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The University of Michigan-Dearborn has allocated an additional $300,000 to help students who have been affected by the economic downturn. Funds are intended to help students complete their degrees at the University. “We recognized that this is a difficult time in our economy and are offering options to address families’ declining financial resources”, stated Chancellor Daniel Little.
The $300,000 special emergency fund will be distributed through the Office of Financial Aid on the basis of demonstrated financial need.
Who can be considered?
Students and their families who have experienced hardship and/or financial reversals because of the economic conditions can be considered. Examples include: - Loss of job through layoff
- Change from full-time to part-time employment
- Reclassification of job resulting in a lower income
- Remaining full-time but loss of income because of job furlough
- Loss of benefits: unemployment compensation
- Loss of benefits: medical insurance now paid through COBRA or private insurance
- Company wide or department wide loss of overtime for 2009
While this is not an exhaustive list of examples, it illustrates the emphasis for the use of funds.
When can applications be made?
Applications can be presented now for review.
How can students apply?
Students must demonstrate financial need to qualify and complete the FAFSA (Free Application for Federal Student Aid) at www.fafsa.ed.gov. - To apply for 2009-10 consideration, students must:
- Complete the 2009-10 FAFSA
- Complete the 2009-10 Special Circumstances Form
- Provide 2008 Federal Income Tax Return
- Provide documentation of hardship and estimated income for 2009 as required in Special Circumstances Form
- This documentation can be submitted on or after June 1, 2009
When will students be notified of the results?
The Special Circumstances Emergency Funds Committee meets weekly. Students should be notified within two-three weeks of receipt of their completed application. Incomplete applications will be returned to the student for required items.
Who should I contact if I have questions?
Please submit an e-mail message to the Office of Financial Aid at ask-ofa@umd.umich.edu. Please remember to include “Special Circumstances Emergency Fund” in subject area.
Main Forms Page
Special Circumstances Form 2009-10
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