1. The FAFSA Amy Gooden- Muskingum University
FINANCIAL AID
The FAFSA
Amy Gooden- Muskingum University

2. FAFSA Free Application for Federal Student Aid www.fafsa.gov
Determines your EFC
Colleges use the EFC to calculate
your financial aid eligibility

9. Common FAFSA Errors Social Security Numbers
Parent income reported in student section
Parent’s marital status
Tax Paid
Income earned from work
Untaxed income

10. After filing your FAFSA
The schools you listed will receive your information.
At the same time you will receive a Student Aid Report.
Your schools will follow up with you if they need any information.
Contact your school if you have any unusual financial circumstances.

11. Making Corrections
If necessary, corrections to FAFSA data may be made by:
Using FAFSA on the Web ( if student has a PIN
Updating paper SAR
Submitting documentation to college’s financial aid office

12. Verification
Your FAFSA application is selected by the Central Processing System (CPS). You must provide specific information to the financial aid office before your financial aid can be finalized.
The financial aid office will send you a form listing the information they need. May include:
IRS Tax Transcript ( ) or use
Data Retrieval Tool
Household size and number in college
Untaxed income:
Child Support Paid
Food Stamps
Income from work

13. Special Circumstances
Change in employment status
Medical expenses not covered by insurance
Change in parent marital status
Unusual dependent care expenses
Student cannot obtain parent information*

14. Types of Financial Aid Need Based and Non-Need Based Scholarships
Grants
Loans
Employment

15. Common Federal Aid Programs
Federal Pell Grant
TEACH Grant
FSEOG
Federal Perkins Loan
Federal Work-Study
Federal Direct (Stafford) Loans
Federal Direct PLUS Loans
PELL - Awarded to eligible undergraduates pursuing first baccalaureate degree and certain students enrolled in post-baccalaureate teacher certification or licensing programs
Actual award amount based on COA, EFC, and enrollment status
Maximum award for = $5,550
Perkins max $5500 annually

16. Common State Aid Programs
Ohio College Opportunity Grant
Ohio War Orphans/Safety Officers Memorial
Ohio National Guard
NEALP and STEM
1-877-I-ATTAIN ( )
Ohio War Orphans
covers 80% of tuition and fees at public universities and community colleges $4,400 annual award at independent and proprietary

17. Resources www.fafsa.gov 1-800-433-3243 (FAFSA Helpline)
1-877-I-ATTAIN (Ohio Helpline)
(Scholarship Search)