<p>Office</a> of Undergraduate Admissions: Cost + Financial Aid</p>
<p>"Your application for admission serves as your application for most University merit scholarships. If additional information is required, you will be notified. We recommend application for admission by November 15 for competitive scholarship consideration. Scholarship awards are generally made between January and April 15. You will be notified by letter from the Office of Financial Aid or the U-M school or college to which you have applied. You must also apply for financial aid (i.e., complete the FAFSA and the PROFILE by March 1 to be considered for any financial need-based scholarships."</p>
<p>What does the underlined section mean?</p>