Step 1: Obtain a Federal Student Aid ID (FSA ID)
In order to sign the Free Application for Federal Student Aid (FAFSA), both the student and one parent need a FSA ID from the U.S. Department of Education (ED). A FSA ID can be set up at fsaid.ed.gov/npas/index.htm.
Step 2: Complete the FAFSA
The FAFSA is the only form needed to apply for institutional, state, and federal financial aid at MSOE. MSOE encourages you to file online at www.fafsa.gov. When filing, you will need to list MSOE’s school code, which is: 003868. You can start filing the FAFSA beginning Jan. 1 of the year you plan on enrolling. MSOE encourages you to have your FAFSA processed by our priority deadline of March 15th.
The FAFSA asks income and asset information from both students and parents (if applicable) to calculate your Expected Family Contribution.
In order to determine if you have to provide parental information on the FAFSA, you will have to answer a series of questions. If you can answer YES to ANY of the following statements, you are considered an independent student for financial aid purposes. If you answer NO to ALL of the following statements, you are considered a dependent student for financial aid purposes. As a dependent student you are required to include your parents’ information on the FAFSA regardless of whether your parents claim you on their taxes.
- I was born before January 1, 1993.
- I was married as of the date I filed the FAFSA.
- I have children or other dependents who receive more than half of their financial support from me.
- I will be working on a master’s degree at the beginning of the school year.
- I am currently serving on active duty in the U.S. Armed Forces for purposes other than training.
- I am a veteran of the U.S. Armed Forces.
- When I was 13 or older, both of my parents were deceased, I was in foster care, or I was a dependent or ward of the court.
- As of the date I filed the FAFSA, I was an emancipated minor or in legal guardianship determined by a court in my state of legal residence.
- I was determined an unaccompanied youth who was homeless by my high school, by a transitional living program, or by an emergency shelter program on or after July 1, 2015.
Families are encouraged to use the IRS Data Retrieval Tool when completing the FAFSA application. This tool allows you to directly import your federal tax information into your FAFSA. This tool is available two weeks after you submit your federal taxes electronically.
MSOE will receive your submitted application electronically from the U.S. Department of Education. Starting in March of the year you plan on enrolling, MSOE will begin processing FAFSA applications. Please allow two to four weeks after completion of your FAFSA to receive your award offer.
Step 3: Complete Verification (if selected)
If selected, you will be required to submit a MSOE Verification Worksheet along with you and your parent’s IRS Tax Transcript. You can request IRS tax transcripts by contacting the IRS at 1-800-908-9946 or visiting the IRS Website. Or you can submit a MSOE Verification Worksheet to MSOE and update your FAFSA using the IRS Data Retrieval Tool. MSOE will notify you by mail or MSOE email if you are selected for verification.
Step 4: Respond to Your Award Offer
Once you have completed the FAFSA, MSOE will use your FAFSA to determine your eligibility for institutional, state and federal funds. We will send you an award offer listing all of the aid you are eligible for. New students will be mailed awards after March 1st and returning students will be emailed awards after April 1st.
Still have questions about the process?
Contact the Office of Financial Aid at (800) 778-7223 or email us at email@example.com.