Financial Aid emergency question

[thumper1]

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APPLY FOR AID:<br>
October 1: As soon as possible after October 1, 2009, complete and submit a 2010-2011 CSS/PROFILE Application at <a href=“https://profileonline.collegeboard.com%5B/url%5D”>https://profileonline.collegeboard.com</a> to be considered for all need-based university grants and scholarships, including the M-PACT Scholarship, Michigan Grant, Michigan Achievement Award, and any other need-based U-M scholarships. Note: Some students may be required to submit additional PROFILE documents (such as the Noncustodial Parent PROFILE) to be considered for need-based U-M grants and scholarships. The U-M Office of Financial Aid will contact students by email if they must submit additional documents.</p>

<p>Be sure to list U-M’s CSS Code 1839. The PROFILE costs $25 for the initial application and one school report. Each additional school report costs $16.</p>

<p>January 1: As soon as possible after January 1, 2010, complete and submit a 2010-2011 Free Application for Federal Student Aid (FAFSA) to the federal processor at [FAFSA</a> - Free Application for Federal Student Aid](<a href=“http://www.fafsa.ed.gov%5DFAFSA”>http://www.fafsa.ed.gov) to be considered for all need-based and non-need-based federal and state aid programs, including the Pell Grant, Supplemental Educational Opportunity Grants, Michigan Competitive scholarship, Michigan Indian Tuition Waiver, Perkins Loan, Health Professions Loan, Nursing Student Loan, Direct Loan, and Work-Study. </p>

<p>Be sure to use U-M’s Federal School Code 002325. There is no cost to complete the FAFSA. If you apply online, you will need a Personal Identification Number (PIN) to “sign” your FAFSA. One parent should also have his/her own PIN to “sign” your online FAFSA if you are a dependent student or an independent student applying for a Pharmacy or Dental Health Professions Loan. Go to [The</a> PIN Web Site - Federal Student Aid](<a href=“http://www.pin.ed.gov%5DThe”>http://www.pin.ed.gov) to acquire your free PIN. For a paper copy of the FAFSA call 1-800-4-FEDAID, or download and print the FAFSA.

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<p>The above is from the UMich website. It sounds like they would like the Profile completed as soon as possible in order to be able to consider a student for the most aid applicable…as noted. </p>

<p>In addition, they want the FAFSA completed as well. </p>

<p>It’s a funny website…the “priority deadline” is listed as April 30…I found that very odd since the date to decide on a school is May 1.</p>

[50isthenew40]

<p>I am not an expert on financial aid, but my dd is at Yale and receiving some aid, so I hope you don’t mind if I throw some advice your way!</p>

<p>You might be surprised at how generous Yale and similar schools are. If you are “borderline” for financial aid, you might qualify there and no where else. They are a full need school so if they calculate your expected contribution to be less than their full cost of attendance, you will receive aid. (They included books and transportation costs to the west coast in the cost of attendance for my dd, so they will most likely include cost of flying from/to Cairo.)</p>

<p>Yale has a calculator on their financial aid website. You can put in a guess of your 2009 income and get an estimate, or put in different scenarios and see what you get!</p>

<p>They are very quick and helpful answering questions by e-mail or by phone I have found.</p>

<p>We weren’t able to do our taxes until late March, right before our daughter was accepted regular decision. I was very pleased with how quickly they sent us a financial aid package, in plenty of time before the May 1st decision date.</p>