The amount of Child Care Subsidy awarded to eligible applicants is based on applicants' financial need, the number of children they have enrolled in licensed care facilities, their child care expenses, and available funding. Maximum awards for 2008-2009, including Spring/Summer 2009, are shown below:
- For one child, the award maximum is $2,015 per term ($1,008 per half term).
- For two children, the award maximum is $3,020 per term ($1,510 per half term).
- For three or more children, the award maximum is $4,030 per term ($2,015 per half term).
Award maximums for Fall/Winter 2009-2010 will be posted as soon as they are available.
A term is Fall term, Winter term, or Spring/Summer term (the combined Spring half-term and Summer half-term). Applicants will be notified in writing of their eligibility for the subsidy and the amount they will receive. The subsidy amount cannot exceed the cost of your licensed child care.
HOW ELIGIBILITY FOR THE SUBSIDY IS DETERMINED:
You must demonstrate financial need to be eligible for the Child Care Subsidy program. Financial need is calculated as follows:
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Estimated Cost of Attendance |
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Expected Family Contribution/Available Resources |
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Demonstrated Financial Need |
Estimated Cost of Attendance: This estimated amount includes tuition, fees, an allowance for books and supplies, a reasonable allowance for living expenses, and child care expenses as reported on the Child Care Subsidy Application.
Expected Family Contribution/Available Resources: The Office of Financial Aid calculates this estimated amount from the information you submit on the Child Care Subsidy Application, your tax returns, and the FAFSA or International Student Financial Data Form. The calculation is based on such items as your earnings; checking, savings, cash, and money market accounts; investments and real estate holdings other than your family's primary residence; business equity; untaxed income; income from assistantships; and other financial aid you are receiving through your academic department and the Office of Financial Aid.
RECEIVING THE SUBSIDY FUNDS:
Funds will be disbursed through the University Payroll System in the form of a check payable to you or, if you have authorized direct deposit (click on Direct Deposit from the Student Business page of Wolverine Access), funds will be deposited to your bank account.
A copy of a child care contract or other documents verifying your child care expenses and your provider's state licensure will be required prior to disbursement of funds.
IF YOU HAVE QUESTIONS OR NEED ASSISTANCE:
If you need assistance completing the Free Application for Federal Student Aid (FAFSA) or if you have questions about the Child Care Subsidy, staff members in the Office of Financial Aid can assist you.