Priority Consideration for 2017-2018
All students are encouraged to file their FAFSA as soon as possible after October 1 each year for the following fall/spring academic year, to ensure the best financial aid package possible.
You are strongly encouraged to use the IRS Data Retrieval tool when you file your FAFSA to reduce mistakes and also reduce the chances of being selected for an audit process called verification.
Federal Pell Grant and Federal Direct subsidized and unsubsidized loans are available throughout the aid year. All students that meet the eligibility requirements and complete the FAFSA process for these two aid programs will receive the funds, as long as they apply within the academic school year. There are other funds, however, that are limited and offered on a first-come, first-serve basis to eligible students. These funds include Perkins Loans, Ferris Grant and Work Study. To be considered for these limited funds you must meet the eligibility requirements and you must complete the application process early.
It is important that all students file the FAFSA in October to allow enough time to correct any mistakes and resolve rejected FAFSA issues. FAFSA’s may be rejected by the federal processor for a number of reasons – missing electronic signatures, incomplete responses to questions, social security number or legal name mismatches, missing parental data, selective service issues and many others.
It is the student's responsibility to follow up and check for any missing financial aid requirements. You may monitor missing requirements in MyFSU, Student tab, select the Financial Aid icon, select Missing Requirements in the "You Have Missing Requirements" section.
Your financial aid application is considered complete on the date that all of the following have occurred:
- You are admitted into a degree-granting program at Ferris State University.
- We have received your 17-18 FAFSA in a good (not-rejected) status.
- If you are selected for the Verification Process, you have submitted all documentation required for the Financial Aid Office to complete that process and any necessary corrections to your FAFSA have been accepted by the federal processor.
The Financial Aid Office will begin to send out awards for continuing students who have successfully completed the FAFSA (and verification if selected) approximately June 1 - after Spring grades have posted.