Making Your University Of Michigan Degree Affordable

Financial Aid: Now Easier and Earlier

Students will now be able to file their FAFSA beginning October 1—a full three months earlier than previous years.

To get started now:

Go to fafsa.gov

What’s changing for 2017–18?

Starting with the 2017–18 Free Application for Federal Student Aid (FAFSA), these changes will be in effect:
 
  • You’ll be able to submit your FAFSA earlier. You can file your 2017–18 FAFSA as early as Oct. 1, 2016, rather than beginning on Jan. 1, 2017. The earlier submission date will be a permanent change, enabling you to complete and submit a FAFSA as early as October 1 every year.
  • You’ll use earlier income and tax information. Beginning with the 2017–18 FAFSA, students will be required to report income and tax information from an earlier tax year. For example, on the 2017–18 FAFSA, you—and your parent(s), as appropriate—will report your 2015 income and tax information, rather than your 2016 income and tax information.
  • Our preferred filing deadline for new students graduating from high school is December 1, 2016, which will allow us to send out financial aid award letters to students as early as January 2017.  For returning students, new transfer students and graduate students the preferred filing deadline is February 1, 2017.

The following table provides a summary of key dates as we transition to using the early FAFSA submission timeframe and earlier tax information.


IF YOU PLAN TO ATTEND COLLEGE FROM

YOU WILL SUBMIT THIS FAFSA

YOU CAN SUBMIT THE FAFSA FROM

USING INCOME AND TAX INFORMATION FROM

JULY 1, 2016 – JUNE 30, 2017

2016–17

JANUARY 1, 2016 – JUNE 30, 2017

2015

JULY 1, 2017 – JUNE 30, 2018

2017–18

OCTOBER 1, 2016 – JUNE 30, 2018

2015

JULY 1, 2018 – JUNE 30, 2019

2018–19

OCTOBER 1, 2017 – JUNE 30, 2019

2016

How will the changes benefit me?

We expect that you’ll benefit in these ways:

  • Because the FAFSA will ask for older income and tax information, you will already have done your taxes by the time you fill out your FAFSA, and you won’t need to estimate your tax information and then go back into the FAFSA later to update it.
  • Because you’ll already have done your taxes by the time you fill out your FAFSA, you may be able to use the IRS Data Retrieval Tool (IRS DRT) to automatically import your tax information into your FAFSA. (Learn about the IRS DRT at StudentAid.gov/irsdrt.)

https://studentaid.ed.gov/sa/sites/default/files/transfer-tax-info-to-fafsa.png

  •  Because the FAFSA is available earlier, you may feel less pressure due to having more time to explore and understand your financial aid options and apply for aid before your state’s and school’s deadlines.

How to apply

  1.  Starting October 1, submit the online FAFSA at fafsa.gov using your 2015 tax information (available through the IRS Data Retrieval Tool when filing the FAFSA).  This video can show you how to fill out the FAFSA.
  1.  Enter the UM-Flint school code 002327 to have results sent directly to us.

Questions

Please feel free to contact the financial aid office at (810) 762-3444 or email financialaid@umflint.edu.  We are ready to help you take full advantage of the early financial aid application.