Admissions

Completing the FAFSA

1.  

To apply for Federal Student Aid, you must first complete a Free Application for Federal Student Aid (FAFSA). This can be done online at www.fafsa.gov.

We recommend that the FAFSA be completed each year by March 15.

NOTE:  THERE IS NO CHARGE  TO COMPLETE THE FAFSA IF YOU USE THE DEPARTMENT OF EDUCATIONS WEBSITE.

 

      School Codes:

  • Roberts Wesleyan College: 002805
  • Northeastern Seminary:
    034194

 

   

 **The best way to provide income informaton on the FAFSA (if the student, spouse, and/or parent filed or will file a IRS Income Tax Return), is by using the IRS Data Retrieval Tool that is part of the FAFSA.  In most cases, the IRS Tax information can be transferred 2-3 weeks after filing your federal return.

 
2.  

After you apply, you will receive a Student Aid Report (SAR). The SAR contains the information reported on your FAFSA and usually includes your Expected Family Contribution (EFC).

 

The EFC, a measure of your family's financial strength, is used to determine your eligibility for federal student aid.

FinancialEquation

    The significance of the EFC is two-fold:
  • It provides a standard by which most colleges develop a financial aid package. Most financial aid administrators take the total cost of attendance and subtract the EFC. The result is the student's financial need.
    • The cost of attendance is composed of direct costs and indirect costs. Direct costs include tuition, fees, room and board; in other words, what is directly charged to the student by the college. Indirect costs are equated with incidental expenses (e.g., books, personal expenses, and transportation).
    • The EFC is a combination of the parents' contribution (if student is dependent) and the student's contribution.
    • Financial need is an indication of the amount the student and student's parents (if student is dependent) are unable to contribute toward the cost. Therefore, financial aid administrators try to meet or compensate the financial need through financial aid.
  • It determines what types and how much federal aid are eligible for the student.

Note: No student may receive financial aid in excess of the cost of attendance.

       
3.   You must be accepted for admission at Roberts Wesleyan College and your SAR received before we determine your federal aid eligibility and provide an award letter based on your SAR.  It is anticipated that 2014-2015 award letters will be available beginning mid-March 2014.

Additional Note: If a student (or student's family) has unusual circumstances, the Financial Aid Administrator should be notified. Examples include:

  • tuition expenses at an elementary or secondary school
  • unusual medical or dental expenses not covered by insurance
  • a family member who recently became unemployed
  • changes in income that affect a student's eligibility for federal financial aid

Roberts Wesleyan College is required by the U.S. Department of Education to check the accuracy of information for selected Student Aid Reports before Title IV funds (Federal Pell Grants, Federal SEOG Grants, Federal Direct Subsidized Loans, Federal Direct Unsubsidized Loans, Federal Perkins Loans, Federal College Work Study) can be disbursed to accounts. This process is called Verification. If you are selected for Verification, all information requested must be provided to confirm eligibility for the Federal funds that appear on your financial aid package.

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