FAFSA: Free Application for Student Federal Aid
Individuals seeking financial aid must complete the FAFSA. The FAFSA is used to determine if an individual qualifies to receive financial aid like the Pell Grant and other need based scholarships and funding. The FAFSA application is available from high school counselors, at public libraries, and from IAIA. However, IAIA encourages individuals to apply online at www.fafsa.ed.gov. Applying online significantly reduces FAFSA processing time. There are two steps to completing the FAFSA online:
Individuals completing the FAFSA will need their last year’s taxes, and, if considered a dependent, their parents’ last year’s taxes. Also, if individuals are interested in attending IAIA, you will need to enter IAIA’a school code, #014152.
The Department of Education utilizes Federal Needs Analysis Methodology along with various information reported on the FAFSA to determine an individual’s Expected Family Contribution (EFC). After processing the FAFSA, the Department of Education sends the individual a Student Aid Report (SAR) and sends the school(s) listed on the FAFSA an Institutional Student Information Record (ISIR).
The SAR and the ISIR contain information regarding the individual’s EFC. The difference between the individual’s EFC and the cost of attendance at the school determines an individual’s unmet need. IAIA’s cost of attendance includes the following: tuition, fees, room and board, books and supplies, transportation, and personal expenses. If you have questions regarding the FAFSA, please call 1-800-804-6422 or e-mail email@example.com .