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17.05
APPLYING FOR FINANCIAL AID
Effective: December 18,
1996
PURPOSE
To explain the method of applying for financial aid.
AUTHORITY/SOURCE
Title IV of the Higher Education Act of 1965, as amended. Reauthorized
by the Higher Education Amendments of 1992 (HEA) and The Higher Education
Technical Amendments of 1993 (HETA). Financial Aid Office with approval
of Financial Aid Committee.
POLICY
The financial aid application process begins each January for the following
academic year. Students who need financial assistance to cover college
expenses must file a Free Application for Federal Student Aid (FAFSA)
each year. Forms are available in the Office of Financial Aid for all
students and at public and private high schools for entering freshmen.
The deadline for priority consideration is posted no later than the
beginning of each application period in the Office of Financial Aid.
The FAFSA must be mailed directly to the Federal Processor. The Central
Processing System (CPS) uses the information from the FAFSA to calculate
the student=s official Expected Family Contribution (EFC). The Processor
will conduct electronic matches with the Social Security Administration,
Selective Service and Immigration and Naturalization Services to determine
eligibility for federal aid. The results are transmitted electronically
to the University
PROCEDURE
Applying for financial aid is a lengthy process which requires careful
completion of forms, attention to deadlines, and prompt response if
additional information is requested by the institution. Due to limited
financial aid funds, most forms of aid are awarded to students whose
files are completed accurately and on time. A student=s application
will not be reviewed until all required documents required to complete
the file are received in the Office of Financial Aid. Those applicants
who complete the application process after the deadline and who are
eligible will be considered and assisted to the extent that funds permit.
Failure to accurately report information sought on the application or
on supporting documents may result in the suspension or termination
of financial aid eligibility
Students selected
for Federal Verification must complete a Verification form and provide
copies of tax returns and other documents required by the Office of
Financial Aid that confirm the data submitted in the FAFSA.
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