Applying for financial aid.
Most financial aid programs require students to file a Free Application for Federal Student Aid (FAFSA). The following process explains the FAFSA process. For students only interested in scholarships, please click here for scholarship information.
Step 1: Apply for a PIN
You, and your parent (if you are under 24 years old), will need to apply for a PIN number: click here to go to the Federal Student Aid PIN Application.
Step 2: Complete the Free Application for Federal Student Aid (FAFSA)
Once you have received your PIN number, complete the 2015-2016 FAFSA (available after January 1). Click here to complete your FAFSA before our priority deadline date of February 15, 2015 for incoming students and March 1, 2015 for returning students.
Download the pre-application worksheet to assist you in filling out the application.
The 2015-2016 FAFSA will ask for income information from 2014. If you have not yet completed your 2014 tax return, complete the FAFSA using estimated figures. You will need to make corrections to your FAFSA once you file your tax return.
As you fill out your FAFSA, make sure to add New College as a college choice so that our office will receive a copy of your FAFSA. Our FAFSA code is 039574.
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 logon to the FAFSA website and review your SAR. Go online and verify that the SAR summarizes the information you provided on the FAFSA application. Make any necessary corrections.
Step 4: Additional Documentation
Roughly one out of every three applicants filing the FAFSA is randomly selected for a process called verification by the Central Processing System (CPS). Students selected will see an asterisk (*) next to their EFC on the SAR. Students selected for verification are required to provide additional documentation to the Financial Aid before their file can be completed and any aid distributed. Students will be notified by the Office of Admissions and Financial Aid if they need to submit any documentation.
Step 5: Award Notification
Once your application is completed, you will receive a Statement of Award from our office. These letters are sent in March for incoming students and July for current students. All of your financial aid awards will be itemized on this Statement of Award. Be sure to carefully read the Financial Aid Award Letter Guide accompanying your Statement of Award. It provides the terms of your award and conditions for maintaining financial aid eligibility.
Step 6: Financial Aid Disbursement
All financial aid funds are applied directly to your New College account. Your New College account is established through 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 balance is paid to you by refund check or as you indicated on the Title IV Authorization Form.