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The President’s Award is granted to non-Michigan resident high school seniors with at least a 2.75 (on a 4.0 scale) grade point average and to non-Michigan resident transfer students who have earned 30 or more credit hours with a cumulative GPA of at least 2.75 (on a 4.0 scale) and who enroll directly at Central Michigan University as full-time, on-campus students. The value of the award is equal to the difference between in-state and out-of-state tuition for the academic year. The award is renewable for new freshmen for three additional consecutive years if a 2.5 cumulative GPA, non-Michigan residency and full-time continuous enrollment are maintained and for new transfer students for up to two additional consecutive years if a 2.5 cumulative GPA, non-Michigan residency and full-time continuous enrollment are maintained. All students must complete 30 new credit hours for the academic year (excluding the summer session). Participation in the Legacy Program replaces this award.