Financial Aid FAQs

How is my aid determined?

Financial need is determined by subtracting a student’s Expected Family Contribution (EFC) from their Mid cost of attendance budget. Mid must consider all sources of financial assistance and subtract the estimated amount of all assistance from the student’s estimated total financial need.

Your Expected Family Contribution (EFC)

To determine a student’s eligibility for need-based assistance, Mid must consider the student’s EFC. The EFC is calculated by the U.S. Department of Education from the information submitted in the student’s FAFSA. The EFC measures a family’s financial strength and determines the students' eligibility for federal student aid.

When will I receive my Financial Aid Refund disbursement?

Your Federal Financial Aid will post to your school account 6-8 weeks after the semester begins. You should expect to receive a refund, if one is due, within 10 business days thereafter. Please check your Student Finance Account summary at midmich.edu/myaid.

Please be aware that if you are receiving TIP, those funds will not arrive from the State until later in the semester. At that time your refund would be processed if one is due.

What Options are available for Getting my Refund?

Students may sign up for direct deposit of refunds. Click here.

Students who do not sign up for direct deposit will receive their refund as a check, delivered through standard mail (5-10 business days after the refund is issued).Checks cannot be picked up at the College. Make sure Mid has your current mailing address. Your address may be updated via MidWeb in the Portal or at either campus in Student Services.

Students must be attending classes in order to receive aid.

Why does it take so long to get my refund?

Federal guidelines require students to attend and participate in classes to be eligible for federal funds.

It takes several weeks to get attendance reports back from your instructors. Once your attendance is verified, your federal aid is requested from the Department of Ed, applied to your student account, and applied to your tuition. The business office will audit each student's account to determine if a refund is due and will process within 10 business days from the posting of your federal aid.

What should I do if my instructor has reported that I am not attending?

Contact your instructor(s) immediately and request that they send attendance verification to attendance@midmich.edu. Failure to do this will result in your class being dropped and your Financial Aid being delayed or cancelled.

What if I need these funds to pay for other educational costs?

The college realizes that many of you are depending on those funds to pay for other educational costs and we are committed to processing them as quickly as possible.

How can I check to see if my refund has been processed?

The status of your Financial Aid awards can be viewed any time.

What if I have a one semester loan?

Single semester loans are usually distributed in two payments approximately 8 & 10 weeks after the start of the semester. Your loan will be prorated according to your enrollment.

How do I access my 1098-T?

For information about your 1098-T, visit https://www.midmich.edu/student-resources/cashier/tax-info-1098-t.

 
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