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Step1: Understanding the Aid Process
The first step in the Financial Aid Process is to check if you are qualified. Determine whether you can apply for financial aid as an dependent or independent student.
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Step2: Submitting the FAFSA Form
Almost all financial aid begins with your filing the Free Application
for Federal Student Aid (FAFSA). This form is required for all Federal Student Loans and many college
aid programs, including some scholarships.
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Step3: Processing
The Government processes the FAFSA form based on the information you submitted and creates a student aid report showing the EFC. The Government then sends the SAR to the student's college of choice and the student's family.
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Step4: Getting the Award
The College takes the SAR and based on cost of education, it creates a financial award letter that lists the aid the college will award the student. The difference between the cost and award given is the expected family contribution towards the cost of education.
The college will send the award letter to the student sometime in April or May.
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Step5: Your Financial Aid Options
Upon acceptance of the financial award letter, the student reviews the financial aid options awarded and any additional financial aid options that may be required.
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