Financial Aid Process for New Undergraduate Students - Fall 2017
1. Complete an application for admission to Mount Union.
2. Complete the 2017-2018 Free Application for Federal Student Aid (FAFSA). File online at www.fafsa.gov. You can file as early as October 1, 2016. Schools will use the FAFSA to determine your eligibility for financial aid. Here are some tips to help you file the FAFSA:
You and your parent will each need to obtain your own FSA ID (username and password) at https://fsaid.ed.go . The FSA ID will allow you and your parent to electronically sign the FAFSA, making the application process simpler and faster. Please note: The FSA ID has replaced the Personal Identification Number (PIN). If you already have a PIN, you will need to create an FSA ID.
Starting with the 2017-2018 families are able to use prior-prior year tax information to complete the FAFSA. Families should be able to use the IRS Data Retrieval Tool when filing the 2017-2018 FAFSA to link 2015 tax data to the FAFSA. Be sure to have your 2015 W2’s and tax returns to easily complete the FAFSA. The hope is students are able to finalize the financial aid process sooner and have more available information to make their college decision. Please see the chart below for additional details about filing the FAFSA and which tax year to use.
When a student is attending college (school year)
When a student can submit their FAFSA
Which year’s income and tax information is required
July 1, 2015-June 30, 2016
January 1, 2015-June 30, 2016
July 1, 2016-June 30, 2017
January 1, 2016-June 30, 2017
July 1, 2017-June 30, 2018
October 1, 2016-June 30, 2018
July 1, 2018-June 30, 2019
October 1, 2017-June 30, 2019
Add the University of Mount Union as one of the schools on the FAFSA. Our federal school code is 003083.
3. Mount Union will send a comprehensive financial aid award to you in the mail AFTER you have been accepted for admission to the University and after Mount Union has received the results of the FAFSA2.
4. The awarding process starts in early December 2016 and continues throughout the academic year.
5. After you receive your financial aid award from Mount Union, you will be contacted by a member of the University's Admission staff, who will answer any questions you or your parents may have. Receiving information on your college financial aid status is an important step. We want to be sure you are fully informed!
6. Once you have decided to enroll at Mount Union, you should forward the $150 deposit (if you have not already done so) to the Office of Admission. Should your plans change, this deposit is fully refundable until May 1, 2017.
7. Please be sure to look at the “Missing Items” section on your financial aid award letter. Many types of financial aid require you to complete a form or online item before they can be disbursed. For example, If you are borrowing Federal Direct Loans, you MUST:
Complete Direct Loan Entrance Counseling online at www.studentloans.gov. You will need your FSA ID to log in.
Complete a Direct Loan Master Promissory Note (MPN) online at www.studentloans.gov. You will need your FSA ID to log in.
Return the Direct Loan Request Form (found under our Forms section) to the Office of Student Financial Services
8. If you have been notified that you’ve been selected for verification, please click here for more information.
9. Please call our office at 330-823-2674 to set up an appointment with one of our financial aid counselors. We can review your award letter, answer any questions you have, and discuss additional options for covering a remaining balance. Having a solid financial plan is key!
10.Get ready for Preview! Students who have paid their deposit will eventually receive information on Preview, our orientation program.
11. New students will receive frequent correspondence from campus offices via their Mount Union email addresses. It is important for students tocheck their MountUnion email frequently!