Financial Aid and Scholarships
Merit-based Financial Aid
There are no forms to fill out to be considered for merit-based financial aid. See “Financial Assistance Interest” on the application. If you check yes to the question: “Are you interested in financial assistance from your program of study?” you will be considered for aid on the basis of merit within the applicant pool, subject to the availability of funds. There is no need to specify which type of award you would prefer. Asking to be considered for aid has no bearing on the admissions decision.
Need-Based Financial Aid
The University of Michigan Office of Financial Aid administers federal loan and Work-Study programs for graduate students. To be eligible you must be a U.S. citizen or eligible non-U.S. citizen (permanent resident with alien registration card).
http://www.finaid.umich.edu/gradaid.htm
You do not need to be admitted to the University before submitting the FAFSA. To apply for financial aid for Fall/Winter, complete and submit a Free Application for Federal Student Aid (FAFSA) between January 1 and February 15. Although you may submit the FAFSA later (by April 30), early application is strongly advised and ensures you will be considered for all aid for which you are eligible.
For those applying for admission later in the admissions cycle
Since we have a rolling admission policy, many students will be submitting their FAFSA later than April 30. It will be considered late but you are still given 30 days to submit your application from the date that Rackham officially admits you. It is still possible to apply for need-based aid through the Office of Financial Aid though financial aid budgets and opportunities tend to lessen later into the spring and summer. Low interest loans may not be available. It is the students responsibility to contact the Office of Financial Aid to document that they were a late admit.
It is recommended that you complete the FAFSA on the web at http://www.fafsa.ed.gov/. Forms are also available from 1-800-4FEDAID, or from any college financial aid office.
Be sure to list the University of Michigan-Ann Arbor (Federal School Code number 002325).
Work Study
All graduate students, with the exception of those in Law and Medical School, may apply for Work-Study and/or loan assistance through the Office of Financial Aid (OFA). Loan programs available include the Federal Perkins Loan and Federal Stafford Loan programs. This office also offers short-term, emergency loans. Students should apply as early as possible. For further information, particularly on deadlines, contact OFA at 2011 Student Activities Building or 734-763-6600.
