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Federal Aid in 4 Steps


April 30, 2013 http://www.southuniversity.edu/whoweare/newsroom/blog/federalaidin4steps

The thought of applying for federal student aid--be it loans, grants or scholarships--can be intimidating, but we're here to help! Along with cash payments, employer partnerships, military aid and scholarships, federal aid is one of the many means students may utilize to help finance their education at South University. Here's how you can apply for federal aid in four simple steps.

Calculating a Financial Plan

Step 1: Apply for a PIN

If you don’t already have one, you’ll need to apply for a Personal Identification Number (PIN). In the case of a forgotten or compromised number, request a replacement. It’s important to remember this number for future filing purposes. (Find out what to do if you forgot your PIN.)

Step 2: Gather Relevant Documents

To fill out the FAFSA, you should have certain information on hand. FAFSA will ask about the following:

  • - Your identity (including your social security number)
  • - Your savings and earnings
  • - Your family
  • - Your educational plans and status
  • - Your tax return numbers
  • - Our Federal School Code (013039)

If you are a dependent, the above information will also be needed for your parents. (Check your dependency status here.)

Step 3: Complete Your FAFSA

You’ll need to complete the FAFSA every year you are in school. For the 2013-14 school year, you can apply at www.fafsa.ed.gov until June 30, 2014. (Don't miss the deadline!) The site offers a fast and easy way of entering your tax return information by using the secure IRS Data Retrieval Tool that imports information from the IRS database into your application. The website also offers live, online help and instant access to estimates of how much federal aid you may receive. For additional assistance, contact your Student Finance Counselor.

Step 4: Discuss Your Financial Plan

We typically receive your FAFSA information within a few weeks of you completing the online application. Once we review your information and determine your eligibility for aid, you will be informed of the grants, scholarships and loans for which you qualify. Your Student Finance Counselor will work closely with you to establish your financial plan, taking into account your federal aid as well as any other means you are using to finance your education.

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