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2024 Financial Aid Updates

Students in the Fall 2024 entering class are experiencing changing timelines due to the launch of the new Free Application for Federal Student Aid (FAFSA) this year. With the goal of being as helpful and transparent as possible, we have created this page to provide up-to-date information on the latest changes and items you need to know to help with your college search process.

Financial aid timeline

Now: File your 2024-2025 FAFSA! CMU's school code is 002243.

Mid-March: FAFSA data will begin to be sent to the student and colleges by the United States Department of Education. Students will receive an email when their FAFSA submission summary is ready to be viewed at studentaid.gov.

Mid-April: Financial aid notifications from CMU will begin to be sent out showing your personal financial aid offer. 

Updated as of 2/16/2024.

Enrollment and housing deposit deadline update

Paying your enrollment deposit lets us know that you’re coming to CMU so we can save your spot in the incoming class. This deposit is usually refundable until May 1, however CMU has decided to move that refund deadline to June 1 for this year because of the delays caused by the new FAFSA. The housing deposit deadline has also been moved back to June 1.

Financial aid steps

Here are five easy steps to securing your maximum offer.

Step 1: Create your studentaid.gov account. 

Step 2: File your FAFSA to maximize your financial aid! CMU's school code is 002243.

Step 3: Students and schools will begin to receive processed FAFSAs in mid-March. Once received, we will begin to put together your financial aid offer!

Step 4: Offer notifications will be sent beginning in mid-April. You will receive a packet in the mail outlining your offered aid, next steps and a breakdown of what each component of your offer means. In addition, we will send you an email to your CMICH account when it is ready to be viewed in your financial aid portal.

Step 5: Complete the next steps within your financial aid portal. The link to the portal will be provided in your financial aid award notification email in April.

CMU tuition advantage and other aid opportunities

On February 6, 2024, we announced the expansion of the CMU Tuition Advantage for qualifying newly admitted Michigan students, allowing more students than ever before to attend CMU tuition-free! Information about the CMU Tuition Advantage and more scholarship and grant opportunities are listed below.

Starting 2024-25 academic year, newly admitted Michigan students whose families have an adjusted gross income and family assets of $65,000 or less may be eligible to attend CMU tuition-free. We will cover the cost of 30 credit hours (15 credits in the fall and 15 credits in the spring) and the student services fee through a combination of federal, state and institutional aid.

CMU Tuition Advantage

The Michigan Achievement Scholarship program is free money from the State of Michigan to lower the cost of your college tuition by thousands of dollars per year. New 2023 MI high school graduates and beyond could receive up to $5,500 in free money!

MI Achievement Scholarship

Our Maroon and Gold Merit Scholarships provides scholarship opportunities to incoming freshmen based on high school academics. Incoming freshmen who have applied to CMU are automatically considered for these awards.

Maroon & Gold Scholarship

Merit-based scholarships are awarded to qualifying incoming transfer students based on materials submitted at application for admission. Students can earn up to $13,500 over three years by combining qualified scholarships designed specifically for transfer students.

Transfer Scholarships

We offer a scholarship-matching tool for admitted CMU students through Scholarship Universe. After answering some initial questions, Scholarship Universe connects you to donor-based internal (CMU) scholarship opportunities for which you qualify for the Fall and Spring semesters of the 2024-2025 academic year.

Scholarship Universe

Resources

We have you covered! From webinars and podcasts to blogs, we provide the most up-to-date information to keep you informed and help guide you through the financial aid process.

Webinars

The Search Bar Podcast

Admissions Director's Blog

Get ready for your offer

While you wait for your financial aid offer to come this April there are steps you can take right now!

  • Activate your CMU account. This is a crucial step as we will communicate with you via your CMICH email address, so you want to make sure you have your account set up and ready to be used.
  • File your FAFSA! We cannot move forward with your financial aid offer and look for your max aid possible without your FAFSA data. CMU's priority deadline for offered aid is June 1st. 

Frequently asked questions

FAFSAs will not begin to be processed until mid March. Once you receive an email that your FAFSA has been processed and if you have CMU on the FAFSA, we will receive your information at that time.

Great question! Once FAFSAs begin to process and you receive the email that your FAFSA has been fully processed, you can then log into your FAFSA to make any corrections or updates that are needed.

You will receive an email from StudentAid.gov once your FAFSA has processed. You will be able to review your FAFSA Submission Summary (FSS) by logging into StudentAid.gov.

This is great news! Leave the rest to us. In the weeks to follow, we will mail you your financial aid offer as well as email you at your CMICH email address with a link to your financial aid portal so you can review your offered aid.