Office of Financial Aid Office of Financial Aid

FAQ

Top Questions

When will I receive my Financial Aid Notification?

New students begin receiving Financial Aid Award letters in the mail in mid-March each year. Continuing/returning students begin receiving Financial Aid Notifications via their my.emich email accounts in early May (after Winter grades have posted).

When will I receive my financial aid?

Financial aid generally disburses to your ebill approximately 10 days before the start of the semester.

When will I receive my financial aid refund?

Financial aid is applied directly to your university tuition, room, board and registration fees. If the financial aid offered exceeds your university charges, you will receive a refund. Financial Aid refunds are processed twice weekly beginning the first day of classes. To activate or confirm your refund preference, go to www.EMUEagleOne.com.

Do I need to do anything else?

The best way to avoid delays with your financial aid is to stay informed about the process. Monitor your my.emich email account for information requests and details about important dates. Be sure to report any outside awards you are receiving as soon as possible so we can account for them in your overall financial aid package. Finally, monitor your Outstanding Requirements in your my.emich account.

I have financial aid available for the upcoming semester, how can I buy my books using my financial aid?

Plan to spend up to $300-$500 for books and supplies at the beginning of your first semester. If you will receive a refund, you can use it to buy your books. If you aren't receiving a refund, you can buy books with cash, check, or credit/debit cards.

Remember, financial aid refunds are available beginning the first day of the semester. If you submit your FAFSA late, submit outstanding requirements late or register late, your aid will be delayed which will result in a delayed refund.

General Application FAQs

Do I have to apply for financial aid every year?

Yes. You must complete a Free Application for Federal Student Aid (FAFSA) each year. The FAFSA is available online each January at fafsa.gov. Please note the Office of Financial Aid recommends completing your FAFSA in January each year in order to receive priority consideration for aid.

Do I have to report my stepparent's financial information?

Yes, but according to one of the following situations:

  • Situation A: If you lived with your mother and stepfather the majority of the time during the past 12 months, then you would report both your mother's income and your stepfather's income. (This is true even if your father paid child support to your mother. The child support is listed as untaxed income on the FAFSA.)
  • Situation B: If you lived with your father and stepmother the majority of the time during the past 12 months, then you would report both your father's income and your stepmother's income. (This is true even if your mother paid child support to your father. The child support is listed as untaxed income on the FAFSA.)
  • Situation C: If both your mother and father shared custody of you equally during the past 12 months, then you would report the income of the parent and stepparent who provided the most financial support during that time.

NOTE: You must report the income of any stepparent you lived with if he/she was married to your biological parent at the time you signed the FAFSA.

Am I allowed to receive financial aid from more than one institution at the same time?

No. If you are enrolled at more than one college or university at the same time, you may receive financial aid from one of the institutions, not both.

Can guest students receive financial aid?

No. Guest students are not eligible to receive financial aid. You may, however, be eligible to apply for an private loan through the private loan program.

I have been notified that my Free Application for Federal Student Aid (FAFSA) application was selected for verification. What information do I need to provide your office?

Once your FAFSA application is received in our office, we will notify you directly if we require additional information.

What is Verification?

Verification is a process mandated by the U.S Department of Education to verify the accuracy of the information provided on the FAFSA via submission of specific documentation and forms by the student and/or parent. All requested documentation must be provided before a student's financial aid will be released.

Tax FAQs

Do I have to report any grants, scholarships, or fellowships on my Federal Income tax return?

Part or all of a grant, scholarship or fellowship may be taxable even if you do not receive a W-2 form. If you are in a degree program, the amount you use for expenses other than tuition and course-related expenses are taxable (e.g. amounts used for room, board and travel are taxable). Additional information is available on the IRS website.

I filed an extension for my federal tax return. Can I still apply for financial aid?

Yes. The Free Application for Federal Student Aid (FAFSA) allows you to estimate your federal tax information. However, if you are selected for verification, then we must review your tax return before your aid can be disbursed.

Billing and refund FAQs

Why did I receive a bill from Student Accounting? I have financial aid.

Financial aid is not applied to your university charges until the first week of classes. University charges will be adjusted to reflect the financial aid payment after the first week of classes. You can always check the current status of your account at ebill.emich.edu by selecting "current activity."