10 STEPS TO APPLY FOR FINANCIAL AID 2014 - 2015
You MUST reapply for financial aid each year. Awards are not automatically renewed.
Step 1. YOU AND YOUR PARENTS NEED TO FILE THE 2013 FEDERAL INCOME TAX RETURNS
Step 2. COMPLETE YOUR FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) ONLINE
The FAFSA must be completed by March 24, 2014. The school code for Bethune-Cookman is 001467. To ensure a more timely completion of your Financial Aid package PLEASE CHOOSE THE IRS DATA RETRIEVAL OPTION when completing the FAFSA. The IRS data retrieval option is available within 1-2 weeks of electronically filing your taxes and within 6-8 weeks of filing a paper federal tax return. For assistance with your FAFSA, go to the following website: http://www.finaid.ucsb.edu/media/videos/1415/english/5-minute-fafsa.swf You and your parent (if you are dependent student) will need a PIN to electronically sign your FAFSA. If you don't have a PIN, you can apply for one at the time you electronically sign your FAFSA.
Step 3. SUBMIT THE REQUIRED DOCUMENTS
In order to complete the processing of your aid, additional forms may be required for verification, loans, and scholarships. To check the status of your financial aid awards and to find out what forms are required go to https://pfweb.cookman.edu/NetPartnerStudent . All required forms and supporting documents must be submitted by April 24, 2014. Submitting incomplete forms without the supporting documents will delay the processing of your financial aid.
Step 4. COMPLETE YOUR FAMILY EDUCATIONAL RIGHTS AND PRIVACY ACT (FERPA) Form
FERPA ensures the privacy of your student aid records by requiring prior written consent before disclosing personal information to a third-party. This form can be accessed at https://pfweb.cookman.edu/NetPartnerStudent.
Step 5. COMPLETE THE FLORIDA RESIDENT ACESS GRANT (FRAG) APPLICATION) (FLORIDA RESIDENTS ONLY)
In order to qualify for Florida State funds you must complete the Florida Resident Access Grant Application at http://www.cookman.edu/documents/finaid_docs/FRAG3.pdf. Florida residents are required to provide two forms of Florida Residency documentation. If you are a dependent student, you must provide proof that your parent(s) are Florida residents.
Step 6. COMPLETE VERIFICATION(Only if selected by FAFSA or B-CU for verification)
Review information sent to you from the Financial Aid Office. If you have been selected for Verification, you and your Parent (if a dependent student) must (1) select the IRS Data Retrieval Option in the FAFSA. If you are not eligible for the IRS Data Retrieval Option, submit copies of your 2013 Federal IRS Tax Return Transcripts. A 2013 IRS tax return transcript can be obtained by calling 1-800-TAX-1040. (2) Complete the 2014-2015 Verification Worksheet available online at https://pfweb.cookman.edu/NetPartnerStudent. There are six different versions of the Verification Worksheet (V1-V6). Be sure to review your financial aid notice to determine which one you should submit. See Step 3 for on-line access to your financial aid status and forms.
Step 7. COMPLETE THE BETHUNE-COOKMAN SCHOLARSHIP APPLICATION
To be considered for institutional scholarships, please complete the B-CU scholarship application at https://cookman.scholarships.ngwebsolutions.com by May 1, 2014. Applications received after this deadline will not be considered.
Step 8A. COMPLETE THE MASTER PROMISSORY NOTE (MPN) AND ENTRANCE INTERVIEW
For your Direct Federal Stafford loans. MPN/Entrance Interviews only have to be completed once. Both the MPN and Entrance Interview can be completed at the following website www.studentloans.gov.
Step 8B. APPLY FOR THE DIRECT PLUS LOAN
After you have been awarded financial aid, have your Parent apply for a DIRECT PLUS LOAN to assist with your college expenses. Even if the loan is denied; you will still qualify for an Additional Unsubsidized Stafford loan for $4,000 (if you are a freshman or sophomore) and $5,000 (if you are a junior or a senior). The application will be available after April 28, 2014.
- Submit a completed “Federal Direct PLUS Loan Application for Parents” go to www.studentloans.gov.
- If approved, your parent(s) must complete a Master Promissory Note. Your parent(s) must electronically sign using the same Parent PIN# used to complete the FAFSA. The funds will not be released until these requirements are met.
Step 9. ACCEPT YOUR AWARDS
To check your award status and accept your awards click on the “Your awards” Tab in the Online Financial Aid System at https://pfweb.cookman.edu/NetPartnerStudent. If your financial aid application is incomplete and you’re missing documents you will not be able to accept your award. You must complete the application process and accept your awards by August 1, 2014 or your funds will not be released to your student account.
Step 10. APPLY FOR PRIVATE ALTERNATIVE STUDENT LOAN
Private loans help bridge the remaining amount of funds needed for your education. A separate application is required directly with the lender. Below are a few lenders you and your Parent may want to consider.
- www.pnconcampus.com 1-800-762-1001
- www.salliemae.com(SMART loan) 1-800-272-5543
- www.discoverstudentloans.com 1-877-728-3030
- www.53.com (Fifth Third Bank) 1-800-222-7192
- www.wellsfargo.com/student 1-800-378-5526