Complete the Free Application for Federal Student Aid (FAFSA) by the March 1 priority date each year. This is not a deadline! The FAFSA is available on the internet after January 1 at www.fafsa.gov. Paper worksheets are available in Student Financial Services. Be certain to use the UM school code 001004. Federal fiscal years are from July 1 to June 30. The federal deadline for submitting the FAFSA is June 30 (for example June 30, 2014 is the deadline for 2013-14).
Students are encouraged to use the IRS Data Retrieval Tool when filing the FAFSA electronically if the option is offered. Typically this tool is available two weeks after filing the tax return. In certain circumstances, this option is not offered.
When the FAFSA is processed, information is sent electronically to the Office of Student Financial Services where the file is evaluated to determine eligibility for federal aid. If additional information is needed, letters will be mailed and notification will also be sent through forUM email explaining what is needed. Please respond immediately, or aid will be delayed.
Verification of Application Data
If applications are selected for a review process called verification, students will be able to view the document requirements on Banner Self Service. Students will also be notified by regular mail and through the forUM email when there is a need for additional information. Typically, the following documents are required and must be submitted to the Office of Student Financial Services:
- Verification worksheet – see Downloadable Financial Aid Forms
- IRS tax return transcript for student and parent/spouse if requested (obtain online at www.irs.gov or call 1-800-908-9946)
- Other requirements will be noted on Banner Self Service and through forUM email account
Check Banner Self Service Financial Aid Requirements to determine whether or not you need to submit a tax transcript. Students who use the IRS Data Retrieval tool when filing the FAFSA may not need to submit a tax transcript.
A determination of eligibility cannot be made until the verification process is completed. Other documents may be requested. All documents required for verification must be submitted within 60 days of request or your application processing will be terminated.
If your file is selected for this review process, please do not make changes to the FAFSA. Any corrections needed will be processed on your behalf by the Office of Student Financial Services.
Please note that in some cases students may be selected for verification AFTER an award has been made. The aid awarded may have to be withheld until verification has been completed. Typically, this can happen if a student makes a change to the FAFSA after being awarded aid