Most federal and state financial aid is awarded on the basis of need. To apply for financial aid, students must submit the Free Application for Federal Student Aid (FAFSA). The FAFSA collects information about family income, assets and the number of family members attending college at least half-time. This information is used to determine the Expected Family Contribution (EFC). Need is defined as the difference between the cost of education and the EFC. To be eligible for financial aid consideration, applicants must:
- Be accepted by the Graduate School as a graduate degree-admitted or a conditionally admitted student (Note: If admitted with Condition 2, senior admit, the student is eligible for undergraduate aid amounts for one semester and may need to submit parent information on the FAFSA. Students admitted with Condition 4, low GPA, qualify for 12 consecutive months of undergraduate aid amounts and may need to submit parent information on the FAFSA.)
- Be enrolled at least part-time, four credits for degree-admitted, six credits for Condition 2 and Condition 4 admits
- Be a U.S. citizen or an eligible noncitizen (see the FAFSA for definition)
- Make Satisfactory Academic Progress (SAP) toward the completion of a defined course of study
- Not be in default on a Perkins Loan, Stafford Loan or Graduate Plus Loan
- Not owe a refund on a Federal Pell Grant, Federal Supplemental Educational Opportunity Grant, or other Federal Title IV aid. By completing the FAFSA, graduate students are applying for the following: Unsubsidized Stafford Loans are available to eligible students, regardless of need, with an annual borrowing limit of up to $20,500 (minus Subsidized Loan); interest begins at the time of disbursement. Stafford Loan amounts are determined based on the cost of attendance minus other aid such as fellowships, scholarships and G.A.
- Students with Condition 4 are eligible to receive graduate level financial aid for 12 months (three semesters). After 12 months, the Condition 4 status must be removed for continued aid eligibility.
Eastern Michigan University also offers aid in the form of scholarships and fellowships. Apply online to request aid from EMU.