It's Financial Aid Time!

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posted 3/4/2013 in Community News

College financial aid season is in full swing, and there are a few important steps you should take if you or someone you know is currently enrolled or plan to begin their studies in the fall of 2013.

The first step for financial aid is to complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is the federal form required to receive need-based aid from the federal and state governments. This includes the Pell Grant and all Federal Student Loans. The FAFSA is a free form that can be completed by visiting www.FAFSA.gov.

The FAFSA requires income information for both the student and the parent, including:

  • Social Security numbers, dates of birth and driver’s license numbers;
  • Most recent state and federal tax statements;
  • W-2 forms and records of all income from last year (taxed and untaxed);
  • Bank and investment statements;
  • Farm and business records; and
  • Alien registration numbers for those who aren’t U.S. citizens.

In addition to the FAFSA, students are encouraged to apply for scholarships from both the college they will attend and from local businesses and organizations.

Information supplied by Iowa College Access Network (ICAN). Visit www.ICANsucceed.org for more information.

Northwest Bank works with Iowa Student Loan® to offer supplemental private student loans to help you meet the cost of college. Click here for more information.