Applying for Financial Aid.
If you are a U.S. citizen, permanent resident alien, or eligible noncitizen, apply for need-based aid and federal student loans using the Free Application for Federal Student Aid (the “FAFSA”). Plan to file once a year, for each academic year you hope to receive aid. For students only interested in scholarships, please visit our scholarships page.
Step 1: Apply for a Federal Student Aid ID (FSAID)
You — and your parent if you are under 24 years old — will first need to obtain a, FSAID: click here.
Step 2: Complete the Free Application for Federal Student Aid (FAFSA)
Using your Federal Student Aid ID, complete the FAFSA tied to the academic year for which you are seeking aid. (For example, use the 2016-2017 FAFSA if you are seeking aid for the academic year that begins in August 2016.) The 2016-2017 FAFSA will be available on Jan. 1, 2016, and you will need to use 2015 tax year information to complete it. Click here to get started on the FAFSA.
Be sure to indicate New College’s school code — 039574 — so we will receive your FAFSA information.
Priority deadlines: Meet your priority FAFSA filing deadline if you want to be eligible for the best possible aid package.
-- New (incoming) NCF students — February 15
-- Returning NCF students — March 1
The FAFSA application is available each year after January 1. If you miss your priority deadline, you should still file; just note that late filing may have an effect on your award and delay disbursement of your federal aid.
Make it easier with the IRS Data Retrieval Tool (DRT): The 2016-2017 FAFSA will ask for income information from 2015. Use the DRT to transfer tax information simply and to expedite the process. DRT is generally available two weeks after you file your taxes electronically.
Please click here to see if you are eligible to use the DRT.
For instructions on the DRT process, click here to download an infographic or view this DRT tutorial (thanks to University of California at Santa Barbara for sharing).
FAFSA Corrections and Updates: If you have not yet completed your 2015 tax return, file the FAFSA using estimated figures.Both incoming and returning students are required to update their FAFSA with accurate numbers once taxes are complete. If you are eligible, please use the IRS Data Retrieval Tool (DRT) to go back into your FAFSA and make updates. If you are not eligible, update your FAFSA manually by inserting the correct tax numbers.
Step 3: Review your Student Aid Report (SAR)
Once your FAFSA is processed by the Department of Education, you will receive an email requesting that you log on to the FAFSA website and review your Student Aid Report. Verify the information on your SAR and -- if necessary -- make corrections.
Step 4: Additional Documents.
Roughly one out of every three applicants filing the FAFSA is selected for a process called Verification by the U.S. Department of Education. If you are selected you will see an asterisk (*) next to the Expected Family Contribution (EFC) on your SAR. You will be required to provide additional documentation to Financial Aid before your eligibility can be approved and any aid distributed. Using the IRS Data Retrieval Tool (DRT) can simplify the process. Click here to see if you are eligible to use the DRT. Click here for more information on the verification process:
Step 5: Award Notification
After your FAFSA is complete, you will receive a Statement of Award from our office. We send letters beginning in March for incoming students, and begin posting online in NewCLEIS for returning students in July. All of your financial aid will be itemized on this Statement of Award. New students: Be sure to read the Financial Aid Award Guide accompanying your Statement of Award; it provides the terms of your award and conditions for maintaining financial aid eligibility.
Students with Florida Prepaid: Please note this will NOT be displayed on your Statement of Award. Florida Prepaid is a separate program, handled out of our business office; the associated credits will be reflected on your bill. For questions on the Florida Prepaid program, please email email@example.com or call 941-487-4625.
Step 6: Financial Aid Disbursement
All financial aid funds are applied directly to your New College account, which is administered by the Business Office. Your account consists of all educational fees, room and board, and any other school charges. One-half of your aid is credited to your account for the fall semester and the other half is credited for the spring semester. If your financial aid exceeds your school charges, the Business Office will pay the balance to you by refund check or as you indicated on the Title IV Authorization Form.