Financial Aid

A college education is one of the most important investments anyone can make. Schoolcraft College understands that students often need help to finance their education. Financial aid programs can provide students with options that may assist them in meeting educational expenses and achieving their educational goals.

Next Steps

Basically there are two types of financial assistance: need-based and non-need-based aid. Need-based aid uses a formula to determine a family’s financial strength and eligibility for a program. Non-need-based aid does not consider financial strength but may take into consideration other factors such as grade-point average.

  • Who is Eligible for Financial Aid?

  • 1. Fill Out FAFSA

  • 2. Receive and Review Your SAR

  • 3. Respond to Need Inquiries and Verification

  • 4. Receive Award Notification

  • 5. Stay in Touch

It is important to note that along with the benefits that financial aid offers, there are rights and responsibilities for the recipients. Be sure to familiarize yourself with the basic rights and responsibilities of financial aid as well as those that are specific to any type of aid you receive.


  • Important DateSummer term refunds will begin to be released beginning August 8
  • Important DateSpring term refunds will begin to be released beginning June 13
  • Important DateSummer ONLY loans, Fall ONLY loans, and Fall and Winter Loan requests will be available beginning May 19
  • Important Date Spring ONLY Loan requests available Feb 17
  • Important Date Winter refunds to be released beginning Feb 14
  • Important Date 1098-T forms were mailed out Jan 31
  • Important Date 1098-T forms available on WebAdvisor NOW!

Frequently Asked Questions

Mon-Thu: 8 a.m.-6 p.m.
Friday: 8 a.m.-4:30 p.m.
Additional evening office hours are available during walk-in registration.

Financial Aid Office
McDowell Center, MC260
P: 734-462-4433
F: 734-462-4527

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