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Applying For Federal Student Financial Aid

Saturday, May 17, 2014

The Department of Education (DOE) runs the Federal Student Aid program.  To apply for Federal Student Aid, you need a DOE Pin number and you need to complete the Free Application for Federal Student Aid (FAFSA) form prior to the deadline set by your targeted school.

Financial Aid PIN

The student applying for aid and a parent (if student is under age 24) should apply for a pin number at the following web site:

http://www.pin.ed.gov/PINWebApp/pinindex.jsp

You will need the student/parent’s social security account number (SSAN) and other personal information, such as date of birth, to complete the on-line pin application.

This pin allows the student and the parent, if required, to electronically sign their FAFSA form and submit it on-line.  Doing so saves a lot of time and effort in submitting the FAFSA.

The FAFSA

To file a FAFSA on line, go to:  http://www.fafsa.ed.gov/

Be careful to follow the instructions regarding moving around inside the form once you open it and start entering data.  If not, you may lose your data input.  Each school sets a deadline for when the FAFSA must be received by their financial aid department.  Part of the FAFSA completion process is to identify those colleges and universities to which you want your FAFSA sent.  Each school has its own FAFSA code and there is a look-up engine on the FAFSA web site.  You must complete a new FAFSA each year you wish to be eligible for aid.  The second year, the web site will pre-populate your previous year’s data so all you need do is confirm and update the inputs.  It is recommended you complete the FAFSA as early as possible after January 1 of the year to intend to attend school.  Generally, we recommend you wait until your and/or your parents’ W-2(s) arrive since that is needed to complete the form and to complete your tax returns.

You do not need to complete your and/or your parents’ tax returns before filing the FAFSA, but once you do file, you must go back and update the income tax information or the school’s financial aid department may delay your award.

See the attached list of data you will need to complete the FAFSA.

Other Useful Information

The following web site offers a portal to useful information, including a link to the FAFSA web site.  The link, Student Aid on the Web is very informative regarding the types of federal student aid, applying for college, cost estimator and more.

http://federalstudentaid.ed.gov/students.html

We also have links to these and other useful web sites on our web page:

 www.gotrinitywealth.com