News & Information
Welcome to the Office of Financial Aid homepage. Here you will find information on scholarships, grants, loans, and work study.
The Biggest Change to the FAFSA process in 10 years!!!
Beginning October 1, 2016, students and their families can complete the FAFSA for 2017-2018.You ask "How can I do that without 2016 income information?" The change isn't just when you can apply, but the year that you use will be 2015,so it is the same income information that you used in the 2016-2017 academic application.
How does this help me?
- You are able to complete the FAFSA with 2015 income information which has been completed and been processed by the IRS. When is the last time your income information was available BEFORE you completed the FAFSA?
- You will use current household size and number in college, assets, and status questions (you will still be independent if you turn 24 in 2017.)
- You should be able to use the Data Retrieval Transfer in the FAFSA to transfer income reported to the IRS. The U.S. Department of Education views this as the most accurate way to report income.
- Don't forget to report untaxed income, special expenses or types of income that are recorded on a tax return.
- College Students and Parents: What You Need to Know About the 2017-2018 FAFSA.
Why is this being done?
There are so many potentially eligible students who don't file a FAFSA because many people find the process stressful or hard to do. If you extend the time to apply for financial aid (and get a head start) and make it easier to apply by using older information, it is hoped that more of these students will apply and be able to attend a college.
Apply On Time
The FAFSA application cycle opened October 1, 2016 for the 2017-2018 academic year, you can apply now! It is important to remember that while you will report current household size, number in college, and assets, all of the income information will be based on 2015. The priority deadline for UM-Dearborn Grant is January 1, 2017. For additional help, read through What Data Do Applicants Provide on the FAFSA--it is much more helpful that it sounds.