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Financial Aid

Application Procedure

Attention UMFK students: UMFK's school code is 002041. Please add this school code to your FAFSA.

Complete your FAFSA online at: www.fafsa.ed.gov
More information is available at the National Association of Student Financial Aid Administrators website.

Answers to Your FAFSA Questions


Applying for Financial Aid

All students must complete the Free Application for Federal Student Aid (FAFSA) online. Online is quick and it eliminates some errors.

Appropriate signatures are necessary when completing a FAFSA. Most unmarried student applicants who are under 24 years of age, require two signatures, their own and a parent's. If you are completing the FAFSA online, you may choose to submit your application online, and print the signature page, then provide the necessary signatures and mail the signed page to the Department of Education. Or, you (and your parent) may create a FSA ID through the U.S. Department of Education at fsaid.ed.gov. This FSA ID will be your signature(s) when submitting the FAFSA online. A FSA ID is not required to complete and submit a FAFSA online, but using a FSA ID is more convenient, faster and easier. Safe guard your FSA ID. Your FSA ID can be used from year to year. Parents can use the same FSA ID to sign (their own student FAFSA or) the application of multiple children from one year to the next. Returning students can access their Renewal FAFSA online from year to year using their FSA ID.

The Free Application for Federal Student Aid (FAFSA) can be completed online, www.fafsa.ed.gov. It is necessary to gather information before attempting to complete the FAFSA. A FAFSA Worksheet is available online and can be helpful as you beginning organizing prior to completing the form.

If this is your first time filing a FAFSA, once on the website, click on "Fill out a FAFSA." If you filed a FAFSA for the previous year, use the Renewal FAFSA, where some of the questions will be pre-populated for you. Be sure to choose the FAFSA for the correct academic year.

Once your FAFSA is filed, you can check on its status, print a copy of your Student Aid Report, make corrections, or add an additional school to receive your data by returning to the www.fafsa.ed.gov website.

To be considered an "on time" applicant and receive full consideration for all aid programs, we ask that you meet our priority deadline of March 1st. In order to ensure that your application will be complete by that date, we recommend filing your FAFSA by February 1st.

NOTE: Instead of plugging in your Federal 1040 tax figures onto your FAFSA, you now have the option of having FAFSA go get your 1040 tax information from the IRS. This can only be achieved after you have filed your taxes with the IRS. We recommend that students and parents file their Federal taxes early and then complete their FAFSA and have their FAFSA go retrieve that IRS information.

It is best to use income data from a completed federal income tax form, however, you may use an estimate if necessary. If you estimate you tax information on your FAFSA, you are required to make corrections, if any information changes once the official tax return has been completed with the IRS.

Completed applications for financial aid will be considered at any time during the academic year; however, you may find that some assistance programs will be exhausted if you file beyond the March 1st deadline.

Sometimes the U.S. Dept. of Education (or the school) selects the application for a process called Verification, which means that additional information or clarification is necessary before your application can be processed by the financial aid office. If selected for this process, you will be required to provide the financial aid office with additional documents before your financial aid file can be reviewed and your aid can be determined.

Required documents will be listed on a student's "To Do" list on MaineStreet, under the Student Services Center section. First time students will receive a paper letter from the school requesting the information and the request will also be posted in MaineStreet in the student TO DO List.

Normally the Verification process consists of the student providing a Verification Worksheet, which can be downloaded online here. We no longer request 1040 forms. You may, however, be required to provide the financial aid office with a IRS Tax Transcript. Tax Transcripts can be requested from the IRS website at: www.irs.gov. For more detailed information about requesting an IRS tax transcript click here.

Please respond as quickly as possible to our requests to ensure timely review of your application.