Part: 2 - - The Application Process for Financial Aid
To be considered for the federal student aid programs (such as
Federal Pell Grants and Federal Family Education Loans), a student
must fill out the Free Application for Federal Student Aid (FAFSA).
This application collects financial and other information used to
calculate the EFC that ultimately determines the student's eligibility
The APPLICATION PROCESSING CYCLE lasts 16 months. For
the 1994-95 award year, application processing will begin in
January 1994, and applications for that year will be accepted until
May 1, 1995. However, students who are applying for the summer
or fall 1994 sessions should be advised to submit their applications
as soon as possible but not before January 1, 1994. Many traditional
schools have limited institutional aid funds that will be awarded on
a "first-come, first-served" basis in the spring of 1994.