Steps for applying for Federal Aid
Applying for Federal Aid
1. Submit the Free Application
For Federal Student Aid (FAFSA) electronically to the Federal Processing Center as soon as possible.
- Each new award year begins July 1st – for example, the 2016-17 award year will begin on July 1, 2016 and continues until June 30 2017.
- The FAFSA for each award year is available at www.fafsa.ed.gov in early January of the first year of the award year – for example, the 2016-17 FAFSA was available for completion early January 2016.
- If you are starting school between 7/1/2016 and 6/30/2017, please complete the 2016-17 FAFSA (available early January 2016).
- Santa Fe University’s Title IV Code for FAFSA filing is: 002649
- Complete the FAFSA at www.FAFSA.ed.gov
- Financial aid staff are available to help you. Email email@example.com or call toll free at 877-397-7502.
2. Upon receipt of your FAFSA,
the Federal Processing Center will analyze your application and forward a Student Aid Report (SAR) to you and the Santa Fe University of Art and Design financial aid office within three to five business days. Once the FAFSA is received by the financial aid office (and if you are accepted to the college), the Office of Financial Aid will begin communicating with you about your aid eligibility and any additional documentation needs.
3. If you are selected for verification,
The U.S. Department of Education requires that Santa Fe University collect additional information from you. To continue consideration of your application, you will be required to submit a federal tax return, transcript, a verification worksheet, and you may also be asked to provide additional documents to the Office of Financial Aid.
4. Award Notification:
Upon determining your eligibility for loans and Pell Grants, the Office of Financial Aid notifies you by email of your award eligibility. You will view your award offer on the Santa Fe University of Art and Design Online Financial Aid System. You will be asked to complete the Master Promissory Note (MPN) and Entrance Counseling for any loans, for additional documentation as necessary, and to accept your financial aid awards.
5. Loan Guarantee:
The Office of Financial Aid electronically transmits your loan information to the Direct Loan processor for the United States Department of Education. The US Department of Education verifies that you do not have an outstanding defaulted or current student loan at another school and completes other eligibility edits. If everything is in order, your loan is approved and the Office of Financial Aid is so notified of the approval.
6. Financial Aid Disbursement:
Each of your awards is divided into equal disbursements for each semester in your loan period. If all eligibility, documentation, and course registration requirements have been met, the institution may begin disbursing your awards to your student account as early as ten days before the beginning of the term. Any funds in excess of direct tuition, fee, and other charges on your account will be made available to you within 14 days of the disbursement date or the first day of your confirmed attendance for the term, whichever comes later. You will be notified when federal loan funds are disbursed to your student account.
- Applying for financial aid
- The Guide to Federal Student Aid — “Funding Education Beyond High School,” a comprehensive guide (English and Spanish)
- Determine your monthly loan repayment
Santa Fe University expects its financial aid professionals to always maintain exemplary standards of professional conduct in all aspects of carrying out their responsibilities. Read the Santa Fe University of Art and Design Financial Aid Code of Conduct.