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 firstname.lastname@example.org.
The Financial Aid Process
- File the Free Application for Federal Student Aid (FAFSA) as soon as possible after October 1. Priority filing deadline for additional SVC need based financial aid is March 1. May 1 is the deadline to be considered for the Pennsylvania State Grant (other states may have different deadlines). To complete the 2020-2021 FAFSA, families will refer to their 2018 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. File online at http://www.fafsa.ed.gov/. Online filers are required to establish an FSA User ID at fsaid.ed.gov. Saint Vincent’s Federal school code is 003368.
- You should receive your FAFSA results - the Student Aid Report (SAR) - by email about 3-5 days after filing. Check the SAR for accuracy and make any necessary changes. The school will receive 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 in order to accept the federal student loans, 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 your financial aid has been applied. You and your family will 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. Additionally, students are encouraged to apply for outside scholarships.
- In July, you will receive an official bill that shows what you owe for the semester. It is important that you have completed all the necessary steps in the loan process. Please apply for all PLUS and Alternative loans by 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.
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, students will receive notification from the Financial Aid Office which will outline the documents needed. Federal aid will not be disbursed until the verification process is completed. Updates to the FAFSA as a result of the verification process may result in a change to the EFC and financial aid awards.