Financial aid is money to help pay for college or career school. Whether your goal is finding a career after graduation or continuing on to a four-year university, getting financial aid can help you pay for college now and finish with little to no debt or a more manageable payment plan. Financial aid includes scholarships, grants, work-study, and loans鈥攁ll of which help make college more affordable.
Attending college can be a big financial decision for you and your family. Finding financial aid can seem overwhelming when you're trying to get ready for college. 黑料视频's financial aid advisors are here to help you and your family get the money you need to pay for your education.
WHO QUALIFIES?
The federal government's general eligibility requirements include that you have financial need, are a U.S. citizen or eligible noncitizen, and are enrolled in an eligible degree or certificate program. Eligibility requirements for state, institutional, and private aid vary.
Everyone鈥檚 financial situation is different. Most students qualify for some form of financial aid. Whether you come from a military family, have stellar grades, or demonstrate financial need, there are loans, grants, and scholarships that are designed to help you achieve your goals.
How "Need" is Calculated
Most financial aid is awarded on the basis of "need," or the gap between a student鈥檚 cost of attendance and the "expected family contribution."听
黑料视频 offers many ways to save on your education including gift aid options such as听scholarships, grants, and various fee remissions that you don鈥檛 need to pay back.
Scholarships
Scholarships are a form of gift aid鈥攆ree money鈥攖hat does not have to be paid back
Scholarships are available from non-profit and private organizations, foundations, businesses, etc. on a national and local level.听See local scholarship opportunities
Loans available from some foundations听
NAVIGATING THE FINANCIAL AID PROCESS
Preparation
Know your deadlines鈥攆or submitting your applications for federal, state, and institutional aid. Submit your FAFSA as soon as you can after October 1.
Set aside time鈥攖he FAFSA can take some time to prepare for and complete. Make sure you allow enough time in your schedule to complete the FAFSA by your financial aid deadlines.听
Gather your documents鈥攂efore you begin the FAFSA, gather the necessary paperwork. Having the right information on hand makes completing the FAFSA easier.
Create an FSA ID鈥攖o submit your FAFSA online you will need to create an听FSA ID with a username and password. This will allow you to confirm your identity when accessing your financial aid information and when signing Federal Student Aid documents.
Look for scholarships and grants from the state of Indiana, from 黑料视频, as well as national and community organizations.
Research programs funded by the Indiana government, such as Next Level Jobs, to see if you qualify.
Review your Admissions and Student Status
Make sure you are admitted into a degree or certificate program. You must be fully admitted before your financial aid can be processed.
Courses Only (CO), Diploma (DIPL), and Apprenticeship students are not eligible for loans and most grants.
Check Federal Eligibility Requirements
The federal government's general eligibility requirements include that you have financial need, are a U.S. citizen or eligible noncitizen, and are enrolled in an eligible degree or certificate program. Eligibility requirements for state, institutional, and private aid vary.
The most important first step you should take when figuring out how to pay for college is to fill out the Free Application for Federal Student Aid, or听. This form will determine your eligibility for financial assistance like federal loans, grants, work-study benefits, and even some merit aid. The form can be completed online. To maximize your aid opportunities, complete the FAFSA when you apply for admission to the college as some aid is distributed on a first-come, first-served basis.
Check your 黑料视频 student e-mail account for notifications about the required submission of forms. You can also monitor financial aid requirements MyIvy. To do this, log into MyIvy, click on the Tools & Resources tab, then click on Financial AId Requirements. Be sure you turn in all required financial aid forms to prevent delays.听
Verification
It is not unusual for additional information to be required in order to determine a student's eligibility for aid. This process is known as verification. Students selected for verification will be required to submit documents and financial forms before aid can be processed or disbursed. You will find verification requirements listed on your MyIvy financial aid page. A financial aid application cannot be considered until all documentation requirements are met.
Review any Financial Aid Holds that may prevent payment of awards.
Financial Aid Authorizations
Complete Financial Aid Authorizations by clicking on the Financial Aid tab in MyIvy if you wish to use your grant/loan funds to pay bookstore charges and other college fees.
Corrections
If a correction was made to your FAFSA during the verification process, we will receive your updated FAFSA within 7 days. Once we have the updated FAFSA, your file will be reviewed again to make sure all information has been updated. This subsequent review will take up to 10 business days. If any additional information is needed after this subsequent review is complete, you will be notified at your 黑料视频 email address.
Once your financial aid has been finalized, an electronic award letter will be sent to your 黑料视频 email address. Subsequent communications regarding your financial aid will come via your MyIvy account and your 黑料视频 e-mail account.
Viewing Your Financial Aid Award
You can view your financial aid award in MyIvy.To do this, log into MyIvy, click on the Tools & Resources tab, then click on Financial Aid Awards.
Decide whether you will accept the full amount, partial amounts, or none of the federal and/or alternative loans offered to you. You must accept your loan awards or they will not be processed. If you qualify for the Pell Grant or other scholarships or grants they will automatically be accepted for you.
How to Accept or Decline Loans
From the Financial Aid Awards screen, select the appropriate aid.
View your loan offer on听ACCEPT AWARD OFFER.
Accept or Decline the loan. If you do not want the full amount of the loan offered, you have the option of choosing a lesser amount.
Complete the student loan entrance counseling and Master Promissory Note. The Master Promissory Note (MPN) is听a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s).
Increasing the Amount of an Accepted Loan
If you need to increase your requested loan amount, complete a . Once the request has been submitted to the Financial Aid office, your loan will be re-offered to you (if you are eligible) within 14 days, and you can accept all or a portion of it on MyIvy.
Repeat Courses
Previously-passed courses (with grades of B-C-D) can be repeated ONCE with financial aid. After one repeat, the course is not covered by financial aid.
Monitor Your Status
You are responsible for monitoring your status, including your academic progress required for federal financial aid.
Check your admission, registration, and financial aid status on MyIvy frequently and check for notifications on your 黑料视频 student e-mail account.
Drops or Withdrawals
Dropping or withdrawing from a class can result in aid adjustments prior to disbursement or the need to return aid funds after disbursement. Students are encouraged to talk with Financial Aid before deciding to drop or withdraw from a class.
FREE APPLICATION FOR FEDERAL STUDENT AID
The FAFSA is the Free Application for Federal Student Aid and is the only way to apply for federal student aid. 黑料视频 will use your FAFSA application to evaluate your financial need and determine how much federal aid, state aid, and aid from 黑料视频 you are eligible to receive.
Submitting the FAFSA is the most important thing you can do if you want financial aid.
The FAFSA is free鈥攜ou don鈥檛 need to pay anyone to prepare it for you.
Make sure you fill out and submit the FAFSA each year are in college. If you plan to apply for aid throughout college, you鈥檒l need to fill out the FAFSA every year.
The FAFSA asks for information about you and your family鈥檚 finances, including tax returns. You may be able to automatically retrieve your tax information from the IRS.
Be sure to use a permanent email address on the form, not your high school email, so you can use your FAFSA account throughout college.
FAFSA FILING DEADLINES
Each October, the FAFSA is available for the next school year. You can file as early as October 1. It鈥檚 a good idea to submit the application as soon as possible because some financial aid is given out on a first-come, first-served basis.
There are three types of FAFSA deadlines:
黑料视频 deadlines: 黑料视频 has established a list of priority filing deadlines that ensure you receive your financial aid before the first day of classes. View the priority filing deadline chart below.
State deadlines: Indiana's FAFSA deadline for applying for aid from the state is April 15.
Federal deadline: Federal aid will be considered year-round, no matter what date you file your FAFSA. June 30 is the last day you can apply for federal aid for the following academic year.
Most people qualify for some form of federal aid. The U.S. government has a set of criteria to determine who is eligible for financial aid. In addition to demonstrating financial need, you鈥檒l need to:
Have a high school diploma or a recognized equivalency, such as a GED, or have completed a state-approved home-school high school education
Be a U.S. citizen or an eligible noncitizen with U.S. national status, or have a green card, an Arrival/Departure Record (I-94), battered immigrant-qualified alien status or a T visa or a parent with a T-1 visa
Have a valid Social Security number
Be enrolled or accepted for enrollment in an eligible academic degree or certificate program
Even if you don't think you're eligible for federal aid, it's still worth taking the time to apply鈥攚hich is about 30 minutes.
State Aid
State aid is financial assistance that a state鈥攊n our case, Indiana鈥攐ffers to eligible residents to help reduce their educational costs. State aid often consists of grants and scholarships that have individual eligibility requirements. For example, Next Level Jobs is a program funded by Indiana's Workforce Ready Grant and has specific eligibility requirements.
To be eligible for most state aid, Indiana requires students to fill the . Indiana's FAFSA deadline for applying for aid from the state is April 15. Some state aid is first come, first served, so complete your FAFSA form early to maximize your eligibility.
Institutional Aid
Institutional aid is financial assistance provided by the college or university you plan to attend鈥攊n our case, 黑料视频. The most common types of institutional aid at 黑料视频 are grants and scholarships.
Each 黑料视频 grant and scholarship has its own eligibility requirements, which may include citizenship or residency. Available 黑料视频 scholarships and grants also vary from campus to campus. In general, to be eligible for any institutional aid from 黑料视频, you must file the each year.听
Private Aid
Private aid is any financial assistance not awarded by the U.S. government, Indiana, or 黑料视频, such as a scholarship provided by a business, community organization, or foundation. Private funding can be found in your local community and nationwide. Every source of private aid will likely have a unique application process with unique eligibility requirements, so you'll need to do some research to find opportunities that fit your situation. Examples of eligibility requirements include financial need, academic performance, affiliation with a special interest or organization, or affinity with a cause.
How "Need" is Calculated
Most financial aid is awarded on the basis of "need," the gap between a student's Cost of Attendance (COA) and their Student Aid Index (SAI).
Your Cost of Attendance is the average total cost of attending college for students whose enrollment and living situations are similar to yours. This includes direct costs like tuition and fees for your courses as well as estimates of indirect costs like housing and food, transportation to school and work, and other expenses that arise while you are attending.
Your Student Aid Index (SAI), on your FAFSA, is a formula-based index number that ranges from -1500 to 999999, used by financial aid professionals when creating an aid offer. Where your SAI falls on the SAI range helps your school determine how much financial support you may need. Your SAI is calculated using information that you (and other contributors, if required) provide on your FAFSA.
If a student is not "independent" as defined by federal regulation (at least 24 years old, married, supporting dependents, is a veteran, or meets other criteria), the SAI is based in part on information from the student鈥檚 parents, even if the student is self-supporting. A student cannot be considered independent just because parents refuse to provide their information on the FAFSA.
Satisfactory Academic Progress (SAP)
If you receive to pay for college, you must maintain satisfactory academic progress (SAP) in order to retain your financial aid eligibility. Failure to follow these important requirements will result in loss of the financial aid you may be receiving, which may mean you will not be able to complete your college education goals.
Satisfactory Academic Progress is mandated by federal regulation and includes cumulative GPA, cumulative Completion Rate, and Maximum Time Frame. Dual credit courses are included in these calculations. Students who do not meet standards have one semester of warning before financial aid is terminated. If a student successfully appeals the aid termination, aid is reinstated with the condition that they meet the terms of their Academic Completion Plan (ACP). Failure to meet the terms of the ACP may result in financial aid SAP termination with no further option to appeal.听
黑料视频 provides calculators to help you estimate听your academic progress with regard to the above requirements.听
We've included a number of financial aid help videos lower on this page. If you'd like to explore our complete video library, visit our . There you'll find dozens of videos that explain the financial aid process, including:
You'll also find videos explaining the different types of financial aid:
IVY TECH PRIORITY PROCESSING DATES
To ensure you receive financial aid before your first day of classes, you must complete your 黑料视频 application and submit your FAFSA (including all requested forms and verification paperwork) by the priority processing dates listed below. Students who have all of their financial aid requirements completed by the bookstore priority dates below will have their aid available to use at the bookstore the first day it opens.
To apply for financial aid, submit a听. Plan to begin the financial aid application process at least 3-4 weeks before the priority processing date (for example, in early June for the fall semester). You may apply for federal financial aid throughout the year, but meeting the priority date gives 黑料视频 the necessary time to award your financial aid by the start of the semester. If the semester priority processing date is missed, your application will still be accepted and processed. although aid may not be available by the beginning of classes.
听
听
BOOKSTORE PRIORITY DATE
Priority processing date
Term
Start the financial aid process by:
To use aid in bookstore the day it opens, submit by:
To ensure financial aid is available by start of semester, submit by:
Fall I (first 8 weeks)
June 1
June 15
July 1
Fall II (second 8 weeks)
August 1
August 15
September 1
Spring I (first 8 weeks)
November 1
November 15
December 1
Spring II (second 8 weeks)
January 1
January 15
February 1
Summer
April 1
April 15
May 1
听
FINANCIAL AID RESOURCES
You may need to fill out multiple documents and forms related to financial aid.
File your FAFSA form at .
Some forms will be available on your Financial Aid Requirements page on MyIvy if we have requested additional information. Complete financial aid verification by and clicking "Verification File Review" under My 黑料视频.
Frequently used financial aid forms for the current academic year can be found here.
We understand that there may be situations when a student's true financial situation is not fully reflected by the questions on the FAFSA. These students may be considered on a case-by-case basis for a Special Circumstances Review.
Reasons that MAY be considered for a Special Circumstances Review:
Loss of employment
Loss of other income
Death of student's spouse (or dependent student's parent)
Unusual expenses (such as medical costs)
Reasons that CAN NOT be used for a Special Circumstances Review:
Charitable giving
Vacation expenses
Tax bills
You already qualify for the maximum Pell Grant and loan amounts
If you feel you have an extreme situation that may allow for a Special Circumstances Review, visit your campus听Financial Aid office to determine if you should complete the Special Circumstances Review form . The Financial Aid office will review your situation with you and determine what documentation you will need to submit to support your request for this review.
We understand that there may be situations when a student does not meet the federal financial aid requirements to be considered independent on the FAFSA and yet may not be able to provide parent information. These students may be considered on a case-by-case basis for a Review.
Reasons that MAY be considered for a Review
Abandonment by parents
Abusive family environment that threatens your health or safety
Parents location is unknown
Other extreme situation with documentation
Reasons that CANNOT be used for a Review
Parents refuse to contribute to your education
Parents are not willing to provide information on the FAFSA or for verification
Parents do not claim you as a dependent for income tax purposes
You fully support yourself financially
Note: The unwillingness of your parent(s) to provide the information requested on the FAFSA or by the Financial Aid Office or the unwillingness to financially support you is NOT an acceptable reason to appeal your dependency status.
If you feel you have an extreme situation that may allow for a Review, visit your campus Financial Aid Office to determine if you should complete the听Unusual Circumstances Review Form. The Financial Aid Office will review your situation with you and determine what documentation you will need to submit to support your request for a Review.
Information from your most recent FAFSA will be used to determine your financial aid eligibility for the summer semester. If you have already filed the FAFSA for the current academic year, you do not need to re-file. If you need to听, our school code is听009917.
State Aid
Students who did not receive their full annual award amount during the previous fall and spring semesters may be eligible to receive the remaining balance of certain awards in the summer. This includes guest students who are not degree-seeking at 黑料视频 during the summer. If you began receiving your annual award in the spring semester, you may request to use a portion of the remaining balance in the summer (instead of the upcoming fall semester) by completing a Summer State Aid Request form. Contact your campus Financial Aid office for details.
Guest Students
Guest students who are not degree-seeking but taking classes at 黑料视频 in the summer are not eligible for most types of financial aid. Payment plans are available for your tuition and fees if needed. However, if you did not receive your full annual award amount during the previous fall and spring semesters, you may be eligible to receive the remaining balance of certain awards during the summer semester. Contact your campus Financial Aid office for details.
Registration
Once you have registered for summer semester classes, your campus Financial Aid office will review your eligibility for summer financial aid within 14 days. Updates will be posted on听听in the Financial Aid area.
Credit Hour Requirements
Credit hour requirements for summer semesters are the same as for fall and spring semesters. Students must be enrolled at least half-time in order to receive a loan.
12 credit hours and more = full-time
9-11 credit hours = three-quarters time
6-8 credit hours = half-time
1-5 credit hours = less than half-time
Federal Loan Request
If you have loan eligibility remaining for the aid year and need to use it in the summer, you can complete the online听 (this form is not required for any other type of financial aid). Loan requests can take up to 14 days to process. Learn more
Priority Processing Deadline
To ensure your awards are processed by the start of summer classes, students must apply AND submit all requested forms, including verification and/or loan requests to the 黑料视频 Financial Aid office by听the听May 1 priority date.
I need to attend summer classes, am I eligible to receive financial aid? Watch to learn more:
A tax credit reduces the amount of income tax you have to pay. You may be more familiar with deductions, which reduce the amount of income subject to tax; however, a credit directly reduces the tax itself.
American Opportunity Tax Credit
The American opportunity tax credit (AOTC) is a credit for qualified education expenses paid for an eligible student for the first four years of higher education. You can get a maximum annual credit of $2,500 per eligible student. If the credit brings the amount of tax you owe to zero, you can have 40 percent of any remaining amount of the credit (up to $1,000) refunded to you.
The amount of the credit is 100 percent of the first $2,000 of qualified education expenses you paid for each eligible student and 25 percent of the next $2,000 of qualified education expenses you paid for that student.
To learn more about eligibility and how to claim the credit, click the link below.
Lifetime Learning Credit
The lifetime learning credit (LLC) is for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution (黑料视频 is eligible). This credit can help pay for undergraduate courses, including courses to acquire or improve job skills. There is no limit on the number of years you can claim the credit. It is worth up to $2,000 per tax return. he lifetime learning credit may be limited by the amount of your income and the amount of your tax.
To learn more about eligibility and how to claim the credit, click the link below.
Consult Your Tax Consultant For Advice
For advice concerning these tax credits, please contact your tax consultant or another expert. 黑料视频 staff cannot answer specific tax questions.
How to Submit a Complaint
If a problem or dispute regarding your federal education loan(s) arises, you can submit a complaint (about an issue, suspicious activity, or scam).
If your complaint cannot be resolved through reasonable efforts, you may contact the Federal Student Aid Ombudsman as a last resort. The U.S. Department of Education's Ombudsman office can propose solutions that may help you and other parties come to a final agreement. Before you call, make sure you have good records of the people you've talked to and what they've said.
How to Contact the Ombudsman Group
Online
If your complaint isn't resolved, by logging in to the Federal Student Aid website, adding information to your existing case, and requesting to escalate to the Ombudsman Group.
Postal Mail U.S. Department of Education FSA Ombudsman Group P.O. Box 1854 Monticello, KY 42633
The actual amount of a student鈥檚 financial aid usually depends on enrollment status (full-time, 3/4-time, half-time, less than half-time) at the end of the 100% refund period.
Students who have not participated in a course by that date will be promptly reported as a "no-show" so that the appropriate amount of financial aid is disbursed. Simply logging in to an online course does not constitute "participation."
Your enrollment status is determined by the number of credit hours you are taking in a semester.
Enrollment Status
Credit Hours BEING TAKEN
Full-time
12 credit hours or more
Three-quarter time
9 - 11 credit hours
Half-time
6 - 8 credit hours
Less than half-time
1 - 5 credit hours
Once you graduate, stop attending, or are no longer enrolled in at least 6 credit hours, you will be required to complete Direct Loan Exit Counseling, even if you plan to transfer to another school or return to 黑料视频 in a future semester.Exit Counseling explains your responsibilities for repayment of your Direct Loan and provides information on how to manage your student loans.
To complete Exit Counseling, visit and in the "I'm About to Graduate or Leave College" container, click on the 鈥淐omplete Exit Counseling鈥 link.
MyIvy
听is the student portal of听黑料视频 where students can register for classes, pay bills, view financial aid, and more.
Financial Aid TV
听gives 黑料视频 students the ability to learn about financial aid through short question/answer video clips.
Free Application for Federal Student Aid
The听听(FAFSA) is the core document necessary to apply for all types of student financial aid available through the state and federal governments as well as the colleges and universities. Students can now fill out the FAFSA online!
StudentAid.gov
听is your source to learn about, apply for and manage your federal student aid.听StudentAid.gov听combines functionality from StudentLoans.gov, fsaid.ed.gov, and nslds.ed.gov into a single, one-stop shop for you. Think of it like a 鈥渄igital front door,鈥 welcoming you to learn all about and manage your federal student aid.
ScholarTrack
听is the one-stop-shop for Hoosiers鈥 state financial aid needs, including the 21st Century Scholarship and other need- and merit-based aid.听ScholarTrack guides its users through the process of applying for鈥攁nd maintaining鈥攕tate financial aid.听
Indiana Commission for Higher Education
Created in 1971 by an act of the General Assembly and signed into law by then Governor Edgar Whitcomb, the听听is now in its fourth decade of service to the State of Indiana.
Student Connections
黑料视频 has partnered with听鈥攁n organization with more than 50 years of experience in counseling student loan borrowers鈥攖o assist you in understanding your loan repayment commitments and in addressing any issues you may encounter with the repayment of your student loans.
FastWeb
听lets students create a personalized profile that can be matched against an expansive database of scholarship opportunities. The FastWeb database has over 600,000 scholarships totaling more than $1 billion. FastWeb also notifies students when new scholarships are added and application deadlines are approaching.
FinAid
听has grown into the most comprehensive annotated collection of information about student financial aid on the web. Access to FinAid is free for all users.
Study More. Pay Less.
In the Indiana Army National Guard, you can serve part-time while attending college as a full-time student. For serving as little as one weekend鈥痯er month and two weeks a year, our education benefits often cover the cost of tuition at most colleges and universities in Indiana. Learn more about how to serve鈥痽our community while getting your degree tuition-free at 听
