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Appalachian State University. Office of Student Financial Aid 828.262.2190 FAFSA School Code 002906. Completing a FAFSA. In order to review your eligibility for financial aid, you must complete a FAFSA every year. You may re-apply after January 1st www.pin.ed.gov www.fafsa.ed.gov
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Appalachian State University Office of Student Financial Aid 828.262.2190 FAFSA School Code 002906
Completing a FAFSA • In order to review your eligibility for financial aid, you must complete a FAFSA every year. • You may re-apply after January 1st • www.pin.ed.gov • www.fafsa.ed.gov • You SHOULD NOT pay to complete the FAFSA
Completing a FAFSA • Once a FAFSA is processed through the Department of Education, Appalachian will download the FAFSA and begin processing your information. • Once your FAFSA is received, ASU will check for any eligibility for Federal Grants/Scholarships, State Grants/Scholarships, and Federal Direct Loans. Students will be awarded based on eligibility. • One in three FAFSAs are selected for a process called verification.
Completing a FAFSA • The Federal Government will no longer allow us to accept tax return copies when completing verification. • When completing your FAFSA use the IRS Data Retrieval tool to bring in your tax information. • If you cannot use the IRS Data Retrieval Tool, you may request a tax return transcript and send in a signed copy.
Dependency Status • To be considered an independent student, you must be able to answer “Yes” to at least one of the Dependency Questions on the FAFSA (Questions 45-57)
Award Letter • Once a student has been awarded, the award letter will only be viewable via the AppalNet account. • ASU will no longer be mailing paper copies of the award letter. • Instructions regarding accepting/declining the award letter can be found via our website at www.financialaid.appstate.edu.
Sources of Gift Aid Grants UNC Need-Based Grant NC Need-Based Grant NC Educational Lottery Scholarship Institutional Grants (Admission’s Office for incoming students) • Federal Pell Grant • Federal Supplemental Educational Opportunity Grant
Sources of Gift Aid Scholarships • Federal • State • Institutional • Private
Sources of Self Help Employment Loans Federal Direct Subsidized and Unsubsidized Loan Federal Direct PLUS Loan Private Loans Federal Perkins Loan • Federal Work-Study • Student Temporary Employment
Basics to Financial Aid • ASU is required to adjust aid based on registered hours at the census date (Drop/Add date). • Aid will be adjusted based on actual hours.
Fund Disbursements • In order for funds to be disbursed to the university, the student/parent must complete all necessary requirements. • Required documents can be downloaded from our website, www.financialaid.appstate.edu, and the student’s AppalNet account
Fund Disbursements • Funds cannot be disbursed to the University earlier than 10 days prior to the beginning of the term. • All funds may not be applied to the student’s account simultaneously. They will be applied once the University receives the funds.
Fund Disbursements • Refunds are disbursed from The Office of Student Accounts. All refund questions should be directed to the Office of Student Accounts at 828.262.2113, then press option “0.” • Refunds are normally processed after the first day of classes for the term.
Guaranteed Funds • In order for loans to be guaranteed, you must complete the required steps (i.e. Master Promissory Note, loan counseling, Plus request form) • The instructions for loans can be found on our website beneath the “Applying for Financial Aid” link.
Student Responsibility • It is the student’s responsibility to check their AppalNet account at least twice per week (Sign in to AppalNet account, Check Email, Use Self-Service tab, etc.) • All notifications from our office will be communicated to the student via the AppalNet account.
Student Responsibility • The student may grant access to a parent via their AppalNet account. • The student must grant parent access and the the parent must be on the FAFSA before we can discuss any specific account information with them.
Office of Student Financial Aid Office Hours: Monday – Friday 8:00am – 5:00pm General Office Phone: 828-262-2190