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Frequently Asked Questions

Financial Aid




  • What are the Rights and Responsibilities of financial aid applicants and recipients?

  • What is financial aid?

  • Who is eligible to apply for financial aid?

  • What academic requirements must I meet?

  • How much does it cost to attend Schoolcraft College?

  • What are the rules about attending classes, withdrawing from classes and refunds?

  • What is Unusual Enrollment History?

  • When should I apply for financial aid?

  • How do I apply for financial aid?

  • What happens if I am eligible for aid?

  • What happens if I am not eligible for aid?

  • What do transfer students need to know?

  • May I receive financial aid at two schools at the same time?

  • May I receive financial aid for study abroad?

  • Is financial aid taxable?

  • IRS Data Retrieval Instructions

  • IRS: Tax Return Transcript, Tax Account Transcript, Record of Account Request Process

  • What is Pell Lifetime Eligibility Used (LEU)?


Helpful Hints

  • Read all directions carefully before completing any financial aid forms or applications.
  • Always keep signed copies of tax returns or other income documentation used to complete the FAFSA.
  • Make a personal file for financial aid. Keep copies of all application materials and related documents that you submit during the financial aid process.
  • Read and respond to all mail sent to you regarding financial aid.
  • Write your name and student number on all forms and documents you submit to the Office of Financial Aid to ensure they are placed in your file.
  • View more FAFSA Tips and Common Mistakes

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