I recently attended a workshop on financial aid. The speaker was discussing basic needs of financing for college and I took note of a few things as well as my own research that I felt would be beneficial for you to know when applying to college and applying for your financial aid.
Below is a new chart from www.fafsa.gov that lists STATE DEADLINE dates.
**IT IS VERY IMPORTANT THAT YOU FOLLOW THESE DATES AND FILE YOUR FAFSA (FREE APPLICATION FOR FEDERAL STUDENT AID) AS SOON AS POSSIBLE WITHOUT WAITING UNTIL THAT DATE.
*For example the state of Indiana requires everyone to have their FAFSA filed by March 10, no excuses. If FAFSA is not filed by March 1, then any college aid is lost.
State Student Financial Aid Deadlines
State deadlines may be earlier than the federal deadline.
TIP: State forms do not replace filling out the FAFSA. You must fill out the FAFSA to receive federal student aid.
Note: Date received means received by Federal Student Aid unless otherwise indicated.
|Alabama||Check with your financial aid administrator|
|Alaska||April 15, 2010 @|
|American Samoa||Check with your financial aid administrator*|
|Arizona||Check with your financial aid administrator|
|Arkansas||For Academic Challenge – June 1, 2010 @
For Workforce Grant – check with your financial aid administrator
For Higher Education Opportunity Grant – June 1, 2010 (fall term) @; November 1, 2010 (spring term) @
|California||For initial awards – March 2, 2010 +*
For additional community college awards – September 2, 2010 – date postmarked +*
|Colorado||Check with your financial aid administrator|
|Connecticut||February 15, 2010 #*|
|Delaware||April 15, 2010 @|
|District of Columbia||June 30, 2010 @#*|
|Federated States of Micronesia||Check with your financial aid administrator*|
|Florida||May 15, 2010 – date processed|
|Georgia||Check with your financial aid administrator|
|Guam||Check with your financial aid administrator*|
|Hawaii||Check with you financial aid administrator*|
|Idaho||Opportunity Grant – March 1, 2010 @#*|
|Illinois||As soon as possible after January 1, 2010. Awards made until funds are depleted.|
|Indiana||March 10, 2010 &|
|Iowa||July 1, 2010 @|
|Kansas||April 1, 2010 @#*|
|Kentucky||March 15, 2010 &#|
|Louisiana||July 1, 2010 @|
|Maine||May 1, 2010 @|
|Marshall Islands||Check with your financial aid administrator*|
|Maryland||March 1, 2010 &|
|Massachusetts||May 1, 2010 @#|
|Michigan||March 1, 2010 &|
|Minnesota||30 days after term starts @|
|Mississippi||MTAG and MESG Grants – September 15, 2010 @#
HELP Scholarship – March 31, 2010 @#
|Missouri||April 1, 2010 @#|
|Montana||March 1, 2010 #&|
|Nebraska||Check with your financial aid administrator*|
|Nevada||Check with your financial aid administrator*|
|New Hampshire||May 1, 2010 @|
|New Jersey||2009-2010 Tuition Aid Grant recipients – June 1, 2010 @
All other applications – October 1, 2010, for fall and spring terms @;
March 1, 2011, for spring term only @
|New Mexico||Check with your financial aid administrator*|
|New York||May 1, 2011 @+*|
|North Carolina||Check with your finanacial aid administrator|
|North Dakota||March 15, 2010 &|
|Northern Mariana Islands||Check with your financial aid administrator*|
|Ohio||October 1, 2010 @|
|Oklahoma||April 15, 2010 @#|
|Oregon||OSAC scholarship – March 1, 2010
Oregon Opportunity Grant – check with your financial aid adminstrator
|Palau||Check with your financial aid administrator*|
|Pennsylvania||All 2009-2010 State Grant recipients and all non-2009-2010 State Grant recipients in degree programs – May 1, 2010 @*
All other applicants – August 1, 2010 @*
|Puerto Rico||Check with your financial aid administrator|
|Rhode Island||March 1, 2010 &#|
|South Carolina||Tuition Grants – June 30, 2010 @
SC Commission on Higher Education – no deadline
|South Dakota||Check with your financial aid administrator*|
|Tennessee||For State Grant – February 15, 2010 @#
For State Lottery – September 1, 2010 @#
|Texas||Check with your financial aid administrator*|
|U.S. Virgin Islands||Check with your financial aid administrator*|
|Utah||Check with your financial aid administrator|
|Vermont||Check with your financial aid administrator*|
|Virginia||Check with your financial aid administrator*|
|Washington||Check with your financial aid administrator|
|West Virginia||April 15, 2010 @#*|
|Wisconsin||Check with your financial aid administrator|
|Wyoming||Check with your financial aid administrator*|
* Additional form may be required. Contact your financial aid administrator or your state agency.
^ Applicants encouraged to obtain proof of mailing.
# For priority consideration, submit application by date specified.
@ Deadline by midnight, Central Daylight Time.
& Deadline by midnight, Central Standard Time.
Here are some of the basics you should know when it comes to financial aid, general aid (money) for college and terminology you should be aware of. This is a list I came up with and remains pretty consistent whether you’re looking at vocational, public, private or community college.
- There are two types:
Gift Aid: -Grants and -Scholarships
Self-help Aid: -Loans and -Employment
*Most colleges and financial aid departments refer to two things that you should know regarding general financing.
- COA- Means Cost of Attendance- How much does it cost to go to college
The cost of attendance covers HARD COSTS and SOFT COSTS. HARD COSTS are those things like tuition and room and board. SOFT COSTS are those things like books & supplies, transportation, laundry, and other living expenses (just to name a few).
**When asking a college about costs, most admissions people will provide you with the tuition and room and board. B, there are many other fees involved with attending many colleges and you should ask about those additional costs. Ask Financial Aid about the costs. They will everything out for you.
- EFC- Means Estimated Family Contribution-The minimum amount a family if expected to pay.
This is based on:
Student Income, Parent Income, Student Assets, Parent Assets, # of household members, # of household members attending college
- Financial need is figured out when subtracting your cost of attendance to go to college minus the estimated family contribution: EFC – COA = Money needed when applying to FAFSA.
- TYPES OF AID AVAILABLE:
Outside scholarships State Grants Employers Federal Grants College Scholarships College Savings Plan GI Bill Loans
- 3 WAYS TO APPLY FOR FINANCIAL AID, BASED ON SCHOOL:
1. Financial Aid meeting with FA Advisor at chosen college file necessary FAFSA forms electronically. Create a Pin Number and keep it.
2. Institutional Forms (college specific)
3. CSS Profile Form- this is required from some colleges. If they indicate this, don’t be nervous. It’s required by some states to have an additional profile. **This might or might not affect amount of aid.
A good piece of advice…and effective thing you can do throughout your financial aid application process is to keep in touch with your Financial Aid Advisor. Don’t call them too much, ball them to ask questions, discuss concerns, etc. They are there to help and financial aid will give you a straight answer.
This is a small list of the best basics you need for starting your financial aid process. Please respond back to me @ this post with further questions, concerns or comments you have regarding this topic.
I would love to continue a dialog so that I can provide a resource for all of you to attain all the needed information when it comes to financing college education.
My Success is Your Success,
Keith Lipke is a careers and college recruiter, coach, mentor and blogger at The Hope Chest. His passion is to educate, inspire, and give hope to young people who need it upon their search for the right career and college.