Information for Transfer Students
A Detroit Mercy education is an investment that will pay dividends over the entire course of your life. That’s why our University has a top ranking by U.S. News & World Report in the “Great schools, great prices” category.
Follow these instructions below to receive your customized financial aid package. And of course if you have questions at any time, feel free to contact the Scholarship and Financial Aid Office at 313-993-3350.
The FAFSA may look complicated, but it’s really very simple, and we’re happy to guide you through the process.
1. Fill out your FAFSA (Free Application for Federal Student Aid)
The FAFSA (Free Application for Federal Student Aid) can be completed online and should be completed as soon as possible following the first of January. We’re happy to walk you through it. Or, if your parents are helping pay for your education costs, we’d be happy to guide them through the process.
Personal Identification Number(s) PIN
Before beginning the FAFSA, you should apply for a U.S. Department of Education personal identification number (PIN) at www.pin.ed.gov. The PIN will allow you to sign your FAFSA electronically and to correct your processed FAFSA information online. If you are providing parent information on the FAFSA, one of your parents must also sign your application. To sign electronically, your parent must apply for his or her own PIN. Each pin applicant will need to provide personal information such as social security number and date of birth.
When applying for your PIN, we recommend that you make it something easy to remember. Please don't share your PIN with anyone.
If a student completes the FAFSA online without the appropriate pin(s), the application will not be processed unless the student submits the signature page with the appropriate signature(s) via mail.
Filling out the FAFSA
The United States Department of Education manages the FAFSA process. It is their request that the FAFSA be completed on the web at www.fafsa.gov, which only takes five (5) days to process. If you prefer to complete a paper application, you can call 1-800-433-3243. However, please keep in mind that the paper application takes six (6) weeks to be processed and may cause the student to be ineligible for some time-sensitive state aid.
After you have completed the fafsa, you will receive a Student Aid Report (SAR) via email from the United States Department of Education with instructions on how to view it. If you did not provide an email address, you will receive a SAR in the mail.
First School Choice: 002323 (Detroit Mercy School Code)
2. Learn about Michigan resident-exclusive grants and scholarships
Michigan Tuition Grant (MTG)/Michigan Competitive Scholarship (MCS)
University of Detroit Mercy is a private university and therefore Michigan residents who attend Detroit Mercy may be eligible to receive a grant from the State of Michigan called Michigan Tuition Grant (MTG) or Michigan Competitive Scholarship (MCS). Students are only eligible for one of these, not both. To apply for one of these grants, the student and parent(s) must be Michigan residents, the student must complete the FAFSA by March 1st each year and the student must list Detroit Mercy school code 002323 as the first school choice on the FAFSA.
The Financial Aid office will determine if the student appears to qualify for MTG/MCS. If MTG/MCS appears on your award letter, please keep in mind that this award is an estimate based on the current year projected State of Michigan award funding levels. This award level is contingent on the Legislature continuing the funding for these programs in the State's Budget.
Michigan Tuition Grant (MTG)/Michigan Competitive Scholarship (MCS) applies to undergraduate students only.
Program Name Location Basis Requirements Notification MTG/MCS On Detroit Mercy award
(eligibility is estimated)
Need based Michigan resident & FAFSA driven Estimated Award from Detroit Mercy; Official notice from State of Michigan
3. Access your Financial Aid Award and understand the terminology
The Financial Aid TitanConnect award contains a list of the financial aid sources that you qualify for based on the information submitted on the FAFSA. This aid is outlined to demonstrate how transfer students may qualify to cover the cost of a Detroit Mercy education. Access your Financial Aid Award in TitanConnect here.
Scholarships & Grants - these funds are free and do not have to be paid back.
Loans - these funds must be paid back.
Federal Work-study - these funds are linked to a work program. Students who qualify, may work on campus, or at select off campus locations in between classes and earn work-study funds. The earnings are not automatically applied toward the student's outstanding charges. However, students can work to earn these funds and apply them toward their bill and may elect to have a payroll deduction directly to their account.
Cost of Attendance - not necessarily the amount you will have to pay to attend Detroit Mercy, but an estimate of possible expenses. Actual costs will vary by student.
Expected Family Contribution (EFC)- calculated from the information reported on the FAFSA. This does not reflect the amount you will have to pay out of pocket. The EFC will be used along with the cost of attendance to determine how much "need based" aid you will qualify for.
Initial Need - Cost of Attendance minus Expected Family Contribution equal the Initial Need.
Outside Resources - funds received from outside sources to help pay educational expenses. These are funds not processed by financial aid, but payments negotiated through the Student Accounting Office. Typically, these represent payments from employers, tuition payment plans, etc.
Need - Cost of Attendance minus Expected Family Contribution, minus Outside Resources equal Need.
Status - the student classification that this aid level applies to
Fall 2015 - September through December aid to help pay Fall 2015 costs
Winter 2016 - January through April aid to help pay Winter 2016 costs
Summer 2016 - May through August aid to help pay Summer 2016 costs
Total - total amount of aid to help pay Fall, Winter and/or Summer costs
First Five (5) Steps
Our transfer award packages are very generous and they are customized to fit each student's financial situation. Below you will find the first five (5) steps to paying for your Detroit Mercy education.
- Review the Cost of Attendance and determine your cost for the year. Please plan ahead for books and supplies. Detroit Mercy does not issue book vouchers.
- Review your TitanConnect financial aid award which is accessible from your TitanConnect account. It outlines the financial aid funds that you qualify for, based on the FAFSA. These funds are to help you pay your cost.
- Review the Detroit Mercy Financing Options which summarizes the different loan programs found on the TitanConnect financial aid award. It also summarizes our 10 month interest-free payment plan option.
- Determine if you have any out of pocket cost.
- Now that you have determined the financial aid sources that you would like to use, please select "accept" or "decline" button for each source listed on your TitanConnect Award Screen. You also have the opportunity to select an amount less than the total offered.
4. Follow these steps if you have a Stafford Loan
Now that you have received your award, further steps may be required. These steps may or may not apply to you and your family. These steps are only required if the student is planning to borrow their Direct Stafford loan(s) and/or the parent is planning to borrow the Parent Loan for Undergraduate Students (PLUS) for the academic year.
Once you have accepted the Stafford loan, you must complete the following two (2) steps before the loan funds will post to your account.
- After July 1, the student should complete online Stafford Loan Entrance Counseling.
- After July 1, we will process your Stafford loan request. You will be required to complete an online Master Promissory Note (MPN).
Parent Loans Undergraduate Students (PLUS Loans)
Once the parent has accepted the Parent PLUS loan, one parent must complete the following two (2) steps before the loan funds will post to your account.
- After July 1, the parent should complete online Request A Direct Plus Loan.
- After July 1, we will process your parent PLUS loan request. You will be required to complete an on line Master Promissory Note (MPN).