understanding financial aid 101: completing the 2016-17 ...css/financial aid profile . css/financial...
TRANSCRIPT
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Understanding Financial Aid 101:
Completing the 2016-17
Application Process
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ND Financial Aid Application Process
• Free Application for Federal Student Aid
(FAFSA)
– Required for consideration for all federal financial aid
programs
• CSS/Financial Aid PROFILE
– Required for consideration for need-based
institutional scholarships
• Institutional Documentation Service (IDOC)
– Document collection service used to collect and
image supporting documents for verification (e.g. tax
returns, verification worksheet, etc.)
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Priority Filing Dates
• February 15, 2016
– Free Application for Federal Student Aid (FAFSA)
– CSS/Financial Aid PROFILE
• March 1, 2016
– Institutional Documentation Service (IDOC)
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Be Prepared
• Gather the following information for yourself and
your parent prior to beginning your applications:
– Social Security Number
– Most recent federal income tax returns, W-2(s), and
records of other taxable income
– Records of untaxed income
– Bank statements and records of investments
• The FAFSA and PROFILE are “smart”
applications
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Free Application for Federal
Student Aid (FAFSA)
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Federal Student Aid ID
• https://fsaid.ed.gov/npas/i
ndex.htmSign FAFSA
electronically
• Create ID for student
• Create ID for parent
• Used annually to
electronically sign your
FAFSA and access your
federal records
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Free Application for Federal Student Aid
• Website: www.fafsa.gov
• You Tube: Completing the FAFSA for 2016, by PHEAA
• FAFSA on the Web Worksheet:
– Used as “pre-application” worksheet
– Questions follow order of FAFSA on the Web
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IRS Data Retrieval Tool
• You Tube: IRS Data Retrieval Tool
• Applicant may submit real-time request to IRS for
tax data using FAFSA on the Web (FOTW)
• IRS will authenticate taxpayer’s identity
• IRS sends real-time results to applicant in new
window
• Applicant chooses whether or not to transfer data
to FOTW
• Data Retrieval Tool will be available February XXX
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CSS/Financial Aid PROFILE
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CSS/Financial Aid PROFILE
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Notre Dame uses Question 524 which asks who saved the assets
reported in the student’s name.
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Notre Dame School Codes
FAFSA 001840
PROFILE 1841
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IDOC Service
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Institutional Documentation Service
(IDOC) Process
• First email notices sent to student and parent if
email address provided on PROFILE
• Access IDOC portal at
https://idoc.collegeboard.org
• IDOC Portal available February 2, 2016
• Strongly encourage you to submit all documents
at one time
• Option for electronic upload
• Option for paper mail
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