Financial Aid Office
Applying and the Financial Aid Process
- Do I need to be accepted into a degree program to receive Federal Financial Aid?
To receive Federal Financial Aid, Federal regulations require that students be admitted to a degree program. If you have not received your confirmation from the Admissions Office that you have been accepted into a degree program for the upcoming academic year, you may still file your FAFSA. If your FAFSA data is received from the Federal Processors prior to official acceptance into a degree program at USM, your FAFSA will remain inactive. Once you are accepted as a USM degree seeking student, your FAFSA will move through the Financial Aid review and award process.
- How do I apply for Financial Aid and what is USM's deadline?
The FAFSA must be filed annually and can be completed online electronically, or by paper. Using FAFSA on the Web and getting your PIN can significantly speed up the FAFSA process by avoiding potential post delays; screening your application for errors prior to your final submission to the Federal Processors; allowing you to follow up on the progress of your FAFSA; and enabling you to make subsequent electronic corrections to your FAFSA data.
The Federal Processor must receive your completed FAFSA data by February 15th to reach USM by our March 1st priority deadline. Estimate your tax information if it's not yet available. Please don't forget to list USM's Title IV Institution Code (009762) to ensure that USM will electronically receive your FAFSA data.
- What can I expect after I have completed my FAFSA?
Once your FAFSA has been compiled by the Federal Processor, you will be notified via email. At that time, you may re-access your data via FAFSA on the Web to review and verify a summary of the information you submitted to the Federal Processor. Please double check Step 6 to make sure USM appears on your list of schools. If not, you may add USM's Title IV Institution Code (009762) now by making an electronic correction to your FAFSA data. If USM is listed, the Federal Processor will forward your FAFSA data electronically to the Financial Aid Office for further processing. Provided you have been accepted into a degree program at USM, your FAFSA will then move through the review and award process.
Students who are selected for the Federal process called Verification, or who have unresolved issues with their FAFSA, will be asked for additional documents via their "To Do" list on MaineStreet. Please do not mail unsolicited tax returns, W2's, or other documents to the Financial Aid Office. All verification documentation must be submitted prior to financial aid being processed. These documents must be submitted by March 1st for priority consideration.
- Continuing students will be notified via an email sent to your official University email address when your Financial Aid award is ready to view on MaineStreet
- First time students will be notified via a paper letter when your Financial Aid award is ready to view on MaineStreet.