Financial Aid Award Cycle

3 BASIC STEPS (refer to FAFSA INFORMATION link on the left side of this page)

SPECIFIC PROCESS

The Student

1. Completes FAFSA

2. Has results made available to school

3. Priority deadline is reached

The Institution

4. Calculates student need

5. Compares student attributes to the requirements of individual aid programs

6. Identifies viable programs and determines amounts to be offered to the student

7. Sends student an Award Letter

The Student

8. Reviews Award Letter

9. Accepts or rejects the aid that is offered

10. Notifies the college of his/her acceptance or rejection of the offer

The Institution

11. Holds funds for the student

12. Acquires loan guarantee (if applicable)

The Student

13. Receives the aid