NOTICE TO STUDENTS

Effective Summer 2009

 

ATTENTION SUMMER FINANCIAL AID STUDENTS

 

Ø Full-Time enrollment status is 12 credit hours.

Ø Students do not have to be enrolled full-time to be eligible for financial aid.

Ø Students must be enrolled at least half-time (6 credit hours) to be eligible for Student Loans and/or Federal Work-Study.

Ø Students planning to receive Pell Grants for the Summer 2010 semester must complete the 2009-2010 FAFSA.  All Pell awards for the Summer 2010 semester will be awarded from the 2009-2010 FAFSA application.

Ø Questions???  Please see the CASC Office of Financial Aid

 

 

 

 

Applying for Financial Aid

To maximize your award possibilities, complete and mail all documentation as soon after January 1 as possible. Some aid programs are awarded on a first-come, first-serve basis and an early application receives priority consideration!

Step 1: Free Application For Federal Student Aid

 

Your first step in determining your eligibility is to complete the Free Application for Federal Student Aid (FAFSA). The application is available in three formats:

  • Renewal FAFSA on the Web
    Students who applied for aid last year can use their U.S. Department of Education Pin Number to access the renewal FAFSA. Most of your information is already in the system. All you need to do is update the information!

  • Paper FAFSA
    You can request a paper copy of the FAFSA from your high school counselor or stop by our office. We have plenty of applications and student guides.

Be sure to list our school code (Title IV Code: 003176) to ensure that we will receive your FAFSA information for award processing.

 

Have you forgotten your pin number?
Do you have a pin number?
No worries!  Request a Pin Number


Parents can also request a pin number! Only one parent needs to request a pin number and the parent can use their individual pin number to sign each of their student's FAFSA.

 

Step 2: Your Student Aid Report

 

The federal processor analyzes your FAFSA information to determine an Expected Family Contribution (EFC). Based on a federally mandated formula, the EFC is the amount of support that you and your family are expected to provide for your educational expenses. The results of your FAFSA are reported to you in the form of a Student Aid Report (SAR). Review your SAR carefully. Make corrections to any information that is incorrect. Also, you may be asked to supply additional or supplementary information to our office. Our office will review an electronic version of your SAR to see if additional or supplementary information is needed. If additional information is needed, a letter along with the necessary forms will be sent to you through the mail.

 

Step 3: Scholarships

 

For information about applying for scholarships, go to the Scholarships page.

 

Step 4: Your Award Letter

 

After your FAFSA application is complete, our office will determine your award eligibility. Awards are based on an established cost of attendance (COA) and your expected family contribution (EFC).

The above information is sent to you in the award letter. The awards must be accepted or rejected and the letter must be signed and returned to our office. Enclosed with the award letter, you will find instructions and any other documents needed for specific funds. In general, students receiving any Federal funds can not receive aid greater than the Cost Of Attendance. If your loan need is zero and your EFC is greater than zero, you may still qualify for an Unsubsidized Stafford Loan.

 

Loan Borrowers

 

If you are receiving a student loan you will receive a lender directory form with your award letter.  Please indicate the lender you wish to use and return the form to the Financial Aid Office along with your signed award letter.  We will file your application electronically.  You will receive a promissory note in the mail.  Complete the requested information along with your signature and return the note to the LENDER.  If this is your first Guaranteed Student Loan at CASC you will be required to complete an Entrance Interview Online for first time borrowers at www.mapping-your-future.org before your loan application can be processed.

 

Don't Forget To

  • Apply as soon as possible after January 1

  • Use completed tax return information

  • Keep copies of student and parent federal income tax return information (all schedules) and W2 Statement of Earnings.  If the second page of the federal tax return is not signed, we will be unable to accept it

  • Sign your application

  • Include yourself (the student) as part of the household or in college

Please

  • DO NOT: Apply as a married student before you are married

  • DO NOT: Incorrectly report parents marital status

  • DO NOT: Incorrectly report income and assets of student, parents, or spouse

  • DO NOT: Report taxes withheld from W-2's instead of taxes paid from tax return

  • DO NOT: Incorrectly report untaxed income

 

General Eligibility

 

In order to be eligible for financial aid, a student must meet all of the following requirements:

  • Be enrolled as a regular student in a degree or certificate program

  • Have a high school diploma, GED, or have passed the Ability to Benefit (ATB) test

  • Provide a valid and verifiable Social Security Number

  • Be a citizen, national or permanent resident of Guam, a citizen of Palau, the Federated States of Micronesia, or the Marshall Islands; or be another type of eligible-non citizen

  • Demonstrate financial need, with the exception of the Unsubsidized Stafford Loan, determined from the information provided on the FAFSA.

  • Respond in a timely manner to requests from the Financial Aid Office for additional information.

  • Be Registered with the Selective Service, if required (men aged 18 through 25 who are not on active duty with the armed forces).

  • Sign the Statement of Educational Purpose on the FAFSA stating that all funds received through the Title IV programs will be used solely for educationally purposes.

  • Maintain Satisfactory Academic Progress toward a degree or certificate

  • Not have borrowed in excess of annual or aggregate Title IV Loan limits or be in default on any federal Title IV loan or owe an overpayment on any federal Title IV Program received for attendance at any institution.

  • Not have suspended eligibility for conviction under federal or state law of sale or possession of illegal drugs.