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How to Apply for Student Financial Aid Michigan

It is important to fully understand the process when applying for financial aid. If you miss a step, forget a form, or are late on a deadline, you may not get the loan or grant you need.

1. Local Companies

2. How to Apply for Student Financial Aid

3. 2009 Stimulus Plan

4. Featured Local Company

1 . Local Companies

Bank of America
313-875-2248
3031 W Grand Blvd
Detroit, MI

48226-3900
313-873-3310
9108 Woodward Ave
Detroit, MI

Advantage Cash Advance
313-422-8785
7722 East Eight Mile
Detroit, MI

Cash Connection
313-491-8400
10800 Grand River Ave
Detroit, MI

Advance America
313-342-1060
13601 W 7 Mile RD
Detroit, MI

Mo Money Taxes
313-521-6000
12920 Gratiot Ave
Detroit, MI

Federal Collateral Society
313-961-4361
1117 Washington Blvd
Detroit, MI

Lmi Group LLC
313-216-8137
5800 Warwick St
Detroit, MI

Michigan Cash LLC
313-869-2274
2974 W Davison
Detroit, MI

Car & Credit Connection
(989) 879-5922
131 N Mable St
Pinconning, MI

2 . How to Apply for Student Financial Aid

How to Apply for Student Financial Aid: Overview

When applying for financial aid it is critical that you compile complete information and hit your deadlines. If you don't follow the steps as outlined you may not get any assistance at all.

How to Apply for Financial Aid: FAFSA

Applying for government financial assistance for college involves completing a Free Application for Federal Student Aid, or FAFSA. Some of the basic information required to apply for financial aid includes your Social Security numbers, income figures from tax returns and W2s, and assets from account statements. Unless you are an independent student you will need all this data for your parents as well. You will also need to indicate which schools you wish to receive your financial aid eligibility information. Gather all the required documents before you get started to make the process easier.

Important Deadlines

Deadlines for the FAFSA are as follows:
• 2006-07 school year: by midnight CDT on July 2, 2007. Corrections on the Web forms must
be submitted by midnight CDT on September 17, 2007.
• 2007-08 school year: by midnight CDT on June 30, 2008. Corrections on the Web forms must
be submitted by midnight CDT on September 15, 2008.

Check with your school's financial aid office for information on state and school deadlines for financial aid.

More Financial Aid: The CSS/Financial Aid PROFILE®

Using the PROFILE® helps you save time filling out paperwork and applications when you apply for student aid. Many colleges, universities, and scholarship programs around the country use the information collected through the PROFILE® in order to award student assistance.

Remember to take your time and get everything you need gathered up before you start-- and don't miss the deadlines!

Sources:
CollegeBoard.com
Dept. of Education 2006-07 Guide to Federal Student Aid
FAFSA.ed.gov

3 . 2009 Stimulus Plan

Starting in the 2009 tax year, under the American Recovery and Reinvestment Act (ARRA), more parents and students will qualify over the next two years for a tax credit, the American Opportunity Credit, to pay for college expenses.

The American Opportunity Credit is not available on the 2008 returns taxpayers are filing during 2009. The new credit modifies the existing Hope Credit for tax years 2009 and 2010, making the Hope Credit available to a broader range of taxpayers, including many with higher incomes and those who owe no tax. It also adds required course materials to the list of qualifying expenses and allows the credit to be claimed for four post-secondary education years instead of two. Many of those eligible will qualify for the maximum annual credit of $2,500 per student.

The full credit is available to individuals whose modified adjusted gross income is $80,000 or less, or $160,000 or less for married couples filing a joint return. The credit is phased out for taxpayers with incomes above these levels. These income limits are higher than under the existing Hope and Lifetime Learning Credits

Click here to read more from irs.gov

Click here for application form

4 . Featured Local Company

Bank of America

313-875-2248
3031 W Grand Blvd
Detroit, MI

Read more about How to Apply for Student Financial Aid

- Private and College-Sponsored Loans Michigan

Students who do not qualify for federal financial aid or who need additional assistance, can apply for private loans.

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Regional Articles

- Determining Your Financial Need Michigan

College is probably one of the larger investments you'll ever make, and nearly every student could use a hand paying for it. Here's a look at how financial aid-granting institutions determine your financial need.

- Private and College-Sponsored Loans Michigan
- How To Apply for Federal Education Grants Michigan
- Paying For Graduate School Michigan
- Federal Student Aid Michigan
- Student Financial Aid Options Overview Michigan
- Filling Out the FAFSA Michigan
- Federal Work-Study Program Michigan
- How To Deal With FAFSA Michigan
- Make College Tuition Less Terrifying Michigan

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Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History