Borrowers may choose a fixed interest rate or a variable rate. Both options allow for a 15 year repayment period. Michigan Competitive Scholarship. Michigan Tuition Grant. Michigan residents who plan to attend an eligible private, non-profit Michigan institution may apply for a Michigan Tuition Grant.
Early application is recommended.
The Saint Mary's Scholar is a competitive scholarship awarded annually to high school students from among applicants who meet the award criteria. Award recipients will receive a full tuition scholarship. Applicants must have a minimum high school G.P.A. of 3.75, a minimum composite score of 27 on the ACT, and the recommendation of their high school counselor. The scholarship will be renewable for four years of study provided the student maintains an overall grade point average of 3.50. The application deadline is April 30.