Step 1 – Get a PIN

If this is your first time filling out the Free Application for Federal Student Aid (FAFSA), and you haven’t applied for a PIN, you should do so now.

Your PIN is what allows you to complete the FAFSA paper-free! You’ll need your PIN to make online corrections to your FAFSA, including changing your name and address, or adding/changing the name of a school to receive your application data.

The PIN is also your identifier to let you access personal information in various U.S. Department of Education systems.

Step 2 – FAFSA Application

Complete the FAFSA by Feb. 15.

FAFSA stands for Free Application for Federal Student Aid, collected by the U.S. Department of Education.

• School FAFSA Code – 002968 (needs to be added in step 2.)

Net Price Calculator (Tuition Estimator)

Tuition and Fees

• 2014-2015 Tuition and Fees

Scholarships

Documents and forms

• Satisfactory Academic Progress Policy (SAP)
• Condition of Award

Links to:

• FAFSA Website – www.fafsa.ed.gov
• Pin Website – www.pin.ed.gov
• Federal Student Loans- www.studentloans.gov
• Private Education Loans – Fast Choice
• National Student Loan Data System- www.nslds.ed.gov
• USA Funds Life Skills Information- www.lifeskills.org
• United Negro College Fund- www.uncf.org

NOTICE

Applying for financial aid is an annual process. You must complete a FAFSA each year for which you are requesting financial aid.

Your Expected Family Contribution and your costs will be reevaluated each year, and as a result your financial aid package may change.

Meeting Saint Augustine’s University’s financial aid application priority date of March 1 is critical to ensuring that your financial aid package is the most favorable package we can offer.

Step 3 – Your Contribution

When you apply for federal student aid by completing the Free Application For Federal Student Aid (FAFSA), the information that you report (income, assets, number of family members, number in college, etc.) is applied to a formula established by the U.S. Congress.

The formula calculates your family’s ability to pay for your educational expenses, and produces a figure that is referred to as your Expected Family Contribution (EFC).

Your financial need is the difference between your cost of attendance, as calculated by the institution, and your Expected Family Contribution. This calculation is often expressed as follows:

Cost of Attendance – Expected Family Contribution = Financial Need