Oakland Community College
Resources & Scholarships

FAFSA - Free Application for Federal Student Aid

FINANCIAL AID TITLE IV SCHOOL CODES
For information you may call 1-800-433-3243.
 Auburn Hills 002304  Orchard Ridge 002306
 Highland Lakes 002305  Royal Oak 010442
  Southfield E01502    

General Information

What is it?

The FAFSA - the form that the federal government uses to determine your eligibility for federal aid. This aid includes grants, work-study, scholarships and loans.

How does it work?

Using your FAFSA, the federal processor determines your Expected Family Contribution (EFC). EFC - the amount of money your family can be expected to contribute to your college costs each year. Your school will then try to meet your needs through a financial aid award made up of funds from federal, state, school and private sources as well as loans, grants and student employment.

Completing the FAFSA  is the first step in the financial aid process. This can be done using one of the following methods:

  • FAFSA on the Web
  • Paper FAFSA
  • The Renewal FAFSA is automatically sent to students who are on file with the Central Processing System (CPS).

It will take federal government time (1-2 weeks) to process your form and send you a Student Aid Report (SAR) by mail. Your SAR will summarize the data you report on your application. Please check this information carefully to make sure it is accurate. Keep a copy of your SAR and note you Data Release Number (DRN) in the upper right hand corner of the first page; you will need your DRN if you decide to apply to additional schools. If your FAFSA information is complete, an Expected Family Contribution (EFC) will be printed next to your DRN. Your EFC will be based on the financial information you provide on the FAFSA, and your school will use it to award your financial aid.

If you have questions about federal student aid, contact your financial aid administrator or call the Federal Student Aid Information Center at (800) 4-FED-AID (800 433-3243). TTY users may call (800) 730-8913.

 
Deadlines

The 2013-2014 School Year (July 1st, 2013 - June 30, 2014)
The deadline for filing FAFSA on the Web and Renewal FAFSA on the Web applications is June 30, 2014. Your correct, complete application information must submitted to school by your last day of enrollment in 2013-14 or by September 3, 2014, whichever is earlier.  

Note: Transactions must be completed and accepted by 7 p.m. to meet the deadline. If transmissions are started before 7 p.m. but are not completed until after 7 p.m., those transmissions will not meet the deadline. In addition, any transmission picked up on the deadline date that gets rejected may not be able to be reprocessed because the deadline will have passed by the time the user gets the information notifying him/her of the reject.

Most Common FAFSA Mistakes

  1. Do not leave a field blank. Use a zero if the question does not apply to you.
  2. Don’t forget to report ALL required sources of untaxed income.
  3. Use the 1040 Federal tax return for reporting income and taxes paid, not the W-2.
  4. Include yourself in household size, even if you didn’t live there the previous year.
  5. Sign the application. If you are filing as a dependent, make sure your parents sign too.