How to Apply
Students and parents who have questions concerning the Financial Aid Application Process as outlined below, may contact the Financial Aid Office at 724-805-2555 or by email at email@example.com.
The Financial Aid Process
- File the Free Application for Federal Student Aid (FAFSA) as soon as possible after October 1. Priority filing deadline is May 1 to be considered for the Pennsylvania State Grant (other states may have different deadlines). Beginning with the 2017-2018 year filers will use income information from 2 years previous. For example, to complete the 2017-2018 FAFSA families will refer to their 2015 calendar year tax information. This tax year will be on file with the IRS and all filers are encouraged to use the IRS Data Retrieval Tool to pull their tax and income information into the FAFSA. You can submit a paper form or file online at http://www.fafsa.ed.gov/. Online filers are required to establish an FSA User ID. A paper application can be obtained by calling 1-800-4-FED-AID. Saint Vincent’s Federal school code is 003368.
- You should receive your FAFSA results - the Student Aid Report (SAR) - about 2 to 4 weeks after filing. It will come via U.S. Mail or email depending on how you filed. Check the SAR for accuracy and make any necessary changes. The school will get an electronic copy of this same information. The SAR will contain a figure called EFC or “Expected Family Contribution.” We use this figure to determine your family’s financial need.
- Receive your award packet outlining your financial aid eligibility. Thoroughly review all documents, returning any that need to be signed. Complete the Direct Loan Entrance Counseling and Master Promissory Note (MPN)online, as required by the Department of Education. Instructions for this process will be included in your award packet and are available in the Financial Aid Office.
- Determine if you will owe a balance to the college after all of your financial aid has been applied. You and your family then need to determine the best way to pay the balance. Generally, there are three options: Saint Vincent College’s Payment Plan Option, the PLUS (parent loan) or an alternative loan.
- Return all required paperwork. Your financial aid will be posted to your account in the Business Office. It is important that you have completed all the necessary steps in the loan process. Please apply for all loans no later than July 31 to allow sufficient time for processing.
- Be aware that your financial aid can change throughout the year as a result of verification, additional awards that come in for you, a change in housing status or number of credits, or failure to meet the standards of academic progress as outlined in Saint Vincent College’s Bulletin.
- Students are encouraged to check the Financial Aid Portal for outsides scholarship opportunities.
- Contact the Financial Aid Office throughout the year if you have a problem or questions about your financial aid.
Verification is the confirmation through documentation that the information provided on a student's Free Application for Federal Student Aid (FAFSA) is correct. The federal government requires colleges and universities to verify or confirm the data reported on the FAFSA. The verification process ensures that eligible students receive all the financial aid to which they are entitled. Students are selected for verification either randomly or because estimated information submitted on the FAFSA is deemed inconsistent. Once selected for verification, federal aid must not be disbursed until the verification process is completed. Changes to the FAFSA as a result of the verification process may result in a change to the Expected Family Contribution (EFC), and estimated financial aid awards. If a correction to the FAFSA is made by the college as a result of the verification process, the student will receive an updated Student Aid Report indicating the changes made.
The Verification Process
Students selected for verification will receive a Missing Document Letter from the Financial Aid Office which will outline the documents necessary to complete the verification process. The documents listed to the right can be downloaded, printed and returned to the Financial Aid Office.