Complete the Free Application for Federal Student Aid (FAFSA) to apply for federal student financial aid, including the Pell Grant, student loans, and college work-study. The FAFSA is used by the federal government, state governments, and colleges to determine need-based aid eligibility.
Who needs to submit a FAFSA?
- Any U.S. resident seeking need-based financial aid
- Returning students must reapply annually
Steps to Complete the FAFSA
- Obtain a Federal Student Aid ID
- Apply at FAFSA Online (To request a paper copy of the FAFSA, call 800.447.4880 or email SFS@milligan.edu)
- List Milligan College (code 003511) on the FAFSA when prompted
When should I submit my FAFSA?
- The form is available online after October 1, 2016 (see changes described below)
- For maximum scholarship consideration, new students should be admitted to Milligan and file the FAFSA by December 1, 2016 (you can submit after this date but may not receive maximum aid)
Recent Changes to the FAFSA
The government recently announced changes in the process for filing the FAFSA for the 2017-18 award year. The intention of the changes is to better align the financial aid process and the college admission timelines to provide families with more time to evaluate the total cost of attendance. The changes are highlighted below:
- For the 2017-18 award year, FAFSA filing may begin on October 1, 2016, three months earlier than previous years.
- The income reported on the FAFSA will be from two years prior to the application year, referred to as the “Prior-Prior Year.” For the 2017-18 award year, that will be 2015 income data. Previously, income reported on the FAFSA was from one year prior to the application year. (Note: Families filed the FAFSA for the 2016-17 award year using 2015 income data.)
What this means for you:
- Award letters for new incoming students can be mailed beginning as early as December 1 (previously it was March 1).
- Families can report their income directly from the IRS online Data Retrieval Tool (DRT) which reduces errors and makes the process more efficient.
- Students and families can better understand each institution’s cost information and make more informed decisions about which school is the right fit for them.
- Everyone should file. Some families incorrectly assume that they do not qualify for need-based assistance and skip this important step. The only way to make sure that you are eligible to be considered for need-based assistance at Milligan is to submit a FAFSA.
- Unusual family expenses. If you or your family have special circumstances that impact your financial situation, tell your Milligan SFS counselor. Some examples include unusual medical expenses or a large change in income from last year to this year.
- File online. If you file the FAFSA online, you will receive the Student Aid Report (SAR) with your Expected Family Contribution (EFC) determination about twice as fast as you would if you submit a paper form. The online FAFSA also has an error-checking function that will help you complete the form as accurately as possible.
- Respond promptly. Sometimes we may request additional documentation according to federal, state, or institutional policies. If you are asked to submit tax returns or other documents to the Student Financial Services Office, please do so promptly.
- File every year. Your FAFSA will allow you to be awarded for one academic year. You must file the FAFSA renewal in subsequent years to continue to receive financial aid.
- File ASAP. It is important to meet the priority deadlines and to respond quickly to requests from Student Financial Services for additional documentation. Some awards are issued on a first-come, first-served basis.
How it Works
The FAFSA is used by the federal government, state governments, and colleges to determine need-based aid eligibility. Your FAFSA responses are entered into a formula known as the Federal Methodology. The result is your Expected Family Contribution (EFC). Your EFC is the figure the government estimates you and your family can contribute toward your college educational expenses. Your financial need is the difference between the Milligan cost and your EFC. Colleges use your EFC to prepare a financial aid package to help you meet your financial need (although not all need is always met).