Penn State Financial Aid in 10 Easy Steps

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Penn State Financial Aid

Penn State Beaver Admissions beaver.psu.edu/admissions 724-773-3800 or 800-JOIN-PSU

Penn State Beaver Finance Office 724-773-3595 Questions regarding billing, tuition charges, and fees.

IN 10 EASY STEPS

PHEAA Grant Division www.pheaa.org 800-692-7392

Federal Student Aid Information Center studentaid.gov 800-433-3243 Ask FSA ID questions; check on your FAFSA status; request duplicate SARs; report an address change or change to college listed on your SAR.

Federal Direct Loan Support Center 800-557-7394 Call if you are having trouble e-signing your MPN, you have questions regarding Federal Direct Parent PLUS credit decisions.

Federal Student Loan Servicers studentaid.gov/manage-loans/repayment/servicers Contact information for the companies that handle billing and other services on your federal student loans.

Direct Loan Borrower Services studentaid.gov/app/launchConsolidation.action 800-557-7394 Information about federal loan consolidation

FSA ID for Students and Parents studentaid.gov/fsa-id/create-account/launch

VA Educational Benefits www.va.gov/education/how-to-apply 888-442-4551

This publication is available in alternative media on request. Penn State is committed to equal access to programs, facilities, admission, and employment for all persons. Penn State is an equal opportunity, affirmative action employer, and is committed to providing employment opportunities to all qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status. U.Ed. BRO 21-41

100 University Drive Monaca, PA 15061

Create an FSA ID for yourself and one for a parent. You will need these FSA IDs to sign your FAFSA and MPNs.


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COMPLETE THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA)

The FAFSA is required to determine eligibility for loans, grants, scholarships, and federal work study. ● Apply online at www.studentaid.gov ● Penn State’s Federal School Code: 003329 ● Recommended filing deadline for freshmen: Dec. 1 ● Use the IRS Data Retrieval Tool to securely transfer federal income tax information directly from the IRS to your FAFSA

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RECEIVE YOUR STUDENT AID REPORT (SAR) VIA EMAIL FROM THE U.S. DEPARTMENT OF EDUCATION SAR information is automatically forwarded to your state and to Penn State (if chosen in the school section). ● Make corrections if necessary and return. ● If no corrections are necessary, keep for your records.

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REVIEW YOUR STUDENT AID SUMMARY ONLINE

Penn State will send you an email with instructions on how to access your Student Aid Summary online. ● Penn State will use the email address you provided on the FAFSA or your admissions application. ● For more information about the types of student aid in your award package, visit studentaid.psu.edu/aidnotification

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COMPLETE THE PHEAA STATE GRANT FORM

If you are a resident of Pennsylvania, you will need to complete the Pennsylvania Higher Education Assistance Agency (PHEAA) state grant form before May 1 to determine your eligibility. ● You can complete the form directly from the link on the FAFSA confirmation page. Access the form at pheaa.org/grants/state-grant-program/apply-renew. shtml. Or you can wait for an email from PHEAA directing you to complete the form on the PHEAA website. For more information, visit pheaa.org/grants/state-grant-program. ● Expect your PHEAA award email or letter after May 15.

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COMPLETE VERIFICATION, IF NECESSARY

Penn State may ask you to verify information from your FAFSA.

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COMPLETE LOAN ENTRANCE COUNSELING

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DETERMINE YOUR NEED FOR A FEDERAL DIRECT PARENT PLUS LOAN

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SEARCH FOR SCHOLARSHIPS

Federal law requires all first-time borrowers to complete counseling before loans can disburse. You may do so at www.studentaid.gov.

For step-by-step instructions, visit the Penn State Student Aid website at studentaid.psu.edu/types-of-aid/loans/ federal-direct-loans/federal-direct-parent-plus-loans.

Check with your high school guidance office for scholarship listings. ● Visit studentaid.psu.edu/types-of-aid/scholarships ● Check out fastweb.com for private scholarship opportunities.

● Documentation may be requested and may include such documents as tax transcripts, W-2s, Selective Service registration cards, and Social Security cards.

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● No federal aid will be disbursed until verification is complete.

Penn State Beaver Student Aid

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COMPLETE THE FEDERAL DIRECT STUDENT LOAN MASTER PROMISSORY NOTE (MPN) Electronically sign your MPN on the Federal Student Aid website at www.studentaid.gov.

CONTACT YOUR CAMPUS STUDENT AID OFFICE IF YOU HAVE QUESTIONS Gail Gray, coordinator 724-773-3803 gailgray@psu.edu Debbie Lathom, staff support 724-773-3805 dlathom@psu.edu

Penn State Office of Student Aid 814-865-6301 studentaid@psu.edu


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