We want to make the process of applying for financial aid as easy as possible. Use this as your guide to help you through the process and maximize your chances for receiving financial aid at Oakland University.
Apply for Admission
Apply for admission to Oakland University. High school students should apply during the fall of their senior year. Students are automatically considered for OU's scholarships based on the admission application and deadline criteria. To receive financial aid funds, students must be admitted and enrolled at OU.
Complete the Free Application for Federal Student Aid (FAFSA)
Applying early ensures the fullest consideration for financial aid, some of which is awarded on a first come, first served basis as funding allows. Read the instructions carefully on any financial aid or scholarship forms you complete. Words like "household," "investments" and "parent" each have specifically defined meanings for financial aid purposes. Failure to answer items accurately will cause delays and may result in not being considered for specific financial aid programs. Do not wait until income tax forms are completed to submit the FAFSA. You may use estimates of your income and will have the opportunity to correct errors later.
As soon as possible after Jan. 1, complete a FAFSA for the following academic year. If tax returns have not been filed, estimate the income information using a previous year's federal tax return or most recent pay stub. Once federal tax returns are filed, wait three weeks for electronically filed taxes, or eleven weeks for taxes filed by mail, and update the FAFSA using the IRS Data Retrieval Tool using the steps below. Please note, you will not be able to use the data retrieval tool if you filed as married filing separately, filed a Federal 1040X Amended tax return, Puerto Rican or foreign tax return, or if you filed electronically less than three weeks ago, or filed by mail less than eleven weeks ago.
To be eligible for Michigan state aid the FAFSA must be completed by March 1.
Be sure to include Oakland University Federal School Code (002307) to ensure OU Student Financial Services will receive the FAFSA.
How to use the IRS Data Retrieval Tool (DRT):
Print directions with screen shots.
- Log into the FAFSA
- Click Make FAFSA Corrections
- Enter the student's PIN and create a password for this transaction
- Click the Financial Information tab
- Both the student and parent's (if applicable) financial information is located in this section. Follow these instructions to update the tax information:
a. Select Already completed to answer the first question.
b. Select the Filing Status
c. Answer No to the next three questions to indicate you did not file an amended tax return, Puerto Rican or foreign tax return, and it has been more than three weeks (electronically) or eleven weeks (by mail) since you filed your tax return. Click Link to IRS
- Click OK to link to the IRS website
- Click OK to give your consent
- Enter your information exactly as it appeared on your federal tax return and choose to transfer the information to the FAFSA. Once the information has been transferred, do not change any transferred information.
Register for Selective Service
Male U.S. citizens and male immigrant aliens ages 18 through 25 must be registered with the U.S. Selective Service System to be eligible for federal financial aid. Male individuals can register for Selective Service at any U.S. post office or online at the Selective Service System website.
Financial Aid Awards
Beginning in March, OU Student Financial Services will send an electronic award notification to students' OU email address to notify students they can view the amount and types of financial assistance for which they are eligible on MySAIL. If there are any changes or updates to the student's financial aid award package, a revised award notification will be sent to the student's OU email address indicating revised awards are ready to view on MySAIL. Financial aid is initially offered for the regular academic year (fall/winter semesters) but may be available during the summer semester. If you wish to learn more about financial aid for the summer semester, visit the summer assistance page.