Tools, Resources and e-Guide

Financial Aid E-Guide

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    Accept your My Portal Award

    1. Go to My Portal
    2. Enter username & password.
    3. Click "Login."
    4. Click on "Student Profile."
    5. Click on "Financial Aid."
    6. Make sure you are on the right Award Year (Upper Right Hand Corner)
    7. Click on "Home" tab.
    8. Scroll down to "Requirement Messages."
    9. Please submit all required documentation as requested.
    10. Click on "Award Offer" tab.
    11. Determine the aid you would like to accept, click "Submit Decision."

    Important: If you have accepted loans, you must complete the listed requirements or the loan funds will not pay out to your account.


    Stafford/PLUS Loan Requirements (Only required every 10 Years at Detroit Mercy)

    The following requirements can be completed on:

    Note: You will need your FSA ID to complete this step. If you need to apply or reset your FSA ID, see the Obtain your FSA ID section.

    • Click green "sign in" button.
      • Enter BORROWER FSA ID.
      • Click "Sign In."
    • Complete the Entrance Counseling.
      • Click "Complete Counseling."
      • Choose Type > Click "Entrance Counseling."
      • Select school state and name.
      • Select "Student Type" (undergraduate or graduate).
      • Click "Continue."
      • Read the information and complete all five steps.
      • Print your confirmation page.
    • Complete Stafford/PLUS/Grad PLUS Loan MPNs
      • Click Complete Master Promissory Note
      • Select your loan type
        • Students
          • Subsidized/Unsubsidized OR
          • Graduate PLUS
        • Parents (Parent must sign in with their FSA ID)
          • Parent PLUS
      • Complete steps 1-4 of the MPN
      • Print Master Promissory Note PDF version
    • Apply for a Parent PLUS Loan (Parent must sign in with their FSA ID)
      • Click Request Direct PLUS Loan
      • Select Parent PLUS
      • Complete steps 1-4
      • Print your confirmation
      • Note: This step must be done in addition to a PLUS MPN

    Have your financial aid refund direct deposited

    1. Go to My Portal
    2. Enter username and password.
    3. Click "Login."
    4. Click on "Personal Profile."
    5. Click on "Direct Deposit "
    6. Type in the routing number for your bank and your account number.
    7. Check either "Savings" or "Checking."
    8. Click "Submit."

    Note: If you choose not to participate in direct deposit, your refund check will be mailed to your address as listed on My Portal.


    Make an online payment

    1. Go to My Portal
    2. Enter username and password.
    3. Click on "Student Profile."
    4. Click on "Student Account" (under additional links).
    5. Click on "Pay Now" (CashNet).
    6. Click on "Make a Payment".
    7. Click on "Make a Payment on your Student Account" (Enter amount).
    8. Click on "Add to Payment."
    9. Click on "Continue" (at bottom of the page).
    10. Select method of payment.

    Note:  A convenience fee of 2.75% will be added to all credit/debit payments.  We will no longer be able to accept payments over the phone.  We are able to accept Mastercard, Discover, American Express, and Visa.  There will be no fee payments made online and in person using your bank account (checking or savings).  All credit/debit payments must be made online.


    Obtain your FSA ID

    The FSA ID, a username and password, has replaced the Federal Student Aid PIN and must be used to log in to certain U.S. Department of Education websites. Your FSA ID confirms your identity when you access your financial aid information and electronically sign Federal Student Aid documents. If you do not already have an FSA ID, you can create one when logging in to FAFSA, the National Student Loan Data System (NSLDS),, and when signing an Agreement to Serve (ATS) at Teach Grant Program.

    1. Go to Create New FSA ID.
    2. When logging in to one of the websites listed above, click the link to create an FSA ID.
    3. Create a username and password, and enter your email address.
    4. Enter your name, date of birth, Social Security number, contact information, and challenge questions and answers.
    5. If you have a Federal Student Aid PIN, you will be able to enter it and link it to your FSA ID. You can still create an FSA ID if you have forgotten or do not have a PIN.
    6. Review your information, and read and accept the terms and conditions.
    7. Confirm your email address using the secure code, which will be sent to the email address you entered when you created your FSA ID. Once you verify your email address, you can use it instead of your username to log in to the websites.

    You can use your FSA ID to sign a FAFSA right away. Once the Social Security Administration verifies your information in one to three days, or if you have linked your PIN to your FSA ID, you will be able to use your FSA ID to access the websites listed above. For help, visit


    Get proof of enrollment

    1. Go to My Portal
    2. Enter username & password.
    3. Click "Login."
    4. Click on "Self Service."
    5. Click on "Student."
    6. Click on "Student Records."
    7. Click on "National Clearing House" (NCH). You will be re-directed to the NCH website.
    8. Click on "Students and Alumni" (top of page).
    9. Click on "Verify Current Enrollment."
    10. Enter your personal information.
    11. Print your proof of enrollment.

    View your account balance online

    1. Log on to My Portal.
    2. Enter username and password.
    3. Click "Login."
    4. Click on "Student Profile" (under self service - student).
    5. Click on "Student Account" (left hand side).
    6. Click on "Account Summary."
    7. Under "Account Summary" there is a dropdown menu, select "View by term."

    Borrow a private loan

    1. Go to our Sources of Financial Aid page. 
    2. Click "In this Section" and select "Loan Programs."
    3. Under Lender Selection, click on "ELM SELECT", which will be highlighted in red.
    4. Select "Program Type."
    5. Review the list of Lenders for Detroit Mercy - you may review the benefits and compare lenders by checking the compare boxes
    6. Select a lender and click "apply." You will be redirected to the private loan website.

    Note: Students may require a credit-worthy co-signer for private loans.  

Important Phone Numbers and Websites

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Tools for Understanding Financial Aid

Launch of and Social Media Tools

Federal Student Aid launched a streamlined website,, as well as several social media properties that will make it easier for students, parents, and borrowers to navigate the financial aid process. These resources offer more than just information in an easy-to-read format; they also feature interactive tools, such as videos and infographics, to help answer the most frequently asked questions about financial aid. is the first step of a multi-phase project to develop a single point of entry for students accessing federal student aid information, applying for federal aid, repaying student loans, and navigating the college decision-making process.   It is also completely accessible on tablets and smartphones.

The social media properties on Facebook, YouTube, and Twitter offer students, parents, and borrowers another option to interact with Federal Student Aid to learn about the student aid process. The website and social media properties also introduce a new look-and-feel for Federal Student Aid, which was tested with students, parents, borrowers and schools.

With the initial release of, three websites— Student Aid on the Web, the Federal Student Aid Ombudsman website, and the Federal Student Aid Gateway—were retired. To ensure a seamless transition, we will automatically redirect visitors from these three sites to the relevant information on

We encourage you to share these new resources with your students. Please visit or visit us on Facebook, Twitter, or YouTube.

Education Department Launches New Online Debt Management Tool for Students

The U.S. Department of Education (ED) released an online interactive loan counseling tool to help students manage their debt and keep financial aid professionals in the loop.

The Financial Awareness Counseling Tool aims to provide students with basic financial management information, such as their current loan debt and estimates of debt levels when interest accrues after graduation.  College financial aid professionals can monitor a student’s progress in using the tool and provide assistance if necessary.

The tool provides students with five interactive tutorials on topics including managing a budget and avoiding default. Students can also access their individual loan history and receive personalized feedback. 

The tool is part of the Obama Administration's initiative to promote financial literacy and consumer disclosure for students and families.

In the coming weeks, the administration also plans to release its model financial aid shopping sheet, which it will encourage institutions to voluntarily adopt. NASFAA has advocated for a model financial aid award letter that gives institutions flexibility to meet the needs of their unique student bodies and does not impose additional requirements on schools.

ED reports that the model shopping sheet will include award aid, estimated student loan debt  and information about the difference between private loans and federal student loans as well as and the average student loan payment after graduation.

The Department has also published its annual college cost lists, which detail schools with the highest and lowest published sticker price, schools with the highest net price once grants and scholarships are factored in, and those schools where prices are rising the fastest.

Tools for Students Going into the Field of Education