Taking the Next Steps in the Financial Aid Process


William Smith


January 8, 2014
WILLIAM SMITH, Director of Financial Aid

If you received our last issue of Parent Perspectives, I hope that the tips we shared to get a jump start on the process of filling out the FAFSA were helpful.  If you have not yet begun this important step in the college application process, don’t worry, the initial steps will not take long.  Just click here if you need some help on getting started. Once completed, you can then file.

Filing the FAFSA Online
Assumption College strongly recommends that you file the FAFSA online.
  • Go to www.fafsa.gov
  • Click "Start A New FAFSA” and follow the instructions for completing the form
  • You should periodically click SAVE, especially if it will take you more than 30 minutes to complete a page. (This will avoid the chances of losing the information you have entered.)
  • At the bottom of each page, be aware of the button "Need Help?" Clicking this at any time allows you to obtain more information about the meaning of a question on that particular page.
  • You will need to list at least one college on the form.  As a reminder, Assumption’s Federal School Code is 002118.

Mid-February, students and parents who have completed their 2013 IRS tax return will be able to use FAFSA on the Web to electronically view their tax information. The tax information can also be securely transferred into the FAFSA.

Still Have Questions?  Join us for an Online Financial Aid Chat

FAFSA Priority Filing Deadlines
Most colleges establish priority filing deadline for FAFSA submissions and it’s important to meet those deadlines in order to ensure that students are considered for all available funding.  Assumption’s deadline is February 15, 2014.  If your federal tax forms will not be completed before the earliest college deadline, you'll need to submit the FAFSA with estimated figures.

Estimating Financial Information
When estimating, be as accurate as possible for your sake.  You don't want to discover in late spring that the college your child decides to attend is reducing your tentative financial aid award because the figures reported on your tax forms were considerably off from your earlier estimates.  If your income is similar to last year, using figures from last year’s tax return might be helpful.

Student Aid Report
After filing the FAFSA, you will receive a Student Aid Report, also known as a SAR. Your SAR is a record of your reported information that was forwarded to colleges. It is critical that you review the SAR to verify that the information is correct and that the correct colleges received it.
 
If changes need to be made, or if you wish to add additional colleges to your list, you may do so on the SAR. After any changes have been made, you should re-submit the SAR as indicated.
 
Questions?
Have questions about your financial aid forms? For questions about your PIN and the FAFSA, call: 800-4-FED-AID (800-433-3243)   

Or, you can always contact the Assumption College Financial Aid Office at (508) 767-7158 or fa@assumption.edu and we would be more than happy to assist you.

Sincerely,
William Smith
Director of Financial Aid
Assumption College

P.S. Online chats with the Assumption College Financial Aid Team begin on Friday, January 24. For your convenience, we've scheduled these chats during lunch hours and in the evening. We hope you will join us for the opportunity to learn more about the financial aid process or ask questions.

On the day of the chat, please visit www.assumption.edu/finaid.
Click on the "Chat Online" icon to join the Financial Aid Chat.

Friday, January 24
12:00 p.m. - 1:00 p.m.

Wednesday, January 29
1:00 p.m. - 2:00 p.m.

Monday, February 3
12:00 p.m. - 1:00 p.m.

Thursday, February 6
5:30 p.m. - 7:00 p.m.

Tuesday, February 11
5:30 p.m. - 7:00 p.m.