Home > Admissions and Aid > Undergraduate Students > Costs and Financial Aid > How to Apply
  • How to Apply

    The Financial Aid Process  

    1. File the Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1, but no later than May 1 to be considered for the Pennsylvania State Grant (other states may have different deadlines). It is always best to use completed income tax returns to complete your FAFSA, but you can use estimates and update with actual figures later. You can submit a paper form or file online at http://www.fafsa.ed.gov/. Online filers are required to establish an FSA User ID.  A paper application can be obtained by calling 1-800-4-FED-AID. Saint Vincent’s Federal school code is 003368.

    2. You should receive your FAFSA results - the Student Aid Report (SAR) - about 2 to 4 weeks after filing. It will come via U.S. Mail or email depending on how you filed. Check the SAR for accuracy and make any necessary changes. The school will get an electronic copy of this same information. The SAR will contain a figure called EFC or “Expected Family Contribution.” We use this figure to determine your family’s financial need. 

    3. Receive your award packet outlining your financial aid eligibility. Thoroughly review all documents, returning any that need to be signed.  Complete the Direct Loan Entrance Counseling and Master Promissory Note (MPN)online, as required by the Department of Education. Instructions for this process will be included in your award packet and are available in the Financial Aid Office. 

    4. Determine if you will owe a balance to the college after all of your financial aid has been applied. You and your family then need to determine the best way to pay the balance. Generally, there are three options: Saint Vincent College’s payment plan, the PLUS (parent loan) or an alternative loan.

    5. Return all required paperwork. Your financial aid will be posted to your account in the Business Office. It is important that you have completed all the necessary steps in the loan process. Please apply for all loans no later than July 31 to allow sufficient time for processing. 

    6. Be aware that your financial aid can change throughout the year as a result of verification, additional awards that come in for you, a change in housing status or number of credits, or failure to meet the standards of academic progress as outlined in Saint Vincent College’s Bulletin. 

    7. Periodically, check the scholarship board outside of the Financial Aid Office for information on additional scholarship opportunities. 

    8. Contact the Financial Aid Office throughout the year if you have a problem or questions about your financial aid.

    Verification

    Verification is the confirmation through documentation that the information provided on a student's Free Application for Federal Student Aid (FAFSA) is correct. The federal government requires colleges and universities to verify or confirm the data reported on the FAFSA. The verification process ensures that eligible students receive all the financial aid to which they are entitled.  Students are selected for verification either randomly or because estimated information submitted on the FAFSA is deemed inconsistent.  Once selected for verification, federal aid must not be disbursed until the verification process is completed.  Changes to the FAFSA as a result of the verification process may result in a change to the Expected Family Contribution (EFC), and estimated financial aid awards.  If a correction to the FAFSA is made by the college as a result of the verification process, the student will receive an updated Student Aid Report indicating the changes made. 

    The Verification Process  

    Students selected for verification will receive a Missing Document Letter from the Financial Aid Office which will outline the documents necessary to complete the verification process.  The documents listed below can be downloaded, printed, and returned to the Financial Aid Office. 

    2016-2017 Dependent Verification Worksheet

    2016-2017 Dependent Household Resources Verification

    2016 -2017 SNAP  Benefits Form

    2016-2017 Child Support Paid Form

    2016-2017 Statement of Educational Purpose Form

    2016-2017 Independent Verification Worksheet

    2016-2017 Independent Household Resources Verification