Money Talk Monday
Financial Aid Newsletter February 13, 2017
"Money Talk Monday" - your bi-weekly guide for financial aid information
Check your Crosby Scholars student portal every other Monday for updates in financial aid resources and Crosby Scholars Program Scholarships. Each Money Talk Monday financial aid newsletter will present new ideas and discussions on financial aid that will be helpful to you.
In this edition of Money Talk Monday you will find:
- I filed the FAFSA, what happens now?
- What if I made a mistake on my FAFSA?
- What do I do if I'm told I've been selected for verification?
- Harry Scofield Memorial Book Scholarship - APPLY NOW
- Sigma Pi Phi Fraternity (Gamma Kappa Boule') Scholarship - APPLY NOW
- Professional Center of Goodwill - a great resource!
- Need assistance with the FAFSA of have questions about financial aid?
I filed my FAFSA, what happens now?
- Within 3 days to 3 weeks after filing the FAFSA, you will receive notification from the Federal Government that your Student Aid Report (SAR) has been processed.
- If you do not hear from them, log in at FAFSA.gov and check your status.
- Look over your SAR to make sure you did not make a mistake on your FAFSA.
- The comment section will tell you if there is additional information that you must provide.
- The SAR won't tell you how much financial aid you'll get.
- If you have been admitted to a school, and you listed that school on the FAFSA, the school will calculate your aid and will send you an electronic or paper aid offer, called an award letter, telling you how much aid you're eligible for at the school. The timing of the aid offer varies from school to school. It depends on when you apply and how the school prefers to schedule awarding of aid.
What if I made a mistake on the FAFSA?
You can also contact the financial aid office at the school that you have been accepted at to see if they can make the correction for you.
Note: The online FAFSA doesn’t allow you to change your Social Security number (SSN). If you made a mistake in reporting your SSN, ask the financial aid office at the school you plan to attend whether you should start over again and submit a new FAFSA.
What do I do if I'm told I've been selected for verification?
If you're selected for verification, don't assume you're being accused of doing anything wrong. Some people are selected at random; and some schools verify all students' FAFSAs. All you need to do is provide the documentation your school asks for - and be sure to do so by the school's deadline, or you won't be able to get financial aid.
If you used the Internal Revenue Service Data Retrieval Tool (IRS DRT) when filing the FAFSA and you have not changed any of the information retrieved, you will not have to verify that information. If you didn't use the IRS DRT and you're selected for verification, log back in at fafsa.gov to see whether you can use IRS DRT to fill in the relevant fields on your FAFSA. If not, your school may require you to submit a tax transcript as part of the verification process. You can find your tax transcript through the IRS's Get Transcript service at irs.gov/transcript.
Harry Scofield Memorial Book Scholarship
Crosby Scholars who wish to be considered for this scholarship must submit an application through their Crosby Scholars student portal by March 26, 2017.
Sigma Pi Phi Fraternity (Gamma Kappa Boule') Scholarship
Crosby Scholars who wish to be considered for this scholarship must submit an application through their Crosby Scholars student portal by March 19, 2017.
Professional Center by Goodwill
Need to learn about informational interviewing, networking, or resume writing? Need some help with your interview skills? A great resource is The Professional Center by Goodwill, located at the Goodwill at 2701 University Parkway, Winston-Salem.
To contact them for an appointment, email procenter@goodwillnwnc.org or call (336) 464-0516.
Need assistance with the FAFSA or have questions about financial aid?
- If you need assistance with the FAFSA, please email Coe Trent, Crosby Scholars Financial Aid Advisor at ctrent@crosbyscholars.org to set up an appointment.
- Financial Aid Week in North Carolina is February 19-25.
- March 1 is the priority filing date. Be sure to file your FAFSA by then!
Crosby Scholars Community Partnership
Email: ctrent@crosbyscholars.org
Website: crosbyscholars.org
Location: @CrosbySr2017
Phone: 3367255371