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How to Apply for Financial Aid

How to Apply for Financial Aid

Applying for Financial Aid can be a stressful process, but Ursuline’s capable Financial Aid and Student Service Center staff are here to help with any questions you may have. We are happy to assist you in reaching your goal of obtaining a college degree!

Although applying for financial aid may seem like a daunting task, with the help of the many resources provided at Ursuline College, we hope to alleviate the stress associated with completing the following steps. In addition to the provided FAQ and the how-to listed below, our financial aid counselors are available for one-on-one meetings with students and families, and our attentive Student Service Center staff is able to answer many questions about the FAFSA and application process. Please feel free to contact us with any questions you may have.

Applying for Financial Aid can be a stressful process, but Ursuline’s capable Financial Aid and Student Service Center staff are here to help with any questions you may have. We are happy to assist you in reaching your goal of obtaining a college degree!

Although applying for financial aid may seem like a daunting task, with the help of the many resources provided at Ursuline College, we hope to alleviate the stress associated with completing the following steps. In addition to the provided FAQ and the how-to listed below, our financial aid counselors are available for one-on-one meetings with students and families, and our attentive Student Service Center staff is able to answer many questions about the FAFSA and application process. Please feel free to contact us with any questions you may have.

Completing the FAFSA

The Free Application for Federal Student Aid (FAFSA) is a form that is completed annually by students and their families used to calculate each student’s Estimated Family Contribution (EFC). The EFC is then used to determine the student financial need and federal and state aid eligibility.

The FAFSA for the 2018-2019 academic year will be available online beginning October 1, 2017. We recommend students and their families complete the FAFSA as soon as possible to have the best chance possible at receiving any funds that they are eligible for. Any student wishing to apply for financial aid should complete the FAFSA online, regardless of whether or not they think they will receive aid. In order to ensure Ursuline College will receive your results, please use our school code, 003134.

Electronic FAFSA processing takes approximately one week. You will receive an electronic Student Aid Report (SAR) in response and the same results will be electronically sent to each college you listed on your application. If you are unable to complete the FAFSA online, you can request a paper FAFSA. Paper FAFSA’s are only available only by calling 1-800-433-3243.

If you are a high school junior or senior and would like to have an estimated EFC before completing the actual FAFSA application, please go to: www.fafsa4caster.ed.gov - remember the results are only an estimate of the Federal EFC that is calculated when you file the FAFSA form. 

Student and Parent FSA ID

Students and at least one parent are required to use a Federal Student Aid (FSA) ID Username and Password to access certain U.S. Department of Education websites.  You must first obtain this FSA ID Username and Password in order to electronically sign the FAFSA. You can apply by clicking the icon at the top of the FAFSA on the Web page or directly by clicking here. 

Your FSA ID will not only give you access to your FAFSA information, but it will also allow you to make corrections on your application, sign student loan promissory notes, and view your federal loan history. Remember that the parent who will be signing the FAFSA and the student need to apply for an FSA ID and use them to electronically sign the FAFSA on the web.

Key Dates for FAFSA Completion

If you are planning on attending college between July 1, 2017 and June 30, 2018:

FAFSA Year: 2017-2018
Dates for Submission: 10/1/2016 – 6/30/2018
Tax Year Used: 2015

If you are planning on attending college between July 1, 2018 and June 30, 2019:

FAFSA Year: 2018-2019
Dates for Submission: 10/1/2017 – 6/30/2019
Tax Year Used: 2016
Ursuline College Supplemental Application

Returning students should also complete the Ursuline College Supplemental Application. This can now be completed on-line through Net Partner. This supplemental application updates the financial aid office on any changes in your major or expected graduation date as well as how many credit hours you plan to take in the coming year. 

Applying for State Aid

Ohio residents do not need to complete a separate application for the Ohio College Opportunity Grant (OCOG). Information is sent to Ohio HigherEd upon completion of the FAFSA. The state organization does have a deadline of October 1st – your FAFSA application must be received by then in order to be considered for state funds. For example, a 2017-2018 FAFSA must be submitted by October 1st, 2017 in order to meet the eligibility requirement for the 17-18 school year. If you complete the FAFSA early each year, you should not have to worry about this deadline.

Tips for Completing the FAFSA
  • Apply as early as possible! Most funds are awarded on a first-come/first-serve basis. Late applications may result in loss of Institutional Aid. 
  • Be sure to list the Ursuline College as the school to which you want your financial aid information sent. Ursuline College’s school code is 003134. If you do not enter the school code, we will not receive a copy of your application results. 
  • Filing the FAFSA via the web is quicker and helps you in editing errors you may have on your application. 
  • If you are filing the FAFSA on the Internet at http://www.fafsa.ed.gov, you should first apply for your FSA ID. You can apply at www.studentaid.gov/fsaid. 
  • If completing a paper FAFSA, please write legibly. You may only use a black pen to complete the FAFSA. 
  • Make sure to answer all questions that are asked of you. Do not leave a question blank if the answer is zero. 
  • It is best to answer all questions in the Asset Section of the FAFSA, even if you feel you are not required to do so. If this section is left incomplete or blank it could cause processing delays. If you provide asset information and you did not need to, the information will not be used in the analysis. 
  • If you answer “NO” to all of the questions in Dependency Section of the FAFSA, you are considered a dependent student and will be required to list parental information on the FAFSA. The Central Processor will reject applications that are missing this information. 
  • It is easiest to use the IRS Data Retrieval process offered within the FASFA application to input your financial information.  This will take you out to the IRS website to access your information and if you indicate to do so, the data will be automatically transferred to your FAFSA application.  If you are eligible and use this process, do not make any changes to the income data transferred – this will invalidate all of the data transferred. 
  • If you must complete a paper FAFSA be sure to make a copy of your completed FAFSA application before mailing it. This will save a lot of time and heartache if your application happens to get lost in the mail. 
  • The Federal Central Processor randomly chooses 30% (1 out of 3 applications) of all applications submitted for a process called Verification. If you are chosen, you will be required to submit documentation to verify the information you submitted on your FAFSA.  Income is verified with copies of student/spouse or parent (if applicable) IRS Tax Return Transcripts or by using the IRS Data Retrieval process within the online FAFSA application.  Copies of your IRS Tax Return Transcript can be obtained by calling the IRS at 1-800-908-9946 or through the IRS website at www.irs.gov/transcript.

Are you ready?

If you’re ready to see how you can change the world as an Ursuline student, begin your application below. Not ready to apply yet? Start learning more about Ursuline by requesting information or visiting today.