Financial Aid Tips and Resources
Federal and State Resources 2020-21
Financial Aid Presentation for Seniors & their Parents
Wednesday, Sep. 23rd, 2-3pm
This is an online event.
Presentation link: https://oakland.webex.com/meet/mdl_ashe
Recorded Financial Aid presentation titled Financing your Education Beyond High School: https://www.youtube.com/watch?time_continue=907&v=LA1OBfxizsA
Check out OU's financial aid services whether you are intending to attend OU or not. They have great financial aid services to provide all including presentations and individual FAFSA meetings.
FEDERAL AID INFORMATION
- You don't have to pay for assistance to find assistance! Please checkout http://www.studentaid.gov for more information on financial aid and assistance.
- Federal Student Aid is money that helps a student pay for their education.
- Families may file a FAFSA starting October 1 of the student's senior year. FAFSA application is located at http://www.fafsa.gov
- Types of Aid
- Grants: money you don't have to pay back
- Loans: money loaned must be repaid with interest
- Work-study: money earned by student through a job on campus while attending the school
- For details about federal aid program, including maximum annual amounts and loan interest visit http://www.studentaid.gov/types
- Questions or need assistance 1-800-4-FED-AID
and an overview of college costs at http://www.collegecost.ed.gov
6. FAFSA TIPS:
- Both parents and students should create an FSA ID and make sure to save this in a safe but accessible place for later use. https://fsaid.ed.gov/npas/index.htm
- Use 'SAVE KEY' to access application to update in more than one time frame within the same file year.
- Gather the documents needed to apply https://studentaid.ed.gov/sa/fafsa/filling-out
Creating a FSA ID
Completing a FAFSA ( Free Application For Federal Student Aid)
Finding Money In Michigan
Michigan Financial Aid Programs at a glance. See full details at http://www.michigan.gov/ssg
- Tuition Incentive Program: TIP-largest state program. Student must have received medicaid coverage for 24 months within a 36-month period between the ages of 9 and high school graduation. See TIP video https://www.youtube.com/watch?v=WZyu3zyjMN8. Toll free number for questions. 1-888-447-2687
- Michigan Competitive Scholarship: must have at least a 1200 on the SAT, submit FAFSA and demonstrates financial need at a Michigan college and list the the college your plan to attend on the FAFSA first on the application.
- Michigan Tuition Grant: based on first college listed.
- Fostering Future Scholarship:eligible foster youth in foster care after the 13th birthday.
- Child of Veteran's: child of Michigan veteran who it totally and permanently disabled, decreased, or missing in action.
- Police Officer and Fire Fighter's Survivor: child of Michigan police officer's and firefighter's killed in line of duty.
- Michigan Nursing Scholarship: non-need award available to Michigan residents enrolled at least half time at an eligible institution in a program leading to a LPN, ADN, BSN, MSN.
50% of scholarships are available to student already in college. So scholarships search and exploration does NOT end after senior year.
1. Explore Scholarships through the colleges and universities you are considering.
Join their mailing list, check their financial aid and scholarship webpages, ask about scholarships on your campus visit, talk to the admission reps and financial aid officers etc.
2. Use a FREE search engine to help filter through the many scholarships available.
3. Consider applying to the Rochester Schools Foundation Scholarship. (For RCS students only) http://www.rochesterschoolsfoundation.org/