The fall semester is still underway, but preparation for the 2018-2019 Financial Aid season is already upon us. Students who will attend MIAD in the fall of 2018 should begin the financial aid process now. The following is an overview of the FAFSA filing and financial aid timeline:
- Students will need to file a 2018-2019 FAFSA for financial aid for the 2018-2019 academic year using 2016 IRS tax return information. The FAFSA is now open for completion online at www.fafsa.gov.
- The IRS Data Retrieval Tool is available for parents and students to import 2016 tax data directly from the IRS. MIAD strongly encourages all FAFSA applicants to use this tool, as it provides the most accurate data.
- The Department of Education randomly selects one out of every three FAFSA applicants for “Verification.” Students selected for verification will receive an email from the Financial Aid Office asking for specific documentation required to complete verification. Using the IRS Data Retrieval Tool on the FAFSA to import 2016 federal tax information will simplify the verification process.
- Last but not least – Parents who utilize the Parent PLUS loan to cover the outstanding balance for tuition and fees at MIAD or Room and Board expenses must apply for the PLUS loan each year. The Department of Education must perform a credit check annually to confirm eligibility. The application for a Parent PLUS loan is available online at www.studentloans.gov after April 15, 2018.
MIAD's Financial Aid Office can help students through the 2018-2019 financial aid process.
Please contact the Financial Aid Office at 414-847-3270 with any questions, or contact: