To review a series of questions to determine your dependency status, please click on the link below.
Applying for Financial Aid
Students that are accepted to MSOE earn an academic merit scholarship as well as other scholarship opportunities based on their co-curricular participation. To receive a full and comprehensive financial aid offer that includes state, federal, and institutional need based aid, students must apply for the Free Application for Federal Student Aid yearly.
If you would not like to be considered for federal or state financial aid, you must contact the financial aid office to let us know.
Step 1: Create an Account on Studentaid.gov (FSA ID)
In order to log in and sign the Free Application for Federal Student Aid (FAFSA), both the student and one parent need to create a FSA ID from the U.S. Department of Education (ED). In order to create an FSA ID, please visit studentaid.gov. You will use this ID to access your student aid dashboard, apply for FAFSA, and view loan history.
Step 2: Complete the Free Application for Federal Student Aid (FAFSA)
- You can file the FAFSA online at studentaid.gov or through the My Student Aid Mobile Application. When filing, you will need to list MSOE’s school code, which is 003868. You can start filing the FAFSA beginning October 1 for the next academic year. MSOE's priority deadline for filing the FAFSA is January 1.
- Returning students must reapply for Financial Aid each year.
- Families are encouraged to use the IRS Data Retrieval Tool when completing the FAFSA application. This tool allows you to directly import your federal tax information into your FAFSA.
- MSOE receives your submitted application electronically from the U.S. Department of Education. We will contact you beginning in late November to let you know we have received your FAFSA. MSOE begins processing applications and sending offers out after January 15 for prospective MSOE students and April 1 for returning MSOE students.
Step 3: Complete Verification (if selected)
- Verification is the federal process of verifying or confirming the information provided on the FAFSA is accurate. The Student Aid Report (SAR) you receive after your FAFSA is processed will indicate if your FAFSA has been selected for verification. Roughly one third of all FAFSAs filed are selected for this process. You can view general information about this process on our Cover Sheet.
- If selected, you will be required to submit a MSOE Verification Worksheet plus the following documents to MSOE:
- You and your parents’ IRS Tax Transcript. You and your parents can request IRS tax transcripts by contacting the IRS at (800) 908-9946 or visiting the IRS Website. Or you can update your FAFSA application using the IRS Data Retrieval Tool. This tool will allow you and your parents to transfer tax information directly from the IRS on to the FAFSA.
- Independent students and parents of dependent students who did not file a federal tax return in 2018 would need to request an IRS Non-Filing Letter.
- Please follow the instructions on the Verification Worksheet to guide you through what needs to be submitted. A comprehensive list will be emailed to continuing students and available through their My Financial Aid, whereas incoming students will receive a letter at their home address.
- MSOE will notify you by mail or MSOE email if you are selected for verification. MSOE cannot disburse your federal and state aid until completion of the verification process
Step 4: Respond to Your Aid Offer and Complete Next Steps:
Once you have completed the FAFSA, MSOE will use your FAFSA to determine your eligibility for institutional, state and federal funds. The MSOE Financial Aid Office will generate a financial award offer listing all eligible financial aid. New student financial aid award offers are mailed after January 15 and returning MSOE students will receive an offer notification via MSOE email after April 1. You can accept your offer online.
- Accepting Financial Aid for New Students: New Students must accept or decline all or a portion of your financial aid offer by visiting msoe.edu/aidoffer.
- Accepting Financial Aid for Returning Students: Your aid offer will automatically be accepted each year. Those wishing to decline all or a portion of the financial aid will need to notify the Financial Aid Office either in-person, through email, or the link above.
- First Time Direct Loan Borrowers & Transfer Students Must Complete the Following:
- Direct Loan Entrance Counseling: Go to studentaid.ed.gov. This tutorial takes approximately 20 minutes to complete. Please use the same student FSA ID used to sign the FAFSA to sign into this website. Also utilize your MSOE financial aid letter when completing this counseling.
- Direct Loan Master Promissory Note: Go to studentaid.ed.gov to complete this process. Use your FSA ID to sign into this website. This is the loan agreement.
- Final High School Transcripts: For all federal loans and grants to disburse, traditional students must turn in their Final High School Transcript to MSOE's Enrollment Office.
Step 5: Additional Options to Cover Your Bill
After receiving your financial aid offer, there are other options to further cover the gap between your Cost of Attendance and Financial Aid Offer.
- Parent PLUS Loans: Parent PLUS Loans are Federal Loans taken out in the parents name and applied to the student account. Please visit our Parent PLUS Loan Page for more information.
- Alternative Higher Education Loans: Please visit our Alternative Loan Page for more information and to view our Historical Lender List, and Fast Choice Tool.
- Outside and Miscellaneous Scholarships: There are a number of outside scholarship opportunities from local organizations and online search engines. MSOE has a comprehensive Money Monday Blog that outlines opportunities and scholarship search engines. We even have donor funded scholarships that are specific to MSOE Students!
- HELP Payment Plan: Our Student Accounts Office offers interest free nine and twelve month payment plans to make payments more manageable. Visit their HELP Payment Plan Page for more information.