Applying for Financial Aid
The Office of Financial Aid can help you finance your education by assisting you with the completion of forms and applications. Below are step by step instructions to assist you in applying for and receiving financial aid at Alcorn State University.
Step 1: Apply for a PIN at www.pin.ed.gov. The PIN application is for students and/or parents who would like to receive a PIN to electronically sign the Free Application for Federal Student Aid (FAFSA).
Step 2: Complete the Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA for the current year. Remember to add the school code (002396), so that the Financial Aid Office will receive your information electronically. The FAFSA application will be processed within 3 to 6 weeks and you will receive a Student Aid Report (SAR). Review this information carefully. A valid SAR will have an Expected Family Contribution (EFC) number (Example EFC: 00000). You can complete the paper FAFSA or apply over the Internet at http://www.fafsa.ed.gov. Your PIN can be used each year to electronically sign your FAFSA and to access your U.S. Department of Education records online.
Step 3: If your Student Aid Report (SAR) is selected for Verification - How can you tell? If your EFC has an asterisk after the end of the last number (example: EFC: 00000*) you are selected. If your SAR is selected for verification, you and your parents will have to submit signed copies of IRS tax forms (1040, 1040A, or 1040EZ) for the past tax year. If your parents did not file taxes, they must submit proof of all non-taxable income for the past year (Example: AFDC, Child Support, Social Security, etc...). A Verification Worksheet (VWS) will also have to be completed, signed, and returned to the Office of Financial Aid before your financial aid file is reviewed for completion and awarding..
Step 4: Complete an Alcorn State University 2014-2015 Financial Aid Application(FAA). If you have never completed an ASU FAA, you must complete the FAA. If you have completed a FAA since attending Alcorn you are not required to complete a new FAA, but it is recommended that you submit a new FAA to provide updated information.
Step 5: Additional Requirements – you must respond to all requests for additional documents and information. No financial aid can be awarded until all required information and documents have been received and the verification process is complete. Incomplete documents will be returned to the student.
Step 6: Review Award Online at www.alcorn.edu (Banner Online Services), Award Letters will be mailed to students that are awarded before registration. Review awards that have been offered, only return or notify financial aid counselor if you wish to decline all or a portion of the award. Award letters are subject to change, please view online for real time updates. You will not necessary receive paper copies of all changes.