1. Miami Dade College
Financial Aid

2. WHAT IS FINANCIAL AID? The primary goal of financial aid is
to assist students in paying for
college. It is a source of monetary
support that comes in the form of:
• Scholarships
• Grants
• Loans
• Employment opportunities

3. PRIMARY SOURCES OF AID
• FEDERAL
• STATE
• INSTITUTIONAL
• PRIVATE

4. HOW TO APPLY
• Complete the free application for Federal Student Aid (FAFSA) as early as possible (application is available as of January 1st of every year)
• Options:
File electronically at
Apply for your pin at
Complete paper application
Submit a FAFSA even if you do not think you qualify for aid

5. Use IRS Data Retrieval Tool

6. APPLICATION REQUIREMENTS
• Valid Social Security Number
• Prior year Income Tax documents
• You can file the FAFSA with estimated income
information if you do not have your taxes completed. After you and/
or your parents file your taxes, it is recommended that you update
your FAFSA with the actual tax information using the IRS data
retrieval process.
• PIN number to complete electronic submission

7. General Student Eligibility Criteria
Must be enrolled or accepted for enrollment in eligible program of study (full time enrollment not required)
Must be pursuing degree, certificate, or other recognized credential
Must be U.S. citizen or eligible noncitizen
Must be registered with Selective Service (if male and required)
May not be in default on a federal student loan
Must not owe an overpayment of federal grant or loan funds
Must be making satisfactory academic progress (as defined by school)
May not have eligibility suspended or terminated due to being convicted of a drug-related offense
Must show proof of standard high school diploma 7

8. TIMELINES RESPONSE • The electronic application
takes approximately 1-2
weeks to process
• The results from FAFSA will be
sent to the student and the
college/colleges the student
selected
• The college will send follow up
correspondence on the status of
the file
• The student will receive via a
Student Aid Report (SAR) which is a
summary of all the information you
submitted
• Review the SAR and make
corrections and resubmit if
necessary
• No need to submit the SAR to the
Financial Aid Office

9. VERIFICATION
• Confirms accuracy of information reported on FAFSA by students
and parents
• Application selected for verification by CPS or by school
• Common documents requested:
IRS Tax Return Transcript
Verification worksheet
1040s no longer accepted

10. Changes to FAFSA
The FAFSA will include 2 new tax return filing status questions for students and parents in regards to marital status inconsistencies reported with the IRS, that are meant to help secure the accuracy of the application’s EFC calculation
The FAFSA will collect information from both of the dependent student’s legal (biological and or adoptive) parents if the parents live together, regardless of the marital status or gender of the parents.
Consistent with the Supreme Court’s decision on the Defense of marriage act, the FAFSA will include guidance that marriage includes both legal marriages of persons of the opposite sex and legal marriages of persons of the same sex in jurisdictions where it is allowed. Without regard to where the couple resides.

11. THANK YOU!