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)
Post-Secondary Funding Night
A post-secondary education, whether it be college or trade school, can be expensive. Learn about ways to decrease the burden via college savings, the FAFSA, scholarships and more by checking out our Post-Secondary Funding Night presentation video and slides below.
Learn more on our Financial Aid Page here
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 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.
Search 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).
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.
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.
Michigan residents can receive FREE college tuition at the following institutions, if they meet financial criteria. Visit the links to learn more.
- Albion College - Albion College Promise
- Central Michigan University (NEW program - info coming soon!)
- Eastern Michigan University - Education First Opportunity Scholarship
- Ferris State University - Ferris Launch
- Grand Valley State University - Grand Valley Pledge
- Michigan State University - Spartan Advantage Program
- Oakland University - Golden Grizzlies Tuition Guarantee
- University of Michigan - Go Blue Guarantee
2022-23 MI Student Virtual College Financial Aid Nights
Michigan's Student Aid team is hosting a number of Virtual College Financial Aid Nights on Tuesday evenings. Participants will be able to gather information on the following financial aid topics:
- FAFSA application information
- Federal financial aid programs
- State financial aid programs
- Scholarship searching resources
All sessions are free of charge and open to the public. Register via the link here for the date the works best for you!
FAFSA First Steps
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.
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
Follow 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.
FAFSA Next Steps
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 of your graduating year.
- To check your TIP eligibility and complete an application, log into the MiSSG Student Portal or call 1-888-447-2687.
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.
Review and compare your offers
- Decide which school to attend based on the school’s net cost and how well the school suits your needs
- Everything You Need to Know About Financial Aid Letters
Michigan Student Aid
Federal Student Aid
- Federal Student Aid Youtube Channel - videos covering Types of Aid, the FSA ID, the FAFSA and more!
22-23 FAFSA Deadlines
Check with the college(s) you are interested in attending. You may also want to ask your college about its definition of an application deadline - whether it is the date the college receives your FAFSA, or the date your FAFSA is processed.
FAFSA | STATE DEADLINE
Michigan - March 1, 2023 but many states have limited funds, so submit asap!
FAFSA | FEDERAL DEADLINE
Online applications must be submitted by June 30, 2024.