March 1 FAFSA deadline approaches for students eligible to receive federal aid

By Brittany Keeperman
rutorchnews@gmail.com

The majority, 79.6 percent, of undergraduates at Roosevelt University receive some kind of need-based financial aid. Students who fall into this majority can submit their Free Application for Federal Student Aid form for the upcoming academic year.
The U.S Department of Education offers the FAFSA form to all U.S. citizens or eligible non-citizens enrolled in a degree or certificate program at a university or career school.
The FAFSA application will determine students’ eligibility for federal aid by analyzing their personal and financial details, according to Eric Weems, interim associate provost for enrollment.
After students’ information is analyzed, an expected family contribution will be generated, which determines aid availability, Weems said.
Dependent students will have to enter their parents’ information, as well.
“The vast majority of students are dependent, but if you are 24 or older or if you have already completed a bachelors degree, then you are considered independent,” Weems said.
Independent or dependent status does not affect the type of aid students may qualify for, though there are different kinds of aid available.
Aid money comes in a variety of different forms from federal, state and university sources, according to Weems.
Types of financial aid that must be repaid include federal direct subsidized loans and federal direct unsubsidized loans. Grants, scholarships and work study money does not have to be repaid.
Previous loans will only impact a student if the student has reached a lifetime limit for the program, Weems said.
Grant eligibility is based solely on the expected family contribution, so loans will not impact the amount of assistance students may receive for scholarships and grants, he added.
“It’s crucial that students who qualify for the MAP grant fill out their estimated tax information and file their FAFSA before March 1,” Weems said. “This is because the grants typically cease funding for students that file after the deadline. Students may fill in corrected tax information later on, using the IRS data retrieval tool.”
More information on financial aid can be found at roosevelt.edu/financialaid.
For assistance completing the FAFSA, the Financial Aid Office is hosting a FAFSA Friday event this Friday where staff members will be on hand to answer questions. The Financial Aid Office requests that students bring their FAFSA pins and social security numbers or alien registration cards.

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