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@finaidtips
Transferring Schools
Colleges do not automatically receive a FAFSA when you are admitted. For a college to have access to your FAFSA (and by extension determine if you are eligible for aid that requires a completed FAFSA) you need to tell the FAFSA that school can look at your FAFSA.
If you have already completed that year’s FAFSA, you can always go onto studentaid.gov and add a new school onto the FAFSA. Your school should receive it within the next few business days.
The newest FAFSA does have a demographic based question. While you cannot skip it, all question do have an option to not answer. Regardless of what you select, schools are not given that information
Satisfactory Academic Progress (SAP) is a federal regulation that students have to meet in order to receive Federal Financial Aid. It is based on three criteria:
GPA - At least a 2.0 GPA
Completion Rate - Hours Passed/Hours Attempted. At least 67%
Maximum Timeframe - No more then 150% of program length
The names I am giving are not universe, they are just the most common ones I have seen in my time as an advisor.
If you do not meet any of those then you run the risk of loosing Federal Financial Aid. While some schools do offer an appeals process to get back into good standing, not all do.
Try your best to have everything for your Financial Aid done before August. August is typically going to be the busiest time for a Financial Aid office, and if you wait to much until the last minute, they will likely not get to you
Most schools will send you an offer letter of the Financial Aid you could possibly get. Possibly is the key word. This letter usually reflects the maximum amount of aid you could get, not what you will actually get. The actual amount could vary due to number of credit hours, classes taken, GPA, or even other aid awarded.
A student’s Independent vs Dependent status is based on the information you put in on your FAFSA. It doesn’t matter if you are living on your own or if you are not on your parents taxes. You are considered Independent if you are:
24 or Older
Married
Have Kids
Served in the Military
Are a member of the Clergy
A few other special criteria listed on the FAFSA
If none of those apply to you then you are considered Dependent by default and must put your parent tax information (with some exception in outstanding circumstances and at the discretion of your Financial Aid office)