|
Q. How do I apply for financial aid?
A. To apply for all forms of financial aid (including the Federal Stafford Loan), you must complete the FAFSA, which can be done online at http://www.fafsa.ed.gov/.
Q. When should I file the FAFSA?
A. The FAFSA should be filed each year that you plan to attend. It should be filed as soon as possible after January 1. Ideally, you should wait until after you have filed your federal income tax return since that information is necessary to complete the FAFSA. It is recommended that you file the FAFSA at least one month prior to these dates in order to be considered a priority applicant.
Q. What is Tonsorial Academy Title IV School Code for the FAFSA?
A. Our Title IV School Code is 041629.
Q. What is a PIN for financial aid purposes?
A. A PIN is the code that you need to: sign your FAFSA online, access and make corrections to your FAFSA online, access and submit your renewal FAFSA online, and access the National Student Loan Data System (NSLDS) web site to view information about your loans and other federal student aid you have received. Your PIN is similar to the PIN you use to access your bank account. To protect the privacy of the information you are submitting, you must keep your PIN in a safe place. If you need a PIN, have lost or forgotten your PIN, or if you think someone else knows your PIN, you can request a new one at http://www.pin.ed.gov/.
Q. Once my financial aid has been processed, how will I be notified?
A. All notifications will be due by phone.
Q. If my parents are separated or divorced, do they both have to provide their information on my FAFSA?
A. The custodial parent and current spouse, if any, must complete the FAFSA. The non-custodial parent is not required to report their information on the FAFSA. On the other hand, the custodial parent must include child support received from the non-custodial part on Worksheet B of the FAFSA.
Q. How do I become an independent student for financial aid purposes?
A. You can only be considered independent if you meet one of the following criteria: are 24 years old by December 31 of the involved aid year, are a veteran of the U.S. Armed Forces or serving on active duty for other than training purposes, are married, are an orphan or ward of the court, or have children or dependents who receive more than half of their financial support from you. If you do not meet one of these criteria, you must provide your biological or adoptive parent(s) information on the FAFSA, regardless of whether or not you live with them or receive any financial support from them.
Q. What is my Expected Family Contribution (EFC)?
A. Your Expected Family Contribution (EFC) is the amount you and your family are estimated to be able to contribute toward your education in a given year. It is not the amount that you will actually have to pay. Your EFC is listed on your Student Aid Report (SAR) based on the processing results of your FAFSA. Your EFC also assists the Financial Aid Office in determining your financial need and your eligibility.
Q. What do I do with my Student Aid Report (SAR) that I received in the mail or via e-mail?
A. Review your Student Aid Report (i.e., the results of your FAFSA) for accuracy. If any information is incorrect, make the necessary corrections and re-submit it to the federal processor. Changes can be made online at http://www.fafsa.ed.gov/. Otherwise, retain the SAR for your records. The Financial Aid Office will receive your information electronically; therefore, there is no need to submit your SAR to us.
Q. How long does it take for my financial aid eligibility to be reviewed once the FAFSA is received by the Financial Aid Office?
A. You will usually hear something by phone within a week or so of the Financial Aid Office receiving the results of your FAFSA. Keep in mind that once you submit your online FAFSA to the Department of Education, it normally takes about a week or two for the application to be processed and for the results to be sent to the schools you listed. The paper application takes twice as long to be processed. Therefore, if you submitted your FAFSA online, the turnaround for receiving a response from the Financial Aid Office is approximately 2-3 weeks from the time you submit it.
Q. How will I know what type of aid I am eligible for?
A. Once your FAFSA and any other requested items are reviewed by the Financial Aid Office, you will be sent an award notice. This notice will outline your financial aid eligibility.
Q. How can I figure out how much money I need?
A. Use our Net Price Calculator to know about your estimated expenses.
Q. What if I am not eligible for any federal/state grants ?
A. You will be provided with the option to apply for a Federal Stafford Loan.
Q. If my or my family’s current year income will be drastically lower than last year’s income (i.e., the year I reported on the FAFSA), what do I do?
A. If the reduction in income resulted from an involuntary action (i.e., being fired, laid off, or becoming disabled), contact the Financial Aid Office to request a Special Circumstance Form. Complete and submit the form, along with appropriate documentation, to the Financial Aid Office for consideration. Often projected year income can be considered. These considerations are made at the student’s request and on a case by case basis. If the reduction in income was voluntary (i.e., you chose to reduce your hours or quit your job), this will not be considered. In this case, you may only see the change in eligibility when you file the next year’s FAFSA using the current year income.
Q. Will my financial aid eligibility be reviewed again while I am attending?
A. Each year you will be required to re-apply for financial aid by renewing your FAFSA form. In this way, changes in your family's financial situation and changes in John Tyler Community College’s tuition and fees can be considered. As a result, your financial aid eligibility may change from year to year.
|
