Steps to Apply for Financial Aid

Federal Aid Eligibility Requirements

Steps to Apply for Financial Aid

To help guide you through the financial aid process, follow these steps when applying for financial aid.

Step 1. Apply for Admission

The Financial Aid Office will accept your financial aid forms if you have applied for admission but have not been admitted. However, financial aid is only awarded to admitted students.

Step 2. Apply for an FSA ID

This Federal Student Aid (FSA) ID is used for signing your FAFSA form, completing your required Direct Loan Entrance Counseling and Master Promissory Note, retrieving your loan history data, etc.

Dependent students should make sure that at least one of their parents has their own FSA ID also.

Step 3. Complete the 2017-2018 FAFSA

To apply for all need-based financial aid including grants, scholarships, loans, and federal work-study funds, complete the Free Application for Federal Student Aid (FAFSA) by the priority deadline, April 21.

Dunwoody’s School Code is 004641. The 2017-2018 FAFSA form will use your tax information from your 2015 Federal Income Tax Return. If your financial situation has changed drastically since the prior year please contact the Financial Aid Office to discuss your options.

Step 4. Review your Student Aid Report (SAR)

A Student Aid Report (SAR) is the result of your FAFSA application. If necessary, make changes or corrections and submit your SAR for reprocessing. Your complete, correct SAR will contain your Expected Family Contribution (EFC) – the number used to determine your federal student aid eligibility.

Step 5. Complete Verification (if selected)

Dunwoody is required by federal regulations to audit the accuracy of the financial information provided on the FAFSA form. Most students are identified by the U.S. Department of Education for verification. Dunwoody also has the right to select students for further confirmation of data if information provided seems conflicting.

All applicants are encouraged to utilize the IRS Data Retrieval Tool when completing the FAFSA to reduce their chances of inconsistent or misreported information.  This tool is available to most tax filers who have a processed tax return for two years prior on file with the IRS. The IRS Data Retrieval Tool inputs tax return information into the FAFSA directly from the IRS.  If you are selected for verification and are unable, or choose not, to use the data retrieval tool, you must request a tax return transcript from the IRS and submit it to the Financial Aid Office.

Missing Information Notifications are emailed to students at their Dunwoody email address the beginning of April for the following academic year and monthly until all documents are received. Verification requires action from the student.

Students are required to determine their missing information online through the Financial Aid Portal.

Financial aid eligibility will not be finalized until all requested verification documentation is received.  Financial aid awards are subject to change based on the accuracy of information submitted on the FAFSA.

Students and Parents who did not file a 2015 Federal Tax Return are required to provide the Financial Aid Office with W-2s and/or earning statements for any taxable income earned in 2015 (if applicable); in addition, to a Verification of Non-Filing Letter from the IRS dates on or after October 1, 2016.

Verification Forms

Step 6. Review Your Award Letter

Award letters are emailed to students at their Dunwoody email address the beginning of April for the following academic year. You can always check your financial aid status online through the Financial Aid Portal to determine if you have been awarded. Your financial aid package may be a combination of scholarships, loans, grants, and Federal Work-Study funds.

Step 7. Complete Your Direct Loan Process (if applicable)

If you are a first-time borrower and you accept to borrow any of the Federal Direct Loans awarded, you will be required to complete Direct Loan Entrance Counseling and sign Master Promissory Note prior to disbursement of the loan. You can complete these steps at www.studentloans.gov