Apply for Financial Assistance
We want to make the process of applying for financial aid as easy as possible. Use this as your guide to help you through the process and maximize your chances for receiving financial aid at Oakland University.
Apply for Admission
To receive financial aid funds, students must be admitted and enrolled at Oakland University. Whether applying as an undergraduate, graduate, or medical student, the first step is to apply for admission.
Create an FSA ID and Complete the Free Application for Federal Student Aid (FAFSA)
Students (and parents where appropriate) should create an FSA ID at least one week prior to completing the Free Application for Federal Student Aid (FAFSA). Learn more about the FSA ID, the FAFSA, as well as view some frequently asked questions about the application process in the following tabs.
To be eligible for State of Michigan aid the FAFSA must be completed by March 1.
Be sure to include Oakland University Federal School Code (002307) to ensure OU Student Financial Services will receive the FAFSA.
Financial Aid Awards
Beginning in December, OU Student Financial Services will send an electronic award notification to students' OU email address to notify students they can view the amount and types of financial assistance for which they are eligible on MySail. If there are any changes or updates to the student's financial aid award package, a revised award notification will be sent to the student's OU email address indicating revised awards are ready to view on MySail. If a situation occurs which significantly impacts the household's current financial standing, students should speak with a financial aid adviser. Financial aid is initially offered for the regular academic year (fall/winter semesters) but may be available during the summer semester. If you wish to learn more about financial aid for the summer semester, visit the summer assistance page.
Beginning October 1, 2016 students should file their 2017-2018 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, 2016, or as soon thereafter as possible, to increase their opportunity to receive aid awarded on a first-come, first-served basis.
Students who complete their 2017-2018 FAFSA in October can expect to begin receiving their financial aid award notifications in December.
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.
Below are some frequently asked questions about the changes in the financial aid application process, effective October 1, 2016 for the 2017-18 FAFSA. If your question is not answered below, review information from the Federal Department of Education for college students and parents.
- 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 change in the billing cycle scheduled for 2017-18.
- Receiving an award notification earlier encourages students to complete their financial aid requirements earlier.