavez-Parks Future Faculty Fellowship
The King-Chavez-Parks Future Faculty Fellowship Program (KCP) was established in 1986 by the Michigan State Legislature. The purpose of the program is to increase the pool of traditionally underrepresented candidates pursuing faculty teaching careers in postsecondary education. Preference will not be given to applicants on the basis of race, color, ethnicity, sex, or national origin. Applications from women, men, people with disabilities, and individuals from cultural, linguistic, geographic, and socio-economic backgrounds who would otherwise not adequately be represented in the graduate student and faculty populations are encouraged to apply.
The KCP Fellowships are funded from an annual State of Michigan appropriation to Oakland University. Graduate Study and Lifelong Learning holds a competition for KCP awards and provides recipients with financial assistance to pursue master's and/or doctoral degrees. A master's recipient can receive a maximum stipend of $20,000, and a doctoral fellow can receive a maximum stipend of $35,000.
The tuition for KCP fellows is paid by Graduate Study and Lifelong Learning as long as the recipient
- remains in good academic standing,
- enrolls for a minimum of 16 credit hours each calendar year, and
- enrolls in courses that satisfy degree requirements.
Awarded Fellows must file a request for tuition reduction each term they are enrolled.
The King-Chavez-Parks Future Faculty Fellowship Program is administered by Graduate Study and Lifelong Learning with the support of the Michigan Department of Labor and Economic Growth, King-Chavez-Parks Initiative.
To be eligible for this Fellowship, a candidate must:
- be admitted into an Oakland University graduate degree program that facilitates a career in postsecondary education;
- be a U.S. citizen or permanent resident;
- be a Michigan resident as defined by Oakland University;
- be in good academic standing as defined by Oakland University;
- not be a current recipient of a KCP Fellowship Award at another institution;
- not have received another KCP Fellowship Award for the same degree level (master's or doctorate); possession of a doctoral degree disqualifies a candidate from holding a KCP Fellowship;
- not currently be in default status on any guaranteed student loan and/or a KCP loan
Eligible students who are enrolled currently or admitted into a graduate degree program at Oakland University may complete the application and submit it, along with supporting documents by the December 12 deadline date. The complete Fellowship application is composed of the following six parts:
- KCP application form
- Two recommendation forms (PDF) which should be current and speak to the Fellowship;.
- A letter from the academic program coordinator or department chair indicating the student will satisfactorily complete the intended degree in a reasonable time. For students admitted to master's programs with the expectation of completing the doctorate at Oakland University or at another Michigan university, this letter must also address the likelihood of the student being admitted to such a doctoral program;
- A personal statement which indicates the applicant's academic and career goals are in postsecondary education;
- A resume or curriculum vitae - a brief statement of the applicant's educational and scholarly achievements.
Application must be complete in order to be reviewed.
SUBMIT ALL PARTS OF THE APPLICATION TO:
KCP Fellowship Award
Graduate Study and Lifelong Learning
520 O'Dowd Hall
Rochester, MI 48309
|SELECTION AND AWARD
A selection committee reviews applications annually and recommends the candidates to receive the award to the executive director of Graduate Study and Lifelong Learning. Selections are made on a competitive basis using criteria that include academic performance, research accomplishments and potential, recommendation letters, and the personal statement. Fellowship decisions are not subject to appeal.
Award notifications will be sent by mail no later than end of April.
|CONDITIONS FOR ACCEPTANCE
Future Faculty Fellows agree to complete a master's degree within four years and a doctoral degree within eight years of receiving the Fellowship, and are obligated, by signed agreement, to remain in postsecondary faculty teaching or administration in a public or private, 2- or 4-year, in-state or out-of-state postsecondary institution for a minimum of three years equivalent full-time.
Fellows who do not fulfill the teaching and/or other obligations of their fellowship agreement may be placed in Default, which results in their fellowship converting to a loan (referred to as a KCP Loan) that the Fellow repays to the State of Michigan.
Contact Graduate Study and Lifelong Learning at (248) 370-4052 if you have additional questions.
Federal Student aid comes from the U.S. Department of Education as a result of filing a FAFSA. There are three categories of federal aid:
Federal Traineeship Grants:
The School of Nursing
applies each year for Federal Traineeship Grants. Funds for the traineeship come from the Bureau of Health Professions, Health Resources and Services Administration (HRSA). The purpose is to support traineeships for licensed registered nurses enrolled as full-time graduate students, first-year Nurse Anesthesia students, part-time students in the last 12 months of their program, or full-time students beyond the twelfth month of study in a master’s nurse anesthesia program.
The Federal TEACH Grant:
Offered to students in a master’s degree program which leads toward teaching. The Teacher Education Assistance for College and Higher Education (TEACH) Grant Program provides $4,000 in annual grant. The maximum cumulative award is $8,000 (two years). Less than full time students have the same cumulative maximum, but have prorated annual awards. Candidates must agree to serve as full-time teachers at certain schools serving low-income students, and teach subjects within certain high-need fields (foreign language, mathematics, reading specialist, science, special education) for at least four academic years within eight years of completing the course of study for which the grant was received. If a grant recipient does not fulfill the teaching obligation, the TEACH grant funds convert to a Direct unsubsidized loan that must be repaid with interest. Requires completion of the FAFSA.
Available to graduate and undergraduate students, work-study awards are wages that can be earned through a campus job and does not have to be repaid. Funds are limited and awarded on a first-come, first-served basis according to a student's financial need. Visit www.OUCareerLink.com
to search and apply for student employment positions.
A graduate student can receive a Federal Unsubsidized loan without a co-signer. To view annual and aggregate loan limits, visit the loans page
on the Federal Student Aid website. .
Graduate students are able to apply for a Federal Direct Graduate PLUS loan. The Graduate PLUS loan is approved or denied based on the graduate student's credit. An online application is available at www.studentloans.gov
. For information regarding interest rates and repayment terms, visit the PLUS loans page on the Federal Student Aid website.
How you finance your education is a choice that will impact your life for years after graduation. Choose loan programs you can live with long term. Government loan programs usually offer lower interest rates and more flexible repayment plans than most private/alternative loans. Maximize your borrowing from all federal loans before considering supplemental funds from a private loan.
The limit on a private loan is equal to the cost of education minus other awarded financial aid.
Students are encouraged to apply for private scholarships through foundations, social and religious organizations, employers, and private donors. Create a profile at Big Future
to search and apply for private scholarships. Below are additional private scholarships for which students may apply.
Automotive Women's Alliance Foundation Scholarship: Scholarships are awarded quarterly to female, North American citizens, with a passion for a career or advancement in automotive and related industries. For more information and to apply, click here.
Application Deadline: varies
Boomer Benefits Scholarship: A $1000 scholarship is available to an adult student 50 years or older, currently enrolled in an undergraduate or graduate program, with a minimum 3.0 GPA. For more information and to apply, click here.
Application Deadline: August 15, 2014.
Bridgat Scholarship: Four scholarships valued up to $6,500 will be given to students who demonstrate excellent academic performance and leadership in cross cultural activities. For more information and to apply, click here.
Application Deadline: December 31, 2014.
Buckfire & Buckfire Disability Scholarship Program
: A $1000 scholarship will be awarded to a student who is a U.S. Citizen enrolled at an accredited university within the U.S., has a disability diagnosis, a minimum 3.0 GPA, and has completed one semester of classes at a university. For more information and to apply, click here
Application Deadline: December 1, 2014.
Cliffside Malibu Scholarship: Three scholarships with a total value of $18,500 are given annually to students who submit the best work in one of four categories: video, design, research, or programming. For more information and to apply, click here.
Application Deadline: varies per semester.
Classic Diamond House Scholarship
: A $1000 scholarship is given annually to the student who submits the most compelling essay about diamonds. For more information and to apply, click here
Application Deadline: May 15, annually.
Congressional Black Caucus Foundation Scholarships
: A number of scholarships offered by the CBC Foundation are available for application. For more information and to apply, click here
Application Deadlines: varies
Create A Greeting Card Scholarship: One $10,000 scholarship will be offered to a student seeking a college degree who submits a unique photo, piece of artwork, or computer graphic for the front of a greeting card.. For more information and to apply, click here.
Application Deadline: February 18, 2015.
Double D Trailers Scholarship: One $500 scholarship will be offered to a student seeking a college degree who demonstrate an interest in horses through ownership or involvement in equine organizations and activities. For more information and to apply, click here.
Application Deadline: May 1, annually.
Double D Trailers Scholarship: One $5000 scholarship will be offered to an undergraduate or graduate student pursuing an engineering design degree. For more information and to apply, click here.
Application Deadline: May 1, annually.
One $2000 scholarship will be awarded to a college student who best writes essays regarding use of the internet to further personal education and how he or she plans to use the internet professionally. For more information and to apply, click here
Application Deadline: August 10, 2014.
Goedeker's Scholarships: One $500 scholarship and two $100 scholarships will be given to the students with the best essay. For more information and to apply, click here.
Application Deadline: July 31, 2014.
I'm In Scholarship: One $1000 scholarship will be given to the student with the best essay regarding coupons and their influence on purchasing decisions. For more information and to apply, click here.
Application Deadline: December 31, 2014.
Interior Deluxe Scholarship
: One $1500 scholarship will be awarded to the undergraduate or graduate student who best answers the application essay questions. For more information and to apply, click here
Application Deadline: October 15, 2014.
MesotheliomaHelp.org Scholarship: Ten different scholarships will be awarded to students who produce the best essay for the purpose of increasing education and awareness of mesothelioma. For more information and to apply, click here.
Application Deadline: October 7, 2014.
: One $1500 scholarship will be awarded to the student who makes the best video marketing Mhelpdesk to potential clients. For more information and to apply, click here
Application Deadline: December 15, 2014.
Perfect Patients Scholarship: A $500 scholarship will be awarded to the student with the most unique, well-written marketing strategy. For more information and to apply, click here.
Application Deadline: August 15, 2014.
Rand Marketing Website Design Scholarship
: One $1000 scholarship will be offered to an undergraduate or graduate student who demonstrates a passion for design through an essay and creative submission. For more information and to apply, click here
Application Deadline: August 5, 2014.
Senior Care Innovation Scholarship: A Place for Mom offers a $1000 scholarship to an undergraduate or graduate student enrolled in a nursing, social science, or medical program who is planning to work with senior citizens. For more information and to apply, click here.
Application Deadline: April 15, 2015.
Storage.com Scholarship: Parents and students are able to apply for a $2500 scholarship by submitting a 250-400 word essay and sharing it socially through various means of promotion. For more information and to apply, click here.
Application Deadline: July 31, 2014.
White Buffalo Club Scholarship: Awarded to one student annually in the amount of $500, applicants are challenged to write a unique creative essay of a minimum 700 words on Jackson Hole, Wyoming to attract tourists to visit and vacation in the area. For more information and to apply, click here.
Application Deadline: 12:00 PM, August 15, annually.
A number of banks and lending institutions offer private loan funding to assist students with the cost of education. A co-signer may be required, depending on the student's credit history and credit worthiness. Borrow wisely and compare lenders to make a smart long term choice. Be wary of private loan offers which discourage you from working with your financial aid office, offer introductory rates, do not tie the loan interest rate to a fixed percentage of LIBOR or PRIME rate, or claim that you can apply and receive money immediately. OU will certify a private loan from any private lender. Many private loan options are available. Students can find lenders on websites such as Student Lending Analytics.
Consider these factors when shopping for a lender:
- Undergraduate, Graduate, Professional Development, Certification
- Satisfactory Academic Progress (SAP)
- Enrollment Requirements – ie., less than half-time
- International Students
- With or without a co-borrower (co-signer)
- Interest adjusted when and how
- Origination fees and other charges
- Late fees
- Direct Debit
- Co-borrower release
- Graduation reward
- When does repayment begin?
- Can principal and interest be deferred?
- When is interest capitalized?
- Maximum repayment period
- Minimum loan amount
- Annual and aggregate loan limits
- Allow loans for past balances (if applicable)
- Responsive customer service
- Student focused
Consolidation loans combine several loans, with various repayment schedules, into one loan, requiring you to make only one monthly payment. The interest rate on a consolidation loan also may be lower than what you're currently paying on one or more of your loans. Student borrowers with at least one Federal Direct Loan may wish to consider a Direct Consolidation Loan