Apply for Financial Aid
Apply for Financial Aid
Starting this Fall, you can submit a FAFSA application as early as October 1, 2016 - three months earlier than ever before. This Fall, all students, new and returning - can use prior-prior year (PPY) tax information when reporting personal and family income.
What does this mean for you if you plan to attend OCtech August 2017-July 2018?
When completing the 2017-2018 FAFSA you will use your 2015 taxes (the same taxes that you used to complete your 2016-2017 FAFSA).
Because you will be using your 2015 income information, there is a greater chance that you can use the IRS Data Retrieval Tool (DRT). The DRT allows you to transfer your official IRS tax information into the FAFSA, reducing errors and speeding up completion time.
For more information regarding PPY, please visit this site: https://studentaid.ed.gov/sa/sites/default/files/fafsa-changes-17-18.pdf
Federal Student Aid (FSA) ID Enhancements for
Accessing the Free Application for Federal Student Aid (FAFSA)
The FSA ID—a user-selected username and password—is required for students, parents, and borrowers to authenticate their identity and access their federal student aid information online. The websites that require an FSA ID to log in are fafsa.gov, NSLDS Student Access, StudentAid.gov, StudentLoans.gov, and the Federal Student Aid Feedback System (when a customer chooses to authenticate). Since the implementation of the FSA ID almost two years ago, over 45 million people have successfully created an FSA ID and have used their FSA IDs to log in over 315 million times. Refer to the link provided for more information about the FSA ID enhancements that will be implemented during May 2017. https://ifap.ed.gov/eannouncements/041817UpcomingImplementationofFSAIDEnhancements.html
2017-2018 Free Application for Federal Student Aid (August 2017-July 2018)
STEP 1: Apply for a FSA ID (Federal Student Aid Identification). CLICK HERE for more information and instructions on how to create an FSA ID. When ready, create your FSA ID: https://fsaid.ed.gov/npas/index.htm
The FSA ID replaces the Federal Student Aid PIN. If you have an existing 4-digit PIN number, you can link your information to your new FSA ID by entering the PIN while registering for your FSA ID. Your FSA ID is used to sign legally binding documents electronically.
STEP 2: Both student and parent (if student is a dependent) should apply for a FSA ID.
STEP 3: Have copies of your 2015 federal tax transcripts (if filed) on hand to complete the FAFSA.
STEP 4: OCtech School Code: 006815
STEP 5: Complete the 2017-2018 FAFSA: www.fafsa.ed.gov
If eligible, use the IRS data retrieval option to transfer all tax information from the IRS onto the FAFSA. Please allow 3-5 business days for processing. Instructions on how to link your tax information using the Data Retrieval Tool and/or for requesting a copy of your Federal Tax Return Transcripts from the IRS.
Financial Aid Application Deadlines
Fall July 1
Spring November 1
Summer April 1
To be considered for campus-based aid, your student aid report must be in the Financial Aid Office (in Building S) before May 1 of each year.
Financial aid applications may be processed after the posted deadlines. However, students should make arrangements to cover the cost of tuition and books for the first semester of enrollment or until they are officially notified of eligibility status for financial aid.
Eligibility for Aid
Eligibility requirements for each type of aid may vary from year to year. For information on the most recent eligibility requirements, methods for determining individual student eligibility and calculating award amounts, contact the Financial Aid Office. Specific eligibility requirements are established by the U.S. Education Department for federally funded aid programs; South Carolina Commission on Higher Education for state-funded programs; and local/private sources for their respective programs. To remain eligible, a student must be enrolled and in good academic standing. Students who withdraw from school after the start of the term are liable for repayment of part or all of the funds received during that semester. In addition, to assure that the student remains eligible, the student must notify the Financial Aid Office of changes in enrollment status or program of study.