Financial Aid

Student financial aid consists of any source of funds available to students and their families to pay for the cost of ANY post-secondary education. 

Main types of aid:

The main sources of financial aid are:

  • Federal Government
  • State Government
  • Institutions (colleges & universities)
  • Private Sources (associations, foundations, employers, unions)

 

Financial Aid Calculator

Net price calculators are available on a college’s or university’s website and allow prospective students to enter information about themselves to find out what students like them paid to attend the institution in the previous year, after taking grants and scholarship aid into account.

Net Price

Net Price is the amount that a student pays to attend an institution in a single academic year AFTER subtracting scholarships and grants the student receives. Scholarships and grants are forms of financial aid that a student does not have to pay back.

External LinkSearch for a school's calculator at collegecost.ed.gov


 

Free Application for Federal Student Aid (FAFSA)

Most financial aid programs require a student to file the FAFSA annually. This is done electronically, via the link below, between October 1 and March 1 (to meet the State deadline).

External LinkFAFSA

Financial aid funding can be:

  • Merit-based: Designed to assist students who show merit in areas such as: academics,sports, leadership, music, art, dance, etc.
  • Need-based: Determined by completing the FAFSA. Students who demonstrate financial need based on the results of the FAFSA may be eligible to receive an award. 

CSS Profile

The following Michigan colleges, universities, and scholarship programs use CSS Profile as part of their financial aid process for some or all of their financial aid applicants in the populations listed below. Please check schools’ websites or contact the institution for more information.

External LinkCSS Profile

Federal Student Aid (FSA) ID

Prior to completeing the FAFSA, the student and at least one parent, must obtain a Federal Student Aid ID (FSA ID). This serves as a legal signature and confirms your identity. 

External LinkFSA ID

Gather Information

You can start the FAFSA, save it and come back later to finish it...but eventually, you will need the information below. 

  • Social Security Number
  • Driver's license number (if applicable)
  • Alien Registration Number
  • Federal Tax Information or Tax Returns
  • Records of untaxed information (child support, interest, veteran benefits, etc)
  • Record of assets (cash, savings, checking, stocks, bonds, real estate)
  • Up to 10 schools you are interested in attending

External LinkFollow the link here for questions about dependency

Complete the FAFSA

Submit the FAFSA, paying attention to deadlines, by: 

Get free assistance and answers at fafsa.gov or 1-800-4-FED-AID.
 

MiSSG

After completing the FAFSA, you should:

1. Create a MiSSG Student Portal account to complete aid program applications and monitor your eligibility status.

  • Their office awards the first college/university listed on your FAFSA. If you decide to attend a different institution, please update this in the MiSSG Student Portal or call 1-888-447-2687.

2. IF you scored 1200 or higher on the SAT, you may qualify for the Michigan Competitive Scholarship.

  • Confirm that your Social Security Number is in their system (Student Services can help you with that). 

3. IF you are a Senior, eligible for the Tuition Incentive Program (TIP), you must complete your application by August 31, 2021. 

  •  To check your TIP eligibility and complete an application, log into the MiSSG Student Portal or call 1-888-447-2687.

 

Award Letter

You’ll receive an aid offer from each college or career school you applied to and listed on your FAFSA, stating the amount of aid you could receive at the school.

Financial Aid Process FlowchartFinancial Aid Process Flowchart