School of Art Institute of Chicago Financia Aid Verification Worksheet Dependet
ane. What will I demand to consummate the Free Application for Federal Educatee Help (FAFSA)?
To complete the FAFSA, you lot will need:
- Your Social Security Number
- Your Alien Registration Number (if you are not a U.Southward. citizen)
- Your federal income revenue enhancement returns, Due west-2s, and other records of money earned. (Note: You may exist able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool.)
- Bank statements and records of investments (if applicative)
- Records of untaxed income (if applicable)
- An FSA ID to sign electronically.
If you are a dependent pupil, then yous volition also need most of the higher up information for your parent(s).
ii. What are the Dos and Don'ts when completing my FAFSA?
Dos
- Create an FSA ID
- Read each question carefully
- Complete every question co-ordinate to the instructions
- File a FAFSA as early as possible
- Have your most recent financial records and revenue enhancement data available
- Use the IRS Information Retrieval Tool pick to import taxation information direct
- Review your Student Aid Study and your Expected Family unit Contribution (EFC)
- Indicate your interest in different types of aid
- Submit a FAFSA each bookish twelvemonth
Don'ts
- Wait until the last minute to apply
- Presume funds volition be available at the last minute
- Rush through the application
- Include incorrect data or omit required information
- Assume you are not eligible and skip submitting a FAFSA
- Forget to sign your FAFSA
- Forget your FSA ID and countersign
3. What types of financial help do I employ for when I complete the FAFSA?
Eligibility for the following types of fiscal aid are determined when you complete the FAFSA:
- Grants: Financial aid that generally doesn't have to exist repaid.
- Loans: Borrowed money for college or career school; your loans must exist repaid with interest.
- Piece of work-Written report: A federal work program through which undergraduates and graduate students at participating schools earn money to help pay for school.
- And your FAFSA is used equally an awarding for state aid programs.
iv. What is UA - Pulaski Tech's Championship IV Code and what does it do?
UA - Pulaski Tech'south Title IV code is 014167. While completing the FAFSA, you lot will be asked to enter this code which will automatically transport an electronic version of your processed Student Aid Written report (SAR) to UA-PTC. This information will exist used by the UA-PTC Office of Financial Aid to determine your eligibility for federal—and mayhap nonfederal—financial aid.
five. When should I employ for financial help?
You can apply for financial aid at any time subsequently Oct 1.
Delight note:
- To be awarded federal help, you must be admitted to a caste seeking plan.
- To receive funds, you must be admitted and enrolled at UA - Pulaski Tech.
half dozen. I probably don't qualify for financial aid. Why should I apply?
Many families mistakenly believe they don't authorize for aid, preventing themselves from receiving help for which they may be eligible simply because they fail to apply. In addition, there are sources of financial assist, such as Unsubsidized Loan and Parent Loans for Undergraduate Students (PLUS), available regardless of demand. The FAFSA form is free. Information technology does not obligate the student or the parent in any way. In that location is no reason not to apply.
vii. I'm independent of my parents. I don't alive with them, I file my own taxes and they are not helping me with my college expenses. Tin I file for fiscal assistance without using their income information?
The federal aid programs are built on the premise that educating a child is a family responsibleness. The FAFSA gives specific criteria for determining when a student may file for federal aid without using parental income data. If there are other extenuating circumstances please feel free to contact a financial aid team fellow member for further help.
viii. I've submitted my FAFSA over four weeks ago and I oasis't heard anything. What should I do?
Students who oasis't received a SAR should call the Federal processor at (319) 337-5665 or 1 (800) 433-3243. Students can also check the condition of their application past visiting www.studentaid.gov.
ix. How do I transfer my fiscal aid to UA-PTC?
Financial help does not transfer from i schoolhouse to another school. Each school must make up one's mind your eligibility for fiscal aid. It may exist exactly the same at each school or it may differ considerably. We suggest the following process:
- Contact the fiscal aid office for the other school to inform them that yous are transferring and canceling fiscal aid.
- Add UA - Pulaski Tech to your FAFSA at www.studentaid.gov or you tin call ane (800) 433-3243 and request that your SAR exist sent to UA - Pulaski Tech.
When these documents are received by the UA-PTC Office of Financial Aid, a fiscal aid squad member will contact yous concerning the status of your application.
10. My FAFSA has been selected for verification, what does that mean?
The U.Southward. Department of Education randomly selects FAFSA'due south for a review procedure chosen "verification." This means UA-PTC must compare the data from your FAFSA with fiscal documents that y'all must provide to our office. You will be required to submit a re-create of your federal tax render transcript and verification worksheet.
If yous are a dependent student, you will likewise be required to submit a copy of your parent'due south federal revenue enhancement return transcript. You may also be asked to submit other documents, such as proof of the amount of un-taxed income yous or your parents receive, or verification of the family'southward assets. If you have any questions, please contact a fiscal assistance team fellow member.
11. When will I receive my financial aid refund?
This information is bachelor at www.uaptc.edu/pupil-accounts/fiscal-assist-refund-dates.
12. What are student loans? How do I apply for a student loan?
A student loan is a debt that must be repaid. Borrow responsibly, and alive only . Manage your coin advisedly, and stay inside budget while attending school to minimize your debt. Loan funds are for educational related expenses simply.
The UA-PTC Part of Financial Aid will automatically determine the students loan eligibility when setting up the students financial assist accolade packet. Students will accept the choice to have, reduce, or abolish their loan award. Monitor your UA-PTC student electronic mail business relationship for an award notice and consummate your online award letter of the alphabet through the fiscal aid portal.
For more information nigh student loans and other loan types available, visit www.studentaid.gov.
13. What's the divergence between a subsidized and an unsubsidized loan?
- Subsidized Loan - A low-interest loan made to students attending school at least function-time. Loans are made by the U.S Section of Education. Students who are continuously enrolled at to the lowest degree part-time make no payments on the interest or the principal of this loan.
- Unsubsidized Loan - Available to students who might not be eligible for a subsidized loan. The term unsubsidized means that payments on the interest should be made while yous are enrolled. Like a Subsidized Loan, these loans are made by the U.Southward. Department of Education. Unlike Subsidized Straight, interest begins accumulating immediately.
14. What are PLUS loans and how can I apply?
Parent Loan for Undergraduate Students (PLUS) is a federal loan that a parent borrows to assistance their child (dependents just) pay for educational expenses. The parent borrower must take acceptable credit. Students whose parent has been denied a PLUS may exist eligible to receive boosted Unsubsidized Stafford loan funds. To use and for more than data, visit www.uaptc.edu/financial-assist/plus-loan.
xv. Tin can I receive additional funding for an Unsubsidized loan?
Students may request additional funding for an Unsubsidized loan. For instructions visit, www.uaptc.edu/fiscal-aid/request-boosted-loan-funds.
xvi. What is Entrance Counseling?
The federal government requires all first-time student loan borrowers to participate in Entrance Counseling prior to receiving a Federal Pupil Loan. During this online session students volition review:
- Basic facts virtually loans
- Managing their education expenses
- Rights and responsibilities as a student loan borrower
17. Who practice I contact if I need help with money management related to my student loan?
UA-PTC has teamed up with Arkansas Student Loan Authority (ASLA) to provide y'all with information well-nigh student loans and money management.
18. Can I cancel my loan if I change my mind?
Yes. Students may cancel all or a portion of their loan by informing the UA-PTC Office of Fiscal Assist in writing.
Source: https://uaptc.edu/financial-aid/faq
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