How do I apply for aid?
Apply for aid by submitting the FAFSA (Free Application for Federal Student Aid).
When do I apply for financial aid?
Always apply as soon as possible by using the online FAFSA (Free Application for Federal Student Aid). Refer to the chart below for the earliest possible application date:
|School Year||FAFSA Available On||Tax Year Information To Use|
|Fall 2016 through Summer 2017||January 1, 2016||2015|
|Fall 2017 through Summer 2018||October 1, 2016||2015|
|Fall 2018 through Summer 2019||October 1, 2017||2016|
|Fall 2019 through Summer 2020||October 1, 2018||2017|
What questions do I have to watch for on the FAFSA?
- Question No. 28 asks if you'll have a bachelor's degree before July 1, 2017. Answer yes to this question even if you have courses to take in the summer.
- Question No. 29 asks what your grade level will be when you begin the 2017-18 school year. You should answer first-year graduate/professional or beyond (code 6) since the internship is considered a professional program.
- Question No. 30 asks for the type of degree/certificate you’ll be working towards during 2017-18. You will use code 7 for teaching credential program.
- Question No. 48 asks if you'll be working on a master’s or doctorate program. Answer yes since you’re working on a degree beyond a bachelor's degree (grad/professional program) in 2017-18. The internship makes you independent for aid purposes.
- The institutional code for Michigan State University is 002290.
Who should apply for financial aid for the internship year?
Everyone. As a professional student in the Teacher Certification Program, you’re considered independent for the purpose of receiving financial aid. This means you don’t have to report your parents' income on your financial aid application.
Note: If you’re admitted to the Post B.A. Program as a second-degree student, you may have to report parental income and asset information until you complete the second degree and move into your internship year. You should also review Step 3 of the FAFSA to determine if you qualify for independent student status based on other criteria.
Does this mean that my parents can't claim me on their income tax?
Your parents should follow IRS regulations to determine if you can be claimed as an exemption for tax purposes. Your aid eligibility is based on your enrollment in a professional program, not on whether your parents claim you on their federal tax return.
When do I find out if I’ve been awarded a financial aid package?
You'll receive an award notice in late March or April, if you filed the FAFSA soon after January 1. However, if you’ll still be an undergraduate at that time, your financial aid will be incorrect. Expect a revised award based on your new status of Graduate Certification after the Office of Financial Aid receives notice that you have graduated with a bachelor's degree.
What kinds of financial aid are available?
- Stafford (Direct) Unsubsidized Loan
- Grad PLUS Loan
- MSU Student Aid Grant (In-state residency required)
What about the grants I received as an undergraduate?
Because MSU's teaching certification program is designed as a graduate/professional program, students are not eligible for undergraduate aid, including the Pell Grant.
What about scholarships?
The College of Education also offers scholarships.
What if I need more money than I am awarded?
Sometimes special circumstances, such as supporting a child, can be taken into account to increase the budget allowed to you. Also, alternative loans at higher interest rates are available if necessary.
The financial aid calculations make the assumption that your income during the internship year will be approximately the same as during the previous year. If your income will change drastically from one year to the next, make an appointment to see Mary Kimball in the Office of Financial Aid, 252 Student Services Building. She may be able to make some adjustments.
Do I have to take the whole package I’m awarded?
No. You can choose to accept only grant funds or a combination of grant and loan funds that best suits your needs.
When do I have to start repaying the loans?
Repayment begins six months after you complete the teacher certification program unless you have already used your grace period. Payment of current loans is deferred during the internship year.
Where can I get information about teaching service cancellation and deferment options?
StudentAid.gov describes how you may cancel or defer your student loans by teaching in a low-income or subject-matter shortage area. These options may be available to you if you have a Perkins Loan, Federal Stafford Loan or the Paul Douglas Teacher Scholarship.