|Cliché:||True to form.|
|POCS Reality:||Colleges determine which financial aid applications they require to calculate financial aid awards.|
There are billions of dollars in financial aid available for college from federal and state governments, college institutional funds, and outside scholarships. Awards are based on applications and colleges determine which forms they require. Here are 10 financial aid applications:
FAFSA (Free Application for Federal Student Aid) is a federal financial aid application form required by all colleges for federal financial aid including grants, loans, and work/study. In addition, some colleges use the FAFSA to award money from its own endowment funds and others require additional forms.
State financial aid may be available. Contact your state for info and an application about state-sponsored financial aid programs for state residents
Institution contact colleges on your list for additional institutional forms that the school may require before awarding money from its own endowment funds for financial aid.
CSS Business/Farm Supplement is an additional form for business/farm owners required by many colleges before they award money from their own endowment funds.
CSS NonCustodial Profile is an additional form for divorced/separated families required by many colleges before they award money from their own endowment funds.
Outside Scholarships sponsored by businesses, employers, individuals, high schools, fraternal organizations and other private groups have their own application forms to determine award winners.
College Scholarships from a schools’ special endowment funds may be awarded in addition to a college’s financial aid programs. Some colleges use their admission application for their scholarship programs and others require additional forms.
Verification Worksheet is to be completed if a student’s FAFSA was selected for review by the college.
Appeal institutional forms may be required by the college from students seeking a reconsideration of their financial aid awards.
POCSmom’s College Prep DIY Insight: To maximize financial aid awards, submit all financial aid applications required by colleges and outside scholarships. If you believe the award is inadequate, appeal and include supporting documentation. Submit all applications before deadlines because, even if qualified, you can lose money if your application is rejected because it was submitted too late.