Checklist for Financial Aid

2014-2015 Financial Aid Checklist

ATTENTION FRESHMEN ENTERING COLLEGE FALL 2014

Attending college for the first time is exciting and scary. What do you need to do? Be sure to fill out an application for admission and have your high school transcript sent to the college. Every student needs to file the 2014-2015 FAFSA (Pell grant, student loans, federal work-study). If you receive a scholarship of any type other than a foundation scholarship, you must file the FAFSA.

1. Apply for admission to Northwest.
All applicants must meet admission requirements to receive financial assistance. (Students must be admitted and currently enrolled in a degree granting or certificate program.)

2. Apply for the 2014-2015 Free Application for Federal Student Aid (FAFSA) Select one option below to apply:

ONLINE FAFSA APPLICATION
The preferred way to file a FAFSA is online at www.fafsa.gov. To complete the FAFSA form, you will need 2013 income tax returns (1040, 1040A or 1040EZ) along with 2013 W-2 wage earner statement from your employer(s) and your parent’s employer(s). Once you have completed your online FAFSA application, you can create a PIN to electronically sign the FAFSA before submitting. NOTE: If the FAFSA form is not signed with your PIN and your parent’s PIN, your FAFSA will not be processed to the schools that you have selected for approximately 14 days. They will assume that you are sending a signature page and processing will be delayed.

3. Waiting period.
The federal processor sends results to Northwest if you include school code 002427 on the FAFSA. A Student Aid Report (SAR) is also e-mailed to the student within 2-3 weeks. If a SAR is not received within 6 weeks, contact the Central Processing System at 1-800-433-3243 to check the status of the application.

IMPORTANT NOTE: Once completed, FAFSA provides you with an amount for which you “may be eligible”. Please be aware that it is a tentative or estimated amount subject to change if the Financial Aid Office determines that some of the data needs to be corrected. The output you initially receive is only as good as the data entered into the FAFSA. Once the data has been verified by the Financial Aid Office at Northwest, we will determine your award amount and notify you accordingly.

4. Respond immediately to the Northwest Financial Aid Office.
If more information is needed, you will receive a letter indicating the item(s) needed. In order to charge tuition, fees, and books against your financial aid award, submit requested information as soon as possible. This will avoid any delays in awarding your federal aid.

5. To determine if a file is complete:
An award notification letter indicating the type of aid and amount awarded will be mailed to the student each time an award is made. The student should sign and return one copy to the Financial Aid Office accepting or declining the award.

6. Maintain Satisfactory Academic Progress (SAP).
Students receiving any form of financial aid from Northwest will be expected to maintain satisfactory academic progress toward their degree objective. Class attendance and performance will be monitored. Click here for the SAP policy.