How to Apply for Financial Aid

Most financial aid is based on a determination of a family's financial need. The exceptions are usually academic merit awards and outside scholarship sources that the student applies for independently of the College (although many of these aid funds will have a "financial need" component as a part of eligibility determination).

All students should complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is a federal application and is used to determine a family's expected contribution toward educational costs. When the family's financial expectation is subtracted from the anticipated college costs, the financial need is determined.

The Federal Department of Education should make the FAFSA for the 2008-2009 school year available by January 1, 2008. You can access the form at http://www.fafsa.ed.gov/.

The Federal School Code for Lincoln College is 001709.

What Does the FAFSA Ask For?
The FAFSA asks for you (and, if applicable, your parents) to include information from your 2007 federal tax return and personal assets.

What Happens After You File?
In a few weeks time, the Federal Processor will send you a Student Aid Report (SAR). The SAR will list all of the answers you put on the FAFSA, and may be used to make corrections or to update information that was previously estimated by you.

Be sure to check that Lincoln College is listed on the SAR. If the College is not, contact the Financial Aid Office immediately.

Lincoln College's Financial Aid Office will receive your FAFSA data electronically from the Federal Processor. Upon receiving the information, a financial aid award notice will be sent to you in a matter of days. Any additional instructions will also be sent with the award notice.

Updated 10/24/07

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