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Office of Student Financial Planning

Steps for Financial Aid

Important changes for the 2017-2018 academic year

Starting with the 2017-2018 academic year, the FAFSA will be available online starting October 1, 2016. This earlier submission date will be a permanent change and will enable students to complete and submit the FAFSA as early as October 1st each year. In addition to the date change, students will also be required to report income information from an earlier tax year. So for the 2017-2018 FAFSA, students (and parents as appropriate) will report their 2015 tax information.

Here is a summary of key dates for submitting the FAFSA:

If you plan to attend college from

You will submit this FAFSA

You can submit
the
FAFSA from

Using income
& tax information from

July 1, 2016 –
June 30, 2017

2016-2017

January 1, 2016 –
June 30, 2017

2015

July 1, 2017 –
June 30, 2018

2017-2018

October 1, 2016 –
June 30, 2018

2015

July 1, 2018 –
June 30, 2019

2018-2019

October 1, 2017 –
June 30, 2019

2016

 

These changes to the FAFSA will provide a number of benefits:

  • Because the FAFSA will ask for older income and tax information, you will already have done your taxes by the time you fill out your FAFSA, and you won’t need to estimate your tax information and then go back into the FAFSA later to update it.
  • Because you’ll already have done your taxes by the time you fill out your FAFSA, you may be able to use the IRS Data Retrieval Tool (IRS DRT) to automatically import your tax information into your FAFSA. When completing the FAFSA you can click the “Link to IRS” button in the Financial Info Section to choose IRS data retrieval, this will automatically pull in your 2015 tax information into the form.
  • Because the FAFSA is available earlier, you may feel less pressure due to having more time to explore and understand your financial aid options and apply for aid before your state’s and school’s deadlines.
  • For more information on this change to the FAFSA process, please visit the  Student Aid FAFSA updates website

1. Be accepted for admission to High Point University

2. Complete the Free Application for Federal Student Aid (FAFSA) online at fafsa.ed.gov as soon as possible after October 1st each year

  • FAFSA may only be completed by US Citizens and Permanent Residents
  • FAFSA is the only application for financial aid our office requires
  • In order to complete the FAFSA both the student and the parent will have to apply for a FSA ID – this is a unique identifier that serves as your signature
  • Remember to include the HPU school code (002933) in the release section in order for our office to receive your FAFSA results
  • The results of your FAFSA should be received by the Student Financial Planning Office within 10 days from the date of filing
  • If you did not include your Social Security Number on your Admissions application, then please call into our office (336-841-9124) so that it can be added to your account. We cannot access your FAFSA application without a SSN in our system

3. Upon receiving your FAFSA data, your Financial Planning Counselor will review your eligibility for our need-based programs

  • You will receive a personalize aid package in the mail
  • All aid awarded through our office is need based. Merit based scholarships are administered by the Admissions Office
  • Aid packages will be mailed out starting the beginning of December each year for new incoming Freshman. In order to provide you with a comprehensive award package, we will wait to mail an award letter until a decision on your presidential scholarship has been reached
  • Award letters for returning students will not be sent out until the end of the Spring term
  • All aid packages will include the Financial Aid Terms and Conditions

Please Note: If you are selected for a process called “verification”, you will receive a letter from our office requesting required supportive documentation. Please respond to these requests as soon as you can so that our office may continue processing your application for financial assistance.

4. If you are offered any loans, then you need to complete a Loan Acceptance Form

If you are ACCEPTING your student loan(s) to help cover the cost of your education:

  • Step 1: Complete Entrance Counseling at studentloans.gov
  • Step 2: Complete a Master Promissory Note at studentloans.gov. This is a binding, legal document through which the borrower agrees to repay the loan. It should be read carefully and a copy retained for the borrower’s records.
  • Step 3: Turn in the completed and signed Loan Acceptance Form to the Office of Student Financial Planning in person, via mail, via fax (336-841-4649) or email finplan@highpoint.edu

If you are DECLINING your student loan(s) at this time:
Check decline on the Loan Acceptance Form and turn the signed form into the office of Student Financial Planning in person, via mail, via fax (336-841-4649) or email finplan@highpoint.edu

 

Please Note: Financial aid awarded by or administered through High Point University will be credited to your account, half in the Fall Term and half in the Spring Term. The only exception is the Student Employment Program (SEP) for which you receive payment for actual hours worked each pay period.

 

CONTACT THE OFFICE OF FINANCIAL PLANNING

Our main office is located in Suite 100 of Roberts Hall.

Phone: (336) 841-9124
Fax: (336) 841-4649
Email: finplan@highpoint.edu
FAFSA/Title IV School code: 002933