Investing in your Future 

At OUWB, we consider your medical education to be an investment in your future. To support you in meeting the cost of this investment, we strongly encourage you to complete the action steps described below.  

Submitting a Free Application for Federal Student Aid (FAFSA) enables us to determine your eligibility for financial aid, thereby providing you with options to invest in your future.  

If you have any questions about the financial aid application process, please do not hesitate to contact us at medfinservices@oakland.edu or by phone at (248) 370-3611.

General Information

Apply for Admission

To receive financial aid funds, students must accept admission to Oakland University William Beaumont School of Medicine. The first step is to apply for admission.

Create an FSA ID and Complete the Free Application for Federal Student Aid (FAFSA)

Students (and parents of incoming students applying for institutional need-based scholarships) should create an FSA ID at least one week prior to completing the FAFSA. 

Be sure to include the Oakland University Federal School Code (002307) to ensure OUWB Financial Services receives your FAFSA.

It is strongly recommended that students observe the following priority filing dates for FAFSA submission to help ensure timely processing of financial aid funds: 

  • May 1 - M3 & M4 
  • June 1 - M1 & M2

Financial Aid Offers

OUWB Financial Services will email financial aid offer notifications to students beginning in early April. The notification email will instruct students how to view the amount and types of financial assistance for which they are eligible. If there are any changes or updates to the student's financial aid offer, a revised financial aid notification will be emailed.   

Incoming Students Applying for Institutional Need-based Scholarships
Incoming students wishing to be considered for institutional need-based scholarships are required to complete a FAFSA and include their parental information*. OUWB does not require students to submit a separate scholarship application in order to be considered for need-based institutional awards. You may, however, be required to provide verification documents such as federal tax return transcripts.

If a situation occurs which significantly impacts a student's household's current financial standing, the student should contact OUWB Financial Services.

The OUWB scholarship selection process is on-going and, depending on availability of funds, may continue until classes begin in early August. The OUWB Scholarship Committee considers both merit and financial need in its selection process. Scholarships are also awarded to students after matriculation through our current student scholarship programs.

Students receiving scholarship offers will be notified promptly once a decision has been made. 

More detailed information regarding the OUWB scholarship selection process can be requested by contacting the Medical School Admissions Team via email at medadmit@oakland.edu.

*Students over the age of 30 as of August 1st, do not need to include parental information.
FAFSA

All eligible students are strongly encouraged to file the Free Application for Federal Student Aid (FAFSA) every October 1 or shortly thereafter, to apply for financial aid for the next academic year and receive maximum financial aid consideration. 

Students (and parents when applicable) who file taxes are encouraged to complete the FAFSA using the IRS Data Retrieval Tool (DRT) embedded in the FAFSA. Using the DRT confirms the tax information filed with the IRS and provides an added measure of security by never showing tax data on the screen. The tax information is encrypted and only shows Transferred from the IRS as the answer for each question. The information does not become unencrypted and visible until received by OUWB Financial Services for processing. 

Questions regarding how to complete a FAFSA should be directed to OUWB Financial Services.    

Financial aid offer notifications are sent beginning in early April via email.

FSA ID

To access and sign the Free Application for Federal Student Aid (FAFSA), as well as access federal websites related to financial aid, students must create an FSA ID. Parents whose information is included on the FAFSA must also create an FSA ID to sign the FAFSA electronically, as well as to access federal websites related to financial aid.

You will need to complete the following when creating your FSA ID:

  • Provide personal email (unique to each user)
  • Provide social security number
  • Provide birthdate
  • Select two challenge questions
  • Create two challenge questions
  • Enter the security code for your email and your mobile number before you exit the FSA ID website

The FSA ID should be created at least one week prior to completing the FAFSA.

Create an FSA ID now.