Financial Aid
Financial Aid Information Night Highlights

Highlights from the Financial Aid Information Night held January 14, 2016

FAFSA—Federal Application for Federal Student Aid—www.fafsa.gov

FSA ID: Replaced the PIN

  • The FSA ID (username and password) now replaces the PIN for students, parents and borrowers accessing FSA systems.
  • The FSA ID
    • Provides more secure access to user’s information
    • Links to PIN information during registration
    • Offers self–service capability (name change)
  • What happens for new users?
    • Registration requests same required information as PIN
    • New users will be directed to the registration page to create an FSA ID (username and password) similar to today’s PIN creation page
  • What happens if I have a PIN already?
    • During account creation, user will be asked for their PIN.
    • As long as the PIN information matches their other information, the account will be linked to the FSA ID account
  • Will the changes affect a user’s ability to access previous FAFSA submissions?
    • If the user links their PIN, they will have access to previous FAFSA submissions

Where can I find funding sources:

  • Pell Grants – Based on EFC
    • Automatic with eligibility
    • Range from $290 to $5,775 for 2015-2016
  • FSEOG
    • Supplemental grant for the neediest of students
    • Based on availability
  • TEACH Grant
    • For those planning to teach in high-need fields
    • Agreement to Serve
  • Kansas Comprehensive Grant
    • Determined by the KS Legislators
    • Available at 4-year Colleges & Universities
    • Based on availability
  • Federal Work Study
    • Federal dollars paid in exchange for part-time employment in designated jobs
    • School comes first
  • Federal Direct Loans
    • Subsidized
    • Unsubsidized
    • Parent/Grad PLUS Loans
  • Private/Alternative Loans
    • Exhaust federal aid options first

New Timeline for Filing the FAFSA!

  • 2016-2017 FAFSA – Available January 1, 2016 (Use 2015 Income)

    2017-2018 FAFSA – Available October 2016 (Use 2015 Income)

                Advantages of the new timeline for Class of 2017

    • Possibly know the complete aid package as early as the FALL semester
    • Plenty of time to make college decisions
    • Prior-prior year data helps avoid costly delays

Especially by using the IRS Data Retrieval Tool (DRT) 

How many schools (colleges) can I select to receive my FAFSA information?

  • Students can select up to 10 colleges to receive their FAFSA results

What happens after I submit my FAFSA information?

  • A summary of your application is created for your review & sent to your selected schools electronically
    • Summary is called a Student Aid Report (SAR)
    • Students with FSA IDs may view SAR online at www.fafsa.gov
  • If schools require further information or documentation, they will contact the student directly
    • Make sure students know how each school communicates with them

Watch for award notifications