Student Financial Services

North Foundation Hall, Room 120
318 Meadow Brook Road
Rochester, MI 48309-4454
(location map)
(248) 370-2550
Have your Grizzly ID ready
finservices@oakland.edu
M-F 8 a.m. - 5 p.m.
Extended Hours for Winter - 8 a.m. to 6:30 p.m. on:
December 15, January 2-4, January 8-9 and January 18

Financial Aid Application Date: October 1, 2017

FAFSA

The FAFSA must be completed each year in order to be eligible to apply for federal financial assistance and to maintain eligibility for need-based institutional funding. The 2018-2019 FAFSA will be available online starting October 1, 2017.

Learn more about applying for financial aid for:

FAFSA

Beginning October 1, 2017 students should file their 2018-2019 Free Application for Federal Student Aid (FAFSA) to apply for financial aid earlier than ever before. Students are encouraged to apply for financial aid beginning October 1, or as soon thereafter as possible, to increase their opportunity to receive aid awarded on a first-come, first-served basis.

Drop-In FAFSA Workshops are available to current OU students Monday-Friday from 8:00am to 5:00pm in Student Financial Services. Current students are encouraged to get help renewing their FAFSAs as soon as possible. Virtual FAFSA Appointments are also available in a private webinar environment. Register now for a virtual FAFSA appointment.  

Students who complete their 2018-2019 FAFSA in October can expect to begin receiving their financial aid award notifications in December.

FSA ID

To access and sign the Free Application for Federal Student Aid (FAFSA), as well as access federal websites related to financial aid, students must create an FSA ID. Parents whose information is included on the FAFSA must also create an FSA ID to sign the FAFSA electronically, as well as to access federal websites related to financial aid.

You will need to complete the following when creating your FSA ID:

  • Provide personal email (unique to each user)
  • Provide social security number
  • Provide birthdate
  • Select two challenge questions
  • Create two challenge questions
  • Select an important date (not your own birthdate)

The FSA ID should be created at least one week prior to completing the FAFSA.

Create an FSA ID now.

FAQ

Below are some frequently asked questions about the changes in the financial aid application process, effective October 1, 2017 for the 2018-2019 FAFSA. If your question is not answered below, review information from the Federal Department of Education for college students and parents.

Do I still have to complete a FAFSA every year?
Yes, every student should complete a FAFSA every year beginning October 1, for the next school year they plan to attend.

Why should I apply so early?
Some financial aid is awarded on a first-come, first-served basis, so the earlier you apply, the bigger and better your financial aid package could be.

How will an earlier FAFSA and the change to the income year benefit me?
Benefits include:
  • Students (and their parents, if applicable) will not need to estimate income information and will not need to update their income information as in the past since the FAFSA now only requires taxes already filed.
  • There will be more time for students to explore and understand financial aid options and apply for private scholarships.
  • Applying early means getting your award notification earlier. Students who file October 1 or shortly thereafter, can expect to begin receiving award notifications in December.
  • Students will be more prepared for the payment due date.
  • Receiving an award notification earlier encourages students to complete their financial aid requirements earlier.

How will I complete the FAFSA in October if I don’t file taxes until the following April?
Beginning with the 2017-18 FAFSA, students (and parents, if applicable) will be able to report income and tax information from an earlier tax year. For the 2018-2019 FAFSA, applicants will report their 2016 income and tax information. For the 2019-2020 FAFSA, applicants will report their 2017 income and tax information.

After I have completed my 2017 taxes, will I need to update my 2018-2019 FAFSA?
No. The 2018-2019 FAFSA will only use 2016 tax return information.