Why Should You File the FAFSA?
October 21, 2022
Learn just how affordable it can be to earn your college degree
A college education is one of the first big investments most young adults make in their professional careers. And with all the talk surrounding student debt looming, it’s important to ensure that you choose a school that offers an education that fits into your budget and pays off in the long run — thankfully, our students graduate with the second-lowest amount of student loan debt and the second-highest average starting salary among 15 Michigan public universities.
Along your application process, you’re probably constantly reminded to file the Free Application for Federal Student Aid, more commonly referred to as the FAFSA. And though you might be experiencing application fatigue, this is an important one.
The FAFSA is an essential step in understanding how to make college affordable for you. Not only will you learn how much federal aid you qualify for, you’ll also discover scholarship opportunities and unique aid programs developed specifically by your colleges of choice. As a Dearborn Wolverine, filing the FAFSA can unlock a host of opportunities for financial support. Learn more about three of them here:
Go Blue Guarantee
For years, University of Michigan has demonstrated its commitment to academic excellence at an affordable rate for high-achieving students in need through the Go Blue Guarantee. Now, UM-Dearborn students are eligible, too! The Go Blue Guarantee promises free tuition for standout students from low-income households. First step? Complete the FAFSA to determine your financial need.
Scholarships
UM-Dearborn offers a range of scholarships, whether you’re a first-year student, transferring from another university or a graduate student pursuing your master’s degree. While most scholarships provide financial support to high-achieving students based on merit, many at our university still require you to file the FAFSA.
Work-Study
Securing employment on campus is a great way to earn money while earning your degree. It’s also a failsafe way to get to know university systems and meet fellow students whose interests align with your own. You guessed it — you’ll need to complete the FAFSA to determine whether you demonstrate the financial need to qualify for a federal Work Study program.
Learn more about the various types of aid available at UM-Dearborn. And when you’re ready, file your FAFSA to determine what you’re eligible for!