Applicants for financial aid must complete the FAFSA or FAFSA Renewal Application. Applying for financial aid can be overwhelming, therefore, we have listed a few key points to assist you.
STUDENT AID REPORT
A Student Aid Report (SAR) will be mailed to you approximately 4-6 weeks after submitting the FAFSA or Renewal FAFSA for processing. The U.S Department of Education will provide your information to the Office of Financial Aid, if you listed our federal school code (001582). Applicants whose files are completed on or before April 1 will be considered for all available funds. Keep your original SAR for your records. We will receive your SAR electronically.
2012 IRS TAX TRANSCRIPT
Only students selected for verification are required to submit IRS tax transcript. If you are selected, an asterisk (*) will appear on the SAR next to the Expected Family Contribution (EFC) and the SAR will provide a message requesting that you contact your school regarding submitting additional documents. If selected, please provide your 2012 IRS tax transcript. All tax documents must be mailed directly to the Office of Financial Aid at Morehouse College as early as possible. (DO NOT MAIL TAX RETURNS TO THE FEDERAL PROCESSOR). We will review tax returns with your electronic SAR, make adjustments as required by law, and determine your eligibility for aid.
PARENTAL INFORMATION REQUIRED FOR DEPENDENT APPLICANTS
Dependent applicants must provide parent and student information on the FAFSA. However, applicants disputing the definition, will be required to submit supporting documentation regarding dependency status. Please review Student Status, Step Three on the FAFSA, for details on the dependency definition.
Funds are limited. If your FAFSA or tax returns are received after the stated deadline, you will be considered a late filer. Exceptions to the April 1, deadline will not be made due to IRS extensions. Later file review and award notification will begin mid-summer. LATE FILERS ARE NOT NORMALLY AWARDED FEDERAL PERKINS LOAN, FEDERAL WORK STUDY OR FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT.
WHEN TO APPLY FOR FINANCIAL AID
Although there is no deadline to apply for financial aid, if you wish to be considered for student employment or low-interest loan funds, such as the Federal Perkins Loan, Federal Work Study and FSEOG Grant, please adhere to the recommended dates on the checklist.
Awards are final unless documentation is received regarding special circumstances that warrant an adjustment of the initial award. After the information is received and evaluated by the Financial Aid Advisor, a revised award letter will be sent to you, if necessary. Please note that all additional information should be submitted as soon as possible to ensure that the awards are processed in a timely manner.
If you filed the Free Application for Federal Student Aid (FAFSA) and submitted all required documents free from error to the Office of Financial Aid by the priority deadline (February 15, 2013), you will be notified after April 1, 2013. To assure timely consideration for financial aid, you should respond promptly to any requests for additional information. For further information, call the Office of Financial Aid, (404) 215-2638.