Business Coaching

Financial Aid - How does it work?

What happens after you apply for Financial Aid?

After receiving your completed FASFA application, the Department’s
processor will analyze your FAFSA information and, using a formula
established into law by Congress, calculate an Expected Family
Contribution
(EFC) for you.
The results of your application will be sent to the schools you list
on your application and to you in the form of a A Student Aid Report
(SAR) or a SAR Acknowledgement.

If you have a valid e-mail address on file, you will receive an e-mail
that provides you with a link to a Web site that will allow you to check
and print your SAR data online.

This e-mail will be sent to you as long as:
• Your name, date of birth, and Social Security number match
Social Security Administration records.
• You and your parents have signed the application or SAR.
• Your application record did not result from a subsequent application.

If you Do Not meet all of the above conditions, you will receive
your application results in the mail: A Student Aid Report (SAR)
if you apply using a paper FAFSA, or a SAR Acknowledgement
if you use FAFSA on the Web.

If you need to make changes to your application information,
you can make them electronically through Corrections on the Web
using your PIN, or return the corrected and signed paper SAR
for reprocessing.

Note:

You cannot make any changes to income or asset information
if that information was correct at the time you submitted your
original application.

Such information represents a “snapshot” of your family’s
financial strength and cannot be updated.

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