Financial need is determined by subtracting a student’s Expected Family Contribution (EFC) from their Mid cost of attendance budget. Mid must consider all sources of financial assistance and subtract the estimated amount of all assistance from the student’s estimated total financial need.
Your Expected Family Contribution (EFC)
To determine a student’s eligibility for need-based assistance, Mid must consider the student’s EFC. The EFC is calculated by the U.S. Department of Education from the information submitted in the student’s FAFSA. The EFC measures a family’s financial strength and determines the student's eligibility for federal student aid.
Your Federal Financial Aid will post to your school account 6-8 weeks after the semester begins. You should expect to receive a refund, if one is due, within 10 business days thereafter. Check your Student Finance Account summary here.
If you are receiving TIP, those funds will not arrive from the State until later in the semester. At that time your refund would be processed if one is due.
Students may sign up for direct deposit of refunds.
Students who do not sign up for direct deposit will receive their refund as a check, delivered through standard mail (5-10 business days after the refund is issued). Checks cannot be picked up at the College. Make sure Mid has your current mailing address. Your address may be updated via Self-Service or at either campus in Student Services.
Students must be attending courses in order to receive aid.
Federal guidelines require students to attend and participate in courses to be eligible for federal funds.
It takes several weeks to get participation reports back from your instructors. Once your participation is verified, your federal aid is requested from the Department of Ed, applied to your student account, and applied to your tuition. Mid's Business Services team audits each student's account to determine if a refund is due and processes refunds within 10 business days from the posting of your federal aid.
Contact your instructor(s) immediately and request that they send verification to attendance@midmich.edu. Failure to do this will result in you being dropped from the course and your Financial Aid being delayed or canceled.
The College realizes that many of you are depending on those funds to pay for other educational costs and we are committed to processing them as quickly as possible.
The status of your Financial Aid awards can be viewed at any time.
Single-semester loans are usually distributed in two payments approximately 8 and 10 weeks after the start of the semester. Your loan will be prorated according to your enrollment.
For information about your 1098-T, visit Taxes Information.