Financial Aid Process

This is a step-by-step process in applying for and accepting financial aid at Marygrove College. You may be redirected from this web site if you click on any of the links.

Step 1: File the FAFSA

The primary vehicle for awarding financial aid is the Free Application for Federal Student Aid (FAFSA). The FAFSA is the application for all federal, state and many Marygrove College financial aid programs. For maximum consideration for available aid programs, we recommend you file your FAFSA by June 1st, however you may file your FAFSA at any time during the academic year.

To begin, gather your and your spouse’s (if applicable) W2s and federal tax return. If you are enrolling during the 2011-2012 (Fall 2011, Winter 2012 and/or Summer 2012) academic year, you will need your 2010 information and must file a 2011-2012 FAFSA.  You must a 2012-2013 FAFSA if you plan to enroll during the 2012-2013 academic year (Fall 2012, Winter 2013 and/or Summer 2013). You will also need your parent’s information if you do NOT meet one of the following criteria:

• You will reach the age of 24 by January 1, 2012
• You will be working on an advanced degree (Master’s, PhD, etc.)
• You are married as of the date of FAFSA filing
• You have children for which you provide more than half of the support
• You are a veteran or active member of the armed services
• Both of your parents are deceased OR you are a ward of the court

Go to www.fafsa.ed.gov and follow the instructions for completion. You may sign the FAFSA electronically if you and your parents (if applicable) have a PIN number.   If you do not have PIN number, one may be provided to you immediately during the FAFSA filing process.  Marygrove College Title IV School Code: 002284

Step 2: Review Your Student Aid Report (SAR)

You will receive a Student Aid Report (SAR) from the Federal Processor either by mail or email. Review this document for accuracy. Make corrections on the FAFSA website at www.fafsa.ed.gov , if necessary.

Step 3: Check for Missing Documents

When Marygrove College receives your FAFSA data, you will receive an email notification to your Marygrove email account.  The email will direct you to go to the WebAdvisor  “My Documents” page  where you will be able to view your FAFSA receipt date and documents required to complete your financial aid awarding.   If additional documents are required, they must be submitted before you will be awarded.
>click here to Check for Missing Documents on WebAdvisor 

Step 4: View and Accept Your Award on WebAdvisor

You will be notified via your Marygrove email when your award is ready to view. You may view and accept your financial aid award on the WebAdvisor “Acceptance of Financial Aid” page.
>click here to view and accept your award on WebAdvisor 

Step 5: Complete Your Loan Processing

To complete the processing of your federal student loans, you must complete Entrance Loan Counselling (first time borrowers ONLY) and sign the Direct Loan Subsidized/Unsubsidized Master Promissory Note (MPN).  If these steps are not completed, your loan will not be processed.   You may also complete this process before you have been awarded by clicking the link below. You must still accept your awards on WebAdvisor to complete the processing.   You will receive an email notification when your loan has disbursed to your student account.
>click here to begin the Loan Processing