Any student who would like to be considered for federal financial aid must submit a Free Application for Federal Student Aid (FAFSA).
The priority deadline for continuing students to submit the FAFSA for the 2021-2022 academic year was February 1, 2021. If you missed this date, don’t fret! You can still submit your FAFSA and you will still be considered for financial aid.
Be sure to submit the 2021-2022 FAFSA, which uses your family’s 2019 tax returns. To simplify the process, it is recommended you use the IRS data retrieval tool to import your 2019 tax information. Learn more and complete your FAFSA now at https://studentaid.gov/.
Even though financial aid awards will not be officially sent until the Summer, it is important you submit your FAFSA as soon as possible to be considered for the maximum amount of the available funds as some funds are limited (e.g., SEOG for undergraduate students).
It’s also important you submit your FAFSA sooner than later in case you are asked to submit additional forms, tax documents, etc. to confirm your financial aid eligibility. The longer you wait to submit your FAFSA, the longer it will take to request documents, the longer it will take to develop your award package.
Don’t delay … submit today!
The first thing you should do is check to be sure you submitted the 2021-2022 FAFSA at https://studentaid.gov/, not the 2020-2021 FAFSA. Next, review your FAFSA to make sure you used the correct school code: Wait 15 business days after you successfully submitted your 2021-2022 FAFSA with the correct school code and it should load into CaneLink within that time.
You will receive a Student Aid Report (SAR) from the government within a month of when you complete the FAFSA. The SAR is essentially a summary of the information you listed on your FAFSA application, but it may not display information you uploaded from the IRS data retrieval tool. Your SAR will specify if you were selected for federal verification and, if you are, the University may request that you submit additional forms, tax documents, etc. to confirm your financial aid eligibility. Verification does not suggest you did anything wrong; this is a normal, often random process by which the University is required to confirm the information you presented on your FAFSA application. If you see on your SAR that you have been selected for verification, prepare now for any document requests by gathering all hard copies of your 2019 tax documents and keep an eye out for further communication by the University, and monitor your “Documents and Messages” in the “View Financial Aid” portion of CaneLink for the 2021-2022 academic year. This will ensure timely compliance with any requests.
Even if you are not selected for verification, you may be asked to submit additional documents to determine your full aid eligibility. It is important you submit all requested documents in a timely fashion and via the means specified in your “Documents and Messages” under your CaneLink “View Financial Aid” section to ensure timely review and the successful completion of your financial aid package.
The University’s Money Management Program created the Money Talks series, virtual financial literacy sessions that aim to enhance your ability to start making educated financial choices for your future. Check out the Spring 2021 schedule and RSVP to start learning about investing, credit, loan forgiveness, and so much more!
All students must meet specific criteria to continue to receive their various financial aid awards. These criteria, called Satisfactory Academic Progress (SAP), include combinations of your GPA, credits earned, etc., and may either be reviewed at the end of the semester or the end of the year, depending on the type of award. As we approach the middle of the Spring 2021 semester, it’s important you review and understand what is required for you to continue meeting SAP requirements for each type of aid you receive. Work closely with your academic advisors and/or faculty to plan for the future, discuss your enrollment options, and seek tutoring or other resources as needed. Click here to learn more about SAP.