applying for financial aid
Step 1: FAFSA Application
Students/ Parents should apply for PIN# at www.studentaid.ed.gov
Less than 24 hrs after you applied, your PIN will be sent to your email.
- You can complete the FAFSA form at www.fafsa.ed.gov
- Please make sure to include LAHC's School Code (001224).
If applied with the PIN #, you will get your SAR within 1 week
If applied through mail, you will get your SAR in 2 to 3 weeks
Step 2: Required and
- form is available on-line within the SIS system under "Online Forms"
- Financial Aid Processing School -you must select your financial aid processing school within the LACCD. This is the school that you will complete your educational goal, enroll complete majority of your course works, and receive your financial aid funds from.
- Educational Goal - you must have an eligible educational goal to be eligible to receive financial aid.
- Student Authorization Form - you need to let the campus know if you are authorizing the campus to deduct any outstanding balance from your financial aid disbursement. Campus has a right to hold your financial aid disbursement until all outstanding balance is resolved.
- information provided on the SAR is routinely verified via a federally mandated data match system.
Items included in the matching process are:
- social security number
- date of birth
- selective service status
- DHS status
- citizenship status
- default and overpayment status on Title IV funds
Any student with a SAR indicating certain information not passing the data match(es) will receive a tracking letter from Financial Aid Office requesting documentation to clear the match(es).
If selected, you will be required to submit some or all of the following documentation:
- Verification Work-Sheet
- Copy of your, your spouse (if applicable), and/or your parents' most recent Federal Tax Transcript (1040. 1040A, or 1040EZ)
- Verification of High School Graduation
- Copy of Driver License or government issued identity card
- Verification of Household resources included untaxed income
- Transcripts from other college(s) attended
Your financial aid eligibility is determined after all the required documentation is received and your file is completed. After approximately 3 to 4 weeks, your Financial Aid Award information will be displayed in the campus SIS system specifying the type of awards and amounts for which you are eligible.
Step 3: Financial Aid Award Notification
Step 4: Financial Aid Disbursement
- Be enrolled in the qualified number of units for eligible financial aid program. (please see program requirements)
- Be meeting Satisfactory Academic Progress (SAP) requirement
- Not be in default on a federal student loan
- Have remain eligibility from the Financial Aid Programs
Changes for 2017- 2018
PRIOR- PRIOR YEAR
FATV has created a short playlist of three videos outlining the upcoming changes regarding Prior Prior Year (PPY). Instead of referencing it as PPY in our videos, we are referring to it as Early FAFSA Filing. The videos cover the new opening filing date of October 1st, which tax returns are needed, and other basic points.
What do I need to do differently?
To make sure you are in the running for financial aid:
Complete the FAFSA using 2015 tax information.
File your FAFSA as soon as possible. The form becomes available Oct.1-- a full three months earlier than previously allowed.
Who will be affected by the changes?
The Class of 2017 will be the first high school cohort to file the FAFSA on the new timeline using PPY tax data. All returning college students will also submit their applications following the new procedures.
When should I complete the FAFSA?
File the FAFSA as soon as you are able. The federal government awards roughly $150 billion annually to college students through need based grants, loans, and work-study funds. In addition to determining your eligibility for federal student aid, many colleges and states use the FAFSA when distributing grants. Money is limited in some instances, so don't delay. If you file your application late, you run the risk of finding out that certain funds-- such as work-study awards-- are already gone.
Will other college application deadlines move earlier into the fall?
At this point, it's too early to tell how or whether changes to the FAFSA will affect the admission application process. What will remain the same is that colleges may not set college application deadlines prior to Oct. 15, nor can they require students to make an enrollment decision prior to May 1 of their senior year (with the exception of Early Decision).
When will I learn my financial aid eligibility?
Institutional and state deadline for awarding aid will differ. Hundreds of colleges and universities are expected to provide financial aid packages earlier than in previous years. But not all schools will be on the same timeline. Despite having earlier access to students' financial data, colleges may need to estimate awards if state grant totals aren't approved by legislature in a timely fashion. Additionally, many colleges don't finalize, tuition for the coming academic year until spring, a critical piece of information when estimating cost of attendance.
More information in www. nacacnet.org/ppy