Fafsa

At Post University, we understand that paying for college is one of the main obstacles in achieving an education and a successful career. Post University’s financial aid staff will work with you and if applicable your parents to develop a plan to make your education affordable.

Free Application for Student Aid (FAFSA)

For Admission into a campus-based or Accelerated Degree Program, all applicants are advised to apply for federal aid immediately after submitting a Post University admissions application. We encourage all students and parents to apply for federal financial aid by completing the Free Application for Student Aid (FAFSA) as early as possible in the application process. The FASFA is available beginning January 1st of each year. In order for Post University to receive your FAFSA, you must include Post University’s OPE school code, which is 001401.

  • The Free Application for Student Aid (FAFSA) is available at http://www.fafsa.ed.gov. This is the most efficient and effective way to apply for federal financial aid. Post University’s OPE school code, which is 001401, will need to be included on this application. Note - When entering income information into the FAFSA, students and parents are encouraged to use the IRS Data Retrieval Tool (DRT) if you have already filed your tax return. This option is available as you complete the FAFSA and is the most accurate way to submit your income information. If you have not yet filed a tax return or are unable to use the DRT, you will need your W2 information to complete the FAFSA. If you are not required to file a tax return, you will need records of your untaxed income.

  • If you need assistance completing the FAFSA your Financial Aid Administrator is also available to help you. You may reference the “Help and Hints” provided with each entry or you may click “Need Help” when completing the FAFSA on the Web. You may also contact Federal Student Aid Customer Service by calling 1-800-4-FED-AID (1-800-433-3243), or sending an email to FederalStudentAidCustomerService@ed.gov.

Upon completing your FAFSA with Post University’s school code, Post University will receive an Institutional Student Aid Report (ISIR) within 5–7 days. The Financial Aid Administrator will review your information, analyze your need and issue you an award letter.


ApplYING FOR FINANCIAL aID: HOW IT WORKS

Step 1

You may obtain your FASFA Personal Identification Number (PIN) when you complete your FAFSA but you also have the option to obtain one ahead of time. This will allow you and your parent (if applicable) to electronically sign your FAFSA once you have completed it. You may apply for a Personal Identification Number (PIN) at http://www.pin.ed.gov/PINWebApp/pinindex.jsp.

Step 2

Complete and submit your FAFSA by visiting http://www.fafsa.ed.gov. This application allows your Financial Aid Administrator to determine your eligibility for federal, state, and institutional aid. The FAFSA must be completed every academic year. In order for Post University to receive your FAFSA, you must include Post University’s OPE school code, which is 001401.

Please note, when entering income information into the FAFSA, students and parents are encouraged to use the IRS Data Retrieval Tool (DRT) if you have already filed your tax return. This option is available as you complete the FAFSA and is the most accurate way to submit your income information. If you have not yet filed a tax return or are unable to use the DRT, you will need your W2 information to complete the FAFSA. If you are not required to file a tax return, you will need records of your untaxed income. Examples of this would be your prior year W-2 forms, 1099-SSA, etc.

Step 3

Once electronically submitted you will receive your Student Aid Report (SAR) within 5 – 7 days. Carefully
review your Student Aid Report (SAR) follow any instructions on the SAR directing you to make corrections or updates. If you need assistance with your SAR, contact the Federal Student Aid Information Center at 1-800-4-FED-AID(1-800-433-3243).

Step 4

If selected for Verification, this will be noted on your SAR. This selection process is random, and decided by the US Department of Education (USDoED) A Financial Aid Administrator will work with you to complete this process before financial aid funds can be disbursed. Please note this process is very time sensitive and we have a very limited time to collect all necessary documentation and complete this task.

Step 5

Complete a Master Promissory Note (MPN). If your financial aid award includes a Federal Direct Stafford Loan, and you choose to accept it, you will be required to sign a Master Promissory Note (MPN) concerning repayment of the loan. You will be able to sign the MPN electronically, using the same PIN number issued to you for your FAFSA at https://studentloans.gov.

Step 6

If you have accepted a Federal Direct Stafford Loan you are required to complete Entrance Loan Counseling (ELC). You can do this electronically at https://studentloans.gov. You will also need your same FAFSA PIN to electronically complete this process.

Recommended: Financial Awareness Counseling – students may access this module to learn the basics of financial management, review current federal student loan debt, and receive an estimate of debt at the time the students leave school. This may also be accessed at https://studentloans.gov.

A vast majority of students today use a combination of the following to finance their education and manage their living expenses while attending classes:

  • Free Application for Federal Student Aid (FAFSA)*
    • Federal Direct Stafford Student Loans
    • Federal Pell Grants: A Federal Pell Grant, unlike a loan, does not have to be repaid. Pell Grants are awarded
      only to undergraduate students who have not earned a first bachelor’s or a professional degree.
    • Scholarships**
  • Payment Plans

*Federal aid is available based on the individual’s financial need and eligibility determined by the information obtained from the FAFSA.

**
We encourage students to research and apply for any available outside scholarships.

For Fall Admission it is best to apply for federal aid by February 15th. Institutional Aid for Fall Admission is awarded on a first come, first-served basis.


Federal Financial Aid Award letter

Our Office of Student Finance will issue you an award letter outlining your financial aid eligibility for the current academic year.

  • After you have reviewed your award letter, you have the option to accept the award, accept the award with changes, decline any part of the award, or decline the award in its entirety.
  • You, and your parents if applicable, have 14 days to sign and return the award letter from the time you receive it.
  • A representative from the Office of Student Finance will work with you to complete a payment plan to cover any out-of-pocket expense. During this conversation we will discuss Federal Direct Parent PLUS Loan opportunities in addition to possible private student loans through various student lending programs. All students must be matriculated and enrolled at least half time and in an eligible program for their financial aid to disburse.
  • To get more information on Parent PLUS Loans and private student loans go to http://studentaid.ed.gov/
    PORTALSWebApp/students/english/parentloans.jsp
    or http://www.elmselect.com/link/
    Query?SchoolID=300&utm_campaign=ES1&utm_medium=Redirect&utm_source=School
    .

Other helpful information you may locate at the above mentioned websites are:

  • Request for Transcript of Tax Return
  • Dependent Verification Worksheet
  • Independent Verification Worksheet
  • Request for Review of Changes of Income

All students must be matriculated and enrolled at least half time and in an eligible program for their financial aid to disburse.

Students cannot receive Federal Aid at more than one institution concurrently. Please contact your Financial Aid Administrator if you have received Aid at another institution during the current academic year.


Federal Aid Programs

Post University participates in a number of other federally funded financial aid Programs:


Federal Financial Aid Discrepancies

Please be aware that every time your award is increased or decreased there will be a difference in your Student Account and that these are not necessarily discrepancies. Please contact the Financial Aid Office at 800.345.2562 to check on your disbursement.