AwardYear: 1994-1995 Edition: PostSecondary Part: 2 - - The Application Process for Financial Aid SectionNumber: SectionTitle: PageNumbers: 15-17 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 for aid. 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. |