College Student Budget Template (Page 2 of 2) in pdf

FORMS TO BE COMPLETED F

FORMS TO BE COMPLETED FOR

OR COLLEGE

COLLEGE

FORMS TO BE COMPLETED F

COLLEGE

Form

Fee(s)

Comment

Waiver may be available—must request it.

1. Complete college application form (for each college).

$0 - $65

(Paper application may cost more than doing it online.)

2. Complete the FAFSA.

Use

(Deadline for Michigan – March 1)

The

MiSSG Student Portal

allows users to review eligibility,

complete applications, transfer institutions, and update

3. Create a MiSSG Student Account.

user information.

4. TIP Application to be completed prior to high school

The TIP application can be completed using the

MiSSG

graduation (and before age 20).

Student Portal

or by contacting our office at 888-447-2687.

5. Visit the MI Student Aid Web site to get application and

information on Children of Veterans Tuition Grant, Police

These state programs are for specific groups – check the

Officer’s and Fire Fighter’s Survivor Tuition Grant, and the

eligibility requirements.

Fostering Futures Scholarship.

Note: For dependent students, parents may have to

6. After deciding and having been accepted by a specific

complete additional forms…this is normally listed on the

college, follow their online process to make sure all

school’s online secured Web portal for students.

necessary forms are completed.

Visit the ETV Web site and complete the application -

7. Are you a foster child? You may be eligible for ETV.

These forms are available on the MET Web site –

8. If you have a MET contract, complete a “notice to use

MET educational benefit,” form 3181, if attending an in-

state public college or university. If attending a Michigan

private college or out-of-state college, submit a “notice to

terminate MET educational benefit” contract, form 2773.

These forms are available at

9. If you have a MESP account, the account owner must

request a withdrawal and it can be directed to be paid to

the college, account owner, or the student beneficiary.

Federal Stafford loans (subsidized or unsubsidized) have a

Origination

yearly maximum limit of $5,500 for freshmen to help cover

10. Need a loan? Most schools include federal student loans

fees (1-4%)

college costs. A Master Promissory Note will need to be

as part of the award packet if a FAFSA was filed.

and interest

completed and students are required to complete online

entrance counseling.

Federal PLUS loans must pass a credit check. Borrower pays

11. Parents may need a loan. Most schools include federal

Origination

all interest; however, the interest may be capitalized and

Parent PLUS loans as part of the award packet if the cost

fees (1-4%)

temporarily postponed during in-school and grace periods.

of attendance exceeds the aid awarded. A Master

and interest

If interest is capitalized, you will pay more for your loan.

Promissory Note must be completed.

12. If you receive any outside scholarships or grants,

The requirements may vary based on the scholarship or

remember to read the requirements. If the scholarship or

grant…if a specific grade point average (GPA) or full-time

grant is renewable, be sure to complete the necessary

enrollment is required, be sure to comply. Also note if the

form ON TIME! Keep in mind that your aid/awards

scholarship is limited to “tuition only” or if it can be used for

cannot exceed your cost of attendance; some aid may be

educational cost.

reduced.

College Student Budget Template Page 2

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