Financial Aid

There will be a Financial Aid Information Night at the North Woods School Library at 5:00 pm on January 28, 2016. The Financial Aid Director from Mesabi Range Community and Technical College will be on hand to answer questions. Leanne Hoffman from Bois Forte will also be there with information.

This is a great opportunity to learn about financial aid and to get questions answered! 

 

What is Financial Aid?

    Financial aid comes in three basic forms:

        *Grants or scholarships: awards that you do not have to repay

        *Loans: borrowed funds that must be repaid with interest

        *Work study: money earned through on- or off- campus employment while attending college

    Your eligibility for various types of aid is determined by the cost of attendance and your    

    financial needs.

 

How do I apply for financial aid?

To apply for financial aid, you must complete the Free Application for Student Aid (FAFSA). The FAFSA is used to apply for Minnesota State Grants, Federal Pell Grants, Stafford Loans and other types of financial aid available at specific schools.

Create your FSA ID:
*Go to www.fsaid.ed.gov

*What is the FSA ID? The FSA ID replaced the PIN in May 2015. The FSA ID is a username and password that serves as a student's or parent's identifier to access personal information on Federal Student Aid websites, including FAFSA on the Web. It also acts as a digital signature on some online forms.
 

Complete the FAFSA:

*Go to www.fafsa.ed.gov and complete the FAFSA online. (The paper FAFSA may be obtained and printed from the website www.studentaid.gov or you can request a copy by calling 1-800-433-3242.)

*The FAFSA worksheet can be found online or picked up in the Counselor’s Office. These worksheets help you obtain information needed before filling out the online form. 

*To complete the FAFSA you will need the following financial records:

        *Student’s tax return; Parents’ tax return if you apply as a dependent students; Spouse’s tax

        return (if you are married and your spouse filed a separate return)

 

**Everyone should submit the FAFSA regardless of income.

**Get your taxes done and file the FAFSA as soon as you can. The quicker you file the better chance you have of getting money!!

**It is free to fill out the FAFSA, so never pay any money to do so! Make sure you go to the correct website.

 

All information on this page was taken from the Minnesota Office of Higher Education’s Guide to Paying for College and the Upward Bound newsletter.