Financial Aid Pathfinder

Your Progress:
7

What types of aid require a FAFSA?

  • Grants (need-based awards) such as Pell, Supplemental Educational Opportunity Grant, Academic Competitiveness Grant, Smart Grant, and NMU's Board of Trustees Grant.
  • Scholarships (including some merit-based awards)
  • Work study
  • Federal loans (Direct Stafford and Perkins)
  • Teach Grant
  • Other funding
Explanation of different types of aid  
Understanding Financial Aid
 
8

A "Student Aid Report" will be sent via
e-mail or mailed to you.

This document will come to you from FAFSA central processor.  The Student Aid Report will explain your "expected family contribution" (EFC). This is a very important document to read and understand.

  • EFC is a measure of the family's financial strength based on income, assets, family size and etc., submitted on the FAFSA. The EFC represents the money the federal government believes your family can contribute toward one year of college.
  • If there are issues with any of the information reported on your FAFSA, they will be listed in the comment section of the Student Aid Report.
Student Aid Report
 
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Review the Student Aid Report

  • If there are issues with any of the information reported on your FAFSA, they will be listed in the comment section of the Student Aid Report.
  • Review the Student Aid Report and make corrections online or mail the signed Student Aid Report back to FAFSA.
Student Aid Report Notes Section