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Financial Aid 101
Financial Aid 101

Financial aid is a form of monetary assistance available to students attending a postsecondary institution. Students interested in receiving financial assistance must apply each year. The following steps should be followed when applying for financial assistance. However, you should always contact the institution you plan to attend to determine their requirements.

  1. First-time applicants should complete the Free Application for Federal Student Aid (FAFSA) either by mail or online. Continuing students should receive a "Renewal FAFSA" in the mail for completion. This application should be completed and submitted by the priority deadline set by your institution's financial aid office. Check with your specific school for details. You can obtain a FAFSA form by:

    • Visiting www.fafsa.ed.gov
    • Asking your school guidance counselor
    • Asking the financial aid office at the institution you are attending or are interested in attending
  2. After submission of the FAFSA, you will receive a Student Aid Report (SAR) through the mail. Review the SAR for accuracy.

    • If the SAR is correct, sign it and forward it to the financial aid office of the institution you plan to attend. The school will contact you if additional information is needed.
    • If the SAR is incorrect, make the corrections, sign it, and then return it to the address indicated on the form.

You will receive an award letter after the institution has processed your information. This letter outlines the type and amount of financial aid the school is able to offer you. You may be required to sign and return the award letter after you have accepted or declined each award. Follow the instructions provided by the school.

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