10-Step Application Check List
Over the past several years, our office staff members have become aware of some generally asked questions and sound hints that we would like to make available to you. As a result, here are 10 steps we recommend you pay particular attention to in order for your aid application to be processed smoothly and on-time. You may even wish to make a copy of these two pages for your own records and check-off or date each item as it occurs. Good Luck!
10 Steps in Applying for Federal Financial Aid
Complete 1040 Tax Return for the previous calendar year (it is not necessary for it to be already mailed to the IRS, as long as it is complete and accurate). If we request additional documentation from you, you may need to request a tax return transcript from the IRS (see#5).
If you do not already have a federal PIN, apply for one now at www.pin.ed.gov. Your parents should apply for one too! This will make getting information and applying for financial aid a much easier process.
Complete the Free Application for Federal Student Aid (FAFSA) as soon as possible after completing your federal income tax. You can apply online at
If you include an e-mail address, you will receive verification of your application by e-mail. If you do not have an e-mail address, you will receive a paper verification from the federal government in the mail.
Check your Eagle Online Regularly. Under the eligibility link you will see that the financial aid office may request additional information such as verification forms, marriage certificates, W-2 forms, etc. Return the requested documents promptly so your application can be complete at the earliest possible date. This could mean a difference of several hundred, even thousands of dollars.
On Eagle Online under the awards tab you can view, accept or reject your awards.
If you are a first time borrower, you will need to complete the Master Promissory Note and the Entrance Counseling.
With government Stafford and Direct Loans remember:
- The government takes out 1/2% of the amount borrowed for "fees." This will increase to 1% beginning July 1, 2012.
- All loans for the full academic year (fall and spring) have to be disbursed in two parts - (one at the beginning of each semester).
Go to the Summer Pre-Registration Program (most of us have them) at the school you plan to attend. Check on your financial aid then too, and learn when your bill is due and payable (so you can be sure about how you can pay it).