The Free Application for Federal Student Aid (FAFSA)
The Free Application for Federal Student Aid (FAFSA) is the primary application used by all colleges in the United States to determine eligibility for need-based financial aid. Your FAFSA results can be directed to several colleges at once by listing the colleges' codes. The University of Evansville's code for the FAFSA is 001795.
By completing the FAFSA, you will be applying for:
- Federal Aid (including grants, loans, work-study)
- Indiana Grants (if you are an Indiana resident)
- University of Evansville grants (traditional, undergraduate students only)
Aid you receive from the FAFSA will be in addition to UE merit-based scholarships.
The FAFSA should be completed annually after January 1 to apply for aid for the following academic year. Students entering UE in the fall semester of 2014 should file the 2014-15 Free Application for Federal Student Aid (FAFSA) after January 1, 2014. Indiana residents should file by March 10, 2014, for maximum aid eligibility.
Students must be seeking a degree and accepted for admission by UE to be aid-eligible. The types of aid for which you are eligible will vary dramatically based upon several variables: the type of degree you are seeking (traditional bachelor's degree, degree from Center for Adult Education, graduate degree, second bachelor's degree, etc.); your classification as a dependent or independent student; and your enrollment as either a full-time or part-time student. Some FAFSAs are selected by the federal processor for a review called Verification. If your FAFSA is selected for this process, the UE Office of Financial Aid must follow specific regulations to check the accuracy of your FAFSA data.
Notification of your specific aid eligibility comes from the UE Office of Financial Aid in the following timeframe:
- Spring 2014 – newly admitted students will begin receiving Financial Aid Notification Letters in October 2013.
- Fall 2014 – newly admitted students will begin receiving Financial Aid Notification Letters in March 2014.
- Returning UE students with completed financial aid files will receive Financial Aid Notification Letters each June for the next academic year.
What is Verification?
Verification is an annual process mandated by Congress and the U. S. Department of Education to check the accuracy of the information you (and your parent(s) and/or spouse) provide on your Free Application for Federal Student Aid (FAFSA). At UE, the Office of Financial Aid (OFA) is responsible for enforcing this regulation.
Each year FAFSA applicants nationwide are selected by the U. S. Department of Education Central Processing System (CPS) for verification. In addition to this random selection, UE can select FAFSAs to verify where it appears data discrepancies might exist. Some students may be selected in multiple years for the verification process. Others may be selected only once or not at all. If selected, students must provide the necessary information in a timely manner.
At UE, incoming freshmen and new transfer students will be offered their financial aid award even if the FAFSA must be verified. Paperwork from the OFA will indicate if this is the case. No federal, state, or UE need-based grants will be released until the process has been completed. In some few cases, the FAFSA may be selected for verification after an original Financial Aid Notification Letter has been sent. Verification information must be collected in these instances and corrections made to the FAFSA and/or awards at that point.
Returning UE students selected for verification must complete the process before any aid eligibility can be determined for federal, state, and/or need-based University funds. You will be notified by postal mail during late spring/summer (typically) about this process and what is needed. You will be reminded at regular intervals about information that still is missing or incomplete. Students selected should supply the requested verification documentation by the last day of the enrollment period in order to maximize aid eligibility. No further action on the financial aid application (FAFSA) can be taken until satisfactory documentation is received and the verification review is complete, including aid disbursement and loan certification.
Students (and your parent(s) and/or spouse) who can utilize the FAFSA’s IRS Data Retrieval Tool are highly encouraged to do so. Using the IRS Data Retrieval Tool satisfies part of the verification requirements. In some cases, student (and your parent(s) and/or spouse) prior year federal tax return transcripts may be required. In all cases, a verification worksheet is required. The OFA will inform you of these requirements and the options to provide the necessary materials.
If there are differences between your FAFSA information and the verification documents, UE will make the necessary corrections electronically and submit them to the Central Processing System (CPS). At that point, you will receive either a Financial Aid Notification Letter or a revised award letter.