FAFSA Opens October 1, 2017
To be considered for most financial aid, students must submit the Free Application for Federal Student Aid (FAFSA). For fullest consideration, the federal processor must receive this form between October 1 & April 15 each year. We encourage every student who is thinking of pursuing any post-secondary education to file the FAFSA as early as possible. The application opens October 1, 2017 at www.fafsa.gov.
Types of Financial Aid:
- Grants are based on need & don't require repayment
- Scholarships are based on talent, academic ability, or other criteria and don't require repayment
- Fee waivers are based on special family circumstances and don't require repayment
- Loans are low-interest aid with various repayment terms; the major programs are the Federal Direct Stafford Loan and the federal Perkins Loan; parents may also borrow funds from the PLUS Program
- Work-study programs allow students to work on campus to help pay educational expenses
Steps in the financial aid process
- File the FAFSA at www.fafsa.gov. The federal processor must receive your FAFSA on or before April 15 each year for students to receive priority consideration for all financial aid programs (many colleges and universities have earlier deadlines to be considered for the most amount of aid, so please check the schools you're applying to).
- You will receive a Student Aid Report (SAR). If you provide an email address on the FAFSA, you'll receive a link to your electronic SAR; otherwise, one will be mailed to you. Carefully review your SAR for accuracy and make any necessary corrections.
- Respond immediately to any requests for additional information to verify your eligibility for aid. Requests may come from a college's Financial Aid Office or from the Indiana Commission for Higher Education (CHE).
- You will receive an award notification from the universities you've applied to. Carefully review these packages and any special messages that may be associated with the award(s).
- Be in contact with the college/university Financial Aid Office for any specific questions.
With the new opening date for the FAFSA, we want to share a number of resources that will be helpful as you navigate this process. Please click on the links below for more information: