Financial aid application
Financial aid process starts with filling with financial aid application. Filling the financial aid application form is not a typical for the students who plan ahead and keep ready with their necessary documents. Some application forms can be filled out online and some demands manual filling. The application form must be completed with extreme care and accuracy. Before filling the financial aid application form the student need to find out the financial aid deadline and submit as per the schedule.
This information will be available in the particular website of the college. Most of the Financial Aid Offices requests Free Application for Federal Student Aid (FAFSA) including the documents of students and parents tax returns. Along with the above application form the student need to fill the financial aid application are: copies of their parents tax returns and tax documents, copies of their parents' taxes, latest bank statements, financial statements, and a list of assets like cars, shares in a trust, real estate etc. Parents presence and guidance is nessacary in filling out financial aid application form. Take minimum 45 minutes or one hour to fill the Financial Aid Application which gives perfection of filling out multiple supplementary forms which all ask similar questions.
The below is the FASFA check list, before submitting:
* Driving License Number
* W-2 forms
* Latest federal income tax return
* Current bank statements and records of stocks, bonds, and other investments
* Business Records
So many factors affect the Financial Aid Eligibility requirements. To apply for the federal aid from the federal governments Pell Grant, Perkins Loan, Stafford Loan and work-study, students need to submit the Free Application for Federal Student Aid (FAFSA) which doesnt require any submission charges. Some private colleges, schools and universities involve additional forms to get additional information apart from the FASFA. Financial aid estimation form provides the estimation Financial Aid Amount by applying what if strategy. It also gives an idea how changes in income and assets affect the expected family contribution (EFC).Financial Aid also have a tool of Financial Aid Calculator to provide the estimation of the Expected Family Contribution with the help of ten questions. Once the process of application from filling is completed, the information will be analyzed by the Congress which calculates and determines eligibility. When combined with other aid and resources, a student's Aid Package may not exceed the Cost of Attendance.
There are two types of application procedures are available in Financial Aid Application process.
1. Apply Online
2. Apply on Paper
* Apply Online
Before completing the online Financial Aid Application online, the students need to create a register for a login account. Once the registration is completed, log on to the application process and follow the instructions of it. For extra assistance, can download the instructions for applying for financial aid. Still if you encounter any queries, please contact the Financial Aid Office.
* Apply on Paper
Most of the students prefer to submit the applications online, which is the most effective method of application for Financial Aid. If a student is unable to complete an online application, can contact the financial aid office to request a paper application.