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Michigan Department Of Treasury Student Scholarships And Grants

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Michigan Students Encouraged To File Their Fafsa Now

Michigan Legislature advances K-12 scholarship bills
Priority consideration given to applications submitted before March 1

LANSING, Mich. – Students interested in getting priority consideration for state of Michigan financial aid programs have less than a week to submit their Free Application for Federal Student Aid. Thats according to the Michigan Department of Treasury.

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Known as the FAFSA, this application is the first step when applying for financial assistance like grants and scholarships. Those submissions that come in before March 1 will receive priority consideration for the Michigan Competitive Scholarship and Michigan Tuition Grant.

The state priority consideration deadline is approaching rapidly so please dont wait if you havent completed your FAFSA yet, said Robin Lott, executive director of Treasurys Office of Postsecondary Financial Planning. This application is free and can help ensure you get as much financial aid as possible. If you have questions, please reach out to us.

Students who submit their FAFSA after the March 1 deadline may not receive all the financial aid they could have had it been in earlier.

To complete their FAFSA, students must:

First Responder Training And Recruitment Grants Available To Local Units Of Government

In an effort to help local units of government address critical needs in recruiting and training first responders, Gov. Gretchen Whitmer signed Public Act 87 of 2021 that appropriates $5 million to create the First Responder Training and Recruitment Grant Program.

All Michigan cities, villages, townships, counties or fire authorities are eligible to apply for a grant up to $100,000 related to first responder training and recruitment. First responders are police officers, firefighters, Emergency Medical Technicians , paramedics and local unit of government corrections officers.

The Michigan Department of Treasury will be working directly with local units of government and other local government partners to implement this grant program.

Key items for local units of government to remember:

  • A completed application with detailed information must be received by the Michigan Department of Treasury on or before Feb. 15, 2022.
  • The governmental unit must demonstrate how budgeted costs directly relate to recruitment or training of first responders.
  • Priority will be given to projects that will be completed by Sept. 30, 2022.
  • Projects are funded on a reimbursement basis.
  • $2 million will be designated for communities with a per capita property taxable value of less than $15,000, with the remaining funds awarded based on a review of applications and the determination of the effective use of and need for the grant funds.

Annual State Individual Income Tax System Maintenance Underway

System upgrades in preparation for next year’s individual income tax filing season are underway.

On Thursday, Dec. 9, the state Treasury Department suspended processing state individual income tax refunds due to annual tax processing system upgrades required for the upcoming 2022 tax filing season. Individuals will be able to check the status of their refunds or returns after Jan. 10, 2022.

Most timely filed refunds for tax year 2020 have been processed.

“I want to first and foremost thank taxpayers for their patience as we conduct our annual system upgrade in preparation for the 2022 individual income tax filing season,” said Deputy State Treasurer Glenn White, who oversees the state Treasury Department’s Revenue Services programs. “As soon as we are operational again in January, we will resume processing tax returns and issuing refunds. We look forward to serving taxpayers in the new year.”

At the close of each calendar year, the Michigan Department of Treasury undergoes system maintenance in preparation for the upcoming individual income tax filing season. The Internal Revenue Service and other states have similar end-of-the-year maintenance schedules.

For the 2021 filing season, the state Treasury Department processed nearly 5 million 2020 tax year individual income tax returns, processing 3.4 million refunds and providing an average refund of $634.

To learn more about Michigan’s individual income tax, go to Michigan.gov/IIT.

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Treasury Urging Students To Complete Free Application For Federal Student Aid

The Michigan Department of Treasury is urging collegebound students to fill out a Free Application for Federal Student Aid. The department says the U.S. Department of Education starting accepting them on Friday, and the deadline is June 30. The department told us more:

The very first step for students and families to take when applying for scholarships and other forms of financial assistance is completing the Free Application for Federal Student Aid , according to the Michigan Department of Treasury.

The FAFSA is needed when applying for grants, scholarships and other forms of financial assistance. The U.S. Department of Education began accepting FAFSA submissions on Friday, Oct. 1.

Completing the FAFSA should be on top of everyones list when applying for college financial aid, said Robin Lott, executive director of Treasurys Office of Postsecondary Financial Planning. I strongly encourage students and parents not to wait to complete this free application. Missing the March 1, 2022, deadline could result in missing out on critical dollars that could help pay for college. Please do not delay and submit your application sooner rather than later.

Academic Year 2022-23 FAFSA submissions received at the federal processor on or before March 1, 2022, are given priority consideration for the Michigan Competitive Scholarship and Michigan Tuition Grant.

Important Information For Our Visitors

Financial Aid for Older and Nontraditional Students

Safety

The safety of our students and staff is of the upmost importance to us. We look forward to visiting with you at our office safely. We are all in this together and, together, we will keep campus safe. Please visit Together We Will for the latest information about safety practices against COVID-19.

What to expect

Our office will utilize a contactless check-in system with a QR code that will work with most mobile phones. Upon arrival just scan the QR code with your phones camera app and enter information about your visit to reserve your place in line.

Due to a high volume of traffic at the beginning of the semester our visitors may encounter wait times more than an hour at various times throughout the week. For our students and families on tighter schedules please consider the following options:

Advising options and information

For financial aid advising alternatives please contact our financial aid staff by phone at 353-5940 or by email at finaid@msu.edu

Many answers to financial aid questions are available here through our website, or via the MSU Student Portal.

Use our drop box for scholarship checks

For students just dropping off scholarship checks only, please use the drop box location outside our office. Students should remember to include their student ID on the check and if the check is made payable to the student, they must endorse it on the back of the check.

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Make Sure Addresses Are Updated Before The 2022 Income Tax Filing Season

Taxpayers are encouraged to check with current and previous employers and financial institutions to ensure they have up-to-date addresses on file in preparation for the 2022 income tax filing season.

“Please take a few moments out of your busy holiday schedule to make sure your address is updated with employers and financial institutions,” said Deputy State Treasurer Glenn White, who oversees Treasury’s Revenue Services programs. “When the individual income tax processing season opens at the beginning of next year, we will be ready to process your return.”

Other notable items for Michigan’s 2022 individual income tax filing season :

For the 2021 filing season, the state Treasury Department processed nearly 5 million 2020 tax year individual income tax returns, processing 3.4 million refunds and providing an average refund of $634.

To learn the latest about state of Michigan taxes, go to www.michigan.gov/taxes or follow the state Treasury Department on Twitter at @MITreasury. Federal tax information is available at www.irs.gov.

Presentation On Theme: Michigan Department Of Treasury

1 Michigan Department of Treasury- Student Financial Services Bureau

2 The Student Financial Services Bureau , located within the Michigan Department of Treasury, encourages students to pursue postsecondary education by providing equality of access to student financial resources and information. The divisions within the SFSB are: 529 Savings Plans Student Scholarships and Grants Student Loan Repayment Programs

8 Programs Appropriated Funds Children of Veterans Tuition Grant Dual Enrollment Michigan Competitive Scholarship Michigan Tuition Grant Police and Fire Fighters Survivors Tuition Grant Tuition Incentive Program Program details and Fact Sheets can be found at www.michigan.gov/ssg under the Forms and Publications section.

9 Programs, Cont. Non-Appropriated Funds Michigan Nursing Scholarship Fostering Futures Scholarship GEAR UP College Day Scholarship GEAR UP Michigan Scholarship

10 Children of Veterans Tuition Grant Natural or adopted child of a Michigan veteran who is permanently and totally disabled, deceased, or missing in action. Student must be a Michigan resident for the 12 months prior to submitting application. Must be a U.S. citizen or permanent resident. Must be at least 17 and less than 26. Application can be downloaded from SSGs Web site.

19 New System: MiSSG

20 Billing Information Under the Forms and Documents tab at www.michigan.gov/ssg www.michigan.gov/ssg Section titled Financial Aid Professionals

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Gov Whitmer Announces Michigan Education Trust Lowering Rates For Families To Make College More Affordable

Governor Gretchen Whitmer on Dec. 8 announced that the Michigan Education Trust is lowering the rates of its contracts so families will realize significant savings the earlier they start saving for a college education.

“Today’s decision by the MET Board lowers costs for working families and helps us put Michiganders first by empowering them to pursue their potential,” said Gov. Whitmer. “On top of Michigan Reconnect, Futures for Frontliners and other initiatives, setting the MET contract prices lower today will help us achieve our Sixty by 30 goal to increase the number of working-age adults with a skill certificate or college degree to 60% by 2030 and put more Michiganders on a path to attain the education and skills they need to get better jobs and earn bigger paychecks. I applaud the MET Board for its action, and I urge any family interested in saving for education to start.”

A prudent investment strategy over the last decade has resulted in a record surplus for the MET which can be used to invest in Michiganders. At their meeting on Nov. 16, the MET Board of Directors unanimously agreed that the surplus should be used to help more Michigan children access a college education that will help them prepare to compete in a modern workforce and solve future challenges. MET last offered reduced pricing in 2007.

About the Michigan Education Trust

More than 96% of high school graduates participating in MET have attended a college, university or technical school.

Please Carefully Consider Only Accepting Those Loans That Are Needed

Central Michigan University offers full-tuition scholarships to students mistakenly told they wo…

Kayla Clarke, Senior Web Producer

The Michigan Department of Treasurys MI Student Aid Team wants families to be alert and informed when considering taking out student loans.

Michigan students and families cover a considerable amount of their higher education costs, State Treasurer Rachael Eubanks said. When student borrowers become their own financial advocate, they can better understand how to manage and leverage the financial aid they receive. Please carefully consider only accepting those loans that are needed. The choices made by students today will have outcomes later in life.

Related: Coverage on student loan forgiveness

The team offered up seven best practices to consider when taking out loans:

  • Complete the Free Application for Federal Student Aid . Colleges use information from the FAFSA to determine their financial aid awards. By completing and submitting the FAFSA, students maximize all their financial aid options.
  • Understand loans must be repaid. Not all financial aid included in a financial aid award letter is free money. Many financial aid awards will include federal student loans. Unlike grants and scholarships, loans must be repaid with interest.
  • Only accept the amount you will need. Students can either turn down a loan or request a smaller loan amount, and the financial award letter should include instructions on how to do this.
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    Michigan Treasury: File For Student Aid By March 1

    The Michigan Department of Treasury is reminding returning and new college students that the deadline for applying for federal student aid is March 1.

    LANSING Students who want to be given priority consideration for state of Michigan financial aid programs should submit their Free Application for Federal Student Aid commonly known as the FAFSA on or before March 1, according to the Michigan Department of Treasury.

    The application is a critical step in the financial aid process, serving as a gateway application to be considered for grants, scholarships and other forms of financial assistance. Application submissions received at the federal processor on or before March 1 are given priority consideration for the Michigan Competitive Scholarship and Michigan Tuition Grant.

    Students who wait to complete their application until after the March 1 deadline may not receive all the financial aid they could have been entitled to receive.

    When youre applying for financial aid, completing the application is a critical part of the process, regardless of income level, said Robin Lott, Executive Director of Treasurys Office of Postsecondary Financial Planning, in a news release. This application is free and can help ensure you get as much financial aid as possible.

    To get started with the application, visit fafsa.gov. To learn more about State of Michigan scholarships and grant programs, visit MI Student Aids website at michigan.gov/mistudentaid.

    Upcoming Virtual Financial Aid Events

    The financial aid process can be a little daunting, so we hold regular workshops to help you through the process. See you there!

    • Subsidized interest starts when youre done taking classes
    • Unsubsidized interest starts when you take out the loan
    • PLUS – A loan your parent can borrow for your educational expenses
    • Alternative Loans – available to students that may not qualify for federal student loans
  • Work-study money you earn at a part-time job on campus
  • On March 23, 2018, the President signed Public Law 115-141, the Consolidated Appropriations Act, 2018, which included an amendment to Section 473 of the Higher Education Act, authorizing the Children of Fallen Heroes Scholarship.

    Under this scholarship, a Pell-eligible student whose parent or guardian died in the line of duty while performing as a public safety officer is eligible to receive a maximum Pell Grant for the award year for which the determination of eligibility is made.

    To qualify for this scholarship, you must be Pell-eligible and have a Pell-eligible Expected Family Contribution and be less than 24 years of age or enrolled at an institution of higher education at the time of your parents or guardians death. In subsequent award years, you continue to be eligible for the scholarship, as long as you have a Pell-eligible EFC and continue to be an eligible student.

    For purposes of the Children of Fallen Heroes Scholarship, a public safety officer is:

    You must meet Satisfactory Academic Progress.

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    Michigan Department Of Treasury Student Financial Service Bureau

    The Student Financial Services Bureau , located within the Michigan Department of Treasury, encourages students to pursue postsecondary education by providing equality of access to student financial resources and information. Information . There are helpful resources geared toward funding for college and resources/publications from the SFSBs three divisions: Student Scholarships and Grants , Student Loan Programs and Michigan Guaranty Agency and Michigan Education Trust /Michigan Education Savings Programs .

    Federal And State Aid Programs

    Great Lakes Loons/Children

    You must complete the Free Application for Federal Student Aid to be considered for Federal and most State of Michigan aid programs.

    Federal Aid Programs

    Tuition Incentive Program: Madonna University

    The tuition incentive program is a State of Michigan program that encourages eligible students to complete high school by providing tuition assistance for the first two years of college and beyond.

    The tuition incentive program operates in two phases with program requirements and eligibility requirements highlighted for each phase. Madonna University is a participating institution of both Phase 1 and Phase 2 of the program.

    Phase 1 of TIP funds will only cover classes within a students associates degree program of study

    To find out more about the TIP scholarship please click the links below for more information:

    Email:

    If a student has been told that they are not eligible for TIP, but feel they should be eligible based on the criteria, the student may appeal their status. The appeal has to be for a mitigating circumstance – examples include but are not limited to: student was incarcerated during application period, student moved frequently and did not receive information that they were eligible , student was hospitalized/injured during application period, etc. Appeals are never guaranteed for approval however, will be reviewed by the Director for a determination. An appeal explanation and supporting documentation needs to be sent to:

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    Consider Giving The Gift Of Education By Donating To The Fostering Futures Scholarship Trust Fund

    As 2021 draws to a close and Michiganders plan their end-of-year giving, the Michigan Department of Treasury asks individuals to consider giving the gift of education through a tax-deductible donation to the Fostering Futures Scholarship Trust Fund.

    Funds raised through the Fostering Futures Scholarship Trust Fund provide scholarships to young adults who have experienced foster care and are enrolled at a Michigan degree-granting college or university. Awards are paid to the students’ college or university to assist with tuition, fees, room, board, books and supplies.

    During these extraordinary times, consider making a small donation to the Fostering Futures Scholarship Trust Fund, said Diane Brewer, executive director of the Michigan Education Trust. Students who receive this scholarship can use the money for tuition, housing, books and other college expenses. Often, those individuals exiting foster care have limited resources for a college education. This scholarship provides some help with college expenses when other assistance may be sparse.

    Since 2012, fundraising efforts have totaled approximately $1.3 million, which has been awarded as scholarships. This was done through individual donations, group donations, sponsorships, ticket sales, auctions and many volunteer-based fundraising events.

    To apply, donate or learn more about the Fostering Futures Scholarship, go to www.fosteringfutures-mi.com or call toll-free at 1-888-4-GRANTS .

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