Dental School (D.D.S.) Financial Aid	Federal School Code     002325
For more information on financial aid for D.D.S. students, contact:      Mary Gaynor, Assistant Director of Financial Aid, D.D.S.    School of Dentistry   University of Michigan   1011 N. University    Ann Arbor, MI  48109-1078   (734) 763-4119   E-mail:  mgaynor@umich.edu    For information for GRADUATE DENTAL STUDENTS, click here. For information about the Dentistry programs at U-M, visit the School of Dentistry website. To be considered for all financial aid programs, including grants and the Health Professions Loan: By March 28, 2008:  Complete the FAFSA on the web at www.fafsa.ed.gov   Include both your parents' and your own data on the FAFSA. The University of Michigan's federal school code is 0002325. By April 21, 2008:  Return the following documents to Mary Gaynor:    2008-2009 Applicant Data Form  Your 2007 Federal Income Tax Form Your Parents' 2007 Federal Income Tax Form Please put your name on the corner of the return so it can be matched with your file. Submitting 2007 Federal Income Tax Returns and/or a Non-Filing Statement  Complete a Non-Filing Statement only if you and/or your parents will not file a 2007 Federal Income Tax Return. You can bring the above documents to Mary Gaynor at the School of Dentistry (address above) or: Drop in brown box in the School of Dentistry Financial Aid Office (located on windowsill); Fax to Mary Gaynor at (734) 647-6805; or Mail to the address above. Award Notification (links to another page in this website) Note:  Dental students are notified beginning in May 2008-2009 Estimated Cost of Attendance for D.D.S. Students Major Financial Aid Programs for Dental Students Grad PLUS and Alternative Loan information Scholarships: - For information on School of Dentistry scholarships click here. - For information on private scholarships click here. - For information on U.S. Navy Health Professions Scholarships, click here. - For information on National Health Service Corps Scholarships, click here. 2007-2008 Dental Required Reading   This is a reference and resource guide to D.D.S. financial aid at U-M.  Given to students when they are awarded aid at U-M for the 2007-2008 academic year.  If you do not already have Adobe Acrobat Reader to view/print this file, you may download it for free by clicking on this button:  A Guide to Financial Aid for Prospective Students (September 2007)  This is a comprehensive guide for all prospective students. 2008-2009 Estimated Cost of Attendance for D.D.S. Students Fall/Winter and Spring/Summer IN-STATE (Michigan Residents)     Tuition and Fees Book & Lab Fees Instruments Living Expenses Total Budget D1 $28,143 $4,894 $3,292 $20,807 $57,136 D2 $28,143 $5,552 $2,892 $22,888 $59,475 D3 $28,143 $3,322 $2,892 $22,888 $57,245 D4 $28,143 $1,726 $2,572 $16,640 $49,081 Fall/Winter and Spring/Summer OUT-OF-STATE (Nonresidents)     Tuition and Fees Book & Lab Fees Instruments Living Expenses Total Budget D1 $41,272 $4,106 $3,208 $19,216 $67,802 D2 $41,272 $3,506 $2,808 $21,136 $68,722 D3 $41,272 $3,962 $2,572 $21,136 $68,942 D4 $41,272 $1,416 $2,450 $15,372 $60,510 These are estimated tuition and fees for the 2008-2009 year.  Actual tuition and fees will be set by the Regents of the University of Michigan in late June 2008.  Full- and part-time tuition and fees for all U-M Schools and Colleges are available from the Office of the Registrar. D1 Instruments Fee includes a $400 deposit. Living Expenses include room and board (rent, security deposit, utilities, groceries, and restaurant/carry-out expenses) and personal/miscellaneous expenses.  The Office of Financial Aid's estimated budget allows about $98 a week for personal/miscellaneous expenses such as long distance phone calls, extracurricular activities, personal hygiene items, etc.  This figure also includes the purchase of student health insurance. Budgets will be increased by the amount of loan fees deducted from your Federal Direct Loans. Major Financial Aid Programs for Dental Students LOANS  Program Description Eligibility Terms Federal Perkins Loan Click here for information from the Department of Education about the Perkins Loan. Click here for Perkins and Health Professions Loan promissory note and rights and responsibilities information. Federally funded; supplemented by U-M funds 5% fixed interest Need-based:  Eligibility based on student's Expected Family Contribution (EFC); allowable EFC is determined by federal funding levels Enrolled at least half-time in a degree program Must meet financial aid priority deadline (April 21) Please see the Perkins Loan Rights and Responsibilities. Repayment is deferred and there is no interest while enrolled at least half-time. Six- or nine-month grace period before repayment begins (see promissory note). Minimum monthly repayment $40 Special deferment and cancellation provisions for volunteer service (Peace Corps, Armed Services, etc.); see the U.S. Dept. of Education's Student Guide and the Dept. of Education website (information specifically for teachers) If you haven't previously signed a master promissory note at U-M, you must do so on Wolverine Access. Dental Health Profession Loan (DHPL) Click here for Perkins and Health Professions Loan promissory note and rights and responsibilities information. Federally funded 5% fixed interest Need-based (parental financial information required) Enrolled at least half-time in the D.D.S. program Must meet financial aid priority deadline (April 21) Repayment is deferred and there is no interest  while enrolled at least half-time. Twelve-month grace period before repayment begins Minimum monthly repayment $40 Special deferment provisions for volunteer service, etc.  (see Health Professions Loan Counseling for information) Must review Rights and Responsibilities each year before a disbursement Must sign a master promissory note (if haven't done so previously) and each year must review your rights and responsibilities on Wolverine Access Federal Direct Stafford Loan, Subsidized Click here for detailed information from the Department of Education about Direct Loans. Students accepting Direct Loan funds for the first time must complete an online Direct Loan Master Promissory Note before receiving their loan funds.  Click here for information. Federally funded 6.8% fixed interest rate See borrowing maximums below Need-based Enrolled at least half-time in a degree or certificate program Repayment is deferred and there is no interest while enrolled at least half-time. Limited deferment provisions; see the U.S. Dept. of Education's Student Guide and the Dept. of Education website (information specifically for teachers) 2% origination fee, with a 1.5% rebate if first 12 monthly payments made on time.  Because of this fee, the actual Direct Loan amount applied to your university account will be lower than that  listed on your award notice. Federal Direct Stafford Loan, Unsubsidized Click here for detailed information from the Department of Education about Direct Loans. Students accepting Direct Loan funds for the first time must complete an online Direct Loan Master Promissory Note before receiving their loan funds.  Click here for information. Federally funded 6.8% fixed interest rate  See borrowing maximums below Non-need-based Enrolled at least half-time in a degree or certificate program Interest begins accruing immediately; may be paid periodically or capitalized (see promissory note). Repayment of principal deferred while enrolled at least half-time Limited deferment provisions; see the U.S. Dept. of Education's Student Guide and the Dept. of Education website (information specifically for teachers) 2% origination fee, with a 1.5% rebate if first 12 monthly payments made on time.  Because of this fee, the actual Direct Loan amount applied to your university account will be lower than that  listed on your award notice. Federal Direct PLUS Loan for Graduate Students Click here for more information. Federally funded 7.9% fixed interest rate Non-need-based (may borrow the cost of attendance minus other aid) Enrolled at least half-time in degree or certificate program. Borrower cannot be 90 days or more delinquent on the repayment of any debt or the subject of a default determination, bankruptcy discharge, foreclosure, repossession, tax lein, wage garnishment or write-off of a Title IV debt during the last five years Interest begins accruing immediately; may be paid periodically or capitalized. Borrower must complete the Free Application for Federal Student Aid (FAFSA) to apply Repayment of principal and interest begins 60 days after loan disbursed; however, payments can be deferred while borrower is enrolled at least half-time. 2.5% origination fee (4.0% with a 1.5% rebate if first 12 monthly payments are made on time) Note:  Federal College Work-Study and Michigan Work-Study awards are offered to only an extremely small number of D.D.S. students each year.   Because it is very difficult for D.D.S. students to work while completing their studies, prior approval must be given.  Awards are earned by working for eligible employers on- and off-campus.  Awards are need-based and students must be enrolled full-time in a degree program.  Restrictions apply and very limited funding is available. Eligibility :  Student must be a U.S. citizen or an eligible non-citizen of the U.S. as defined by the U.S. Department of Education and must be enrolled in a program leading to a degree or certificate in order to qualify for all aid programs. Federal Direct Stafford Loans (Subsidized and Unsubsidized):   The combined borrowing maximums for Subsidized and Unsubsidized Direct Loans is $40,500/year (only $8,500 of this can be Subsidized Loan). Cumulative loan debt is $182,000 (only $65,500 of this can be Subsidized Loan)--limit includes Direct Loans received as an undergraduate).