Applying for Financial Aid

Financing a college education is an important investment that requires many resources. The Financial Aid office offers assistance to students by outlining various financial resources available and guiding students through the application process. Office staff is available throughout the year to assist students with their needs.

Financial Aid consists of:

• Scholarships based on merit (academic, talent, special skill).
• Grants based on need, as determined by a student's aid application.
• Employment that allows students to work and earn money to help pay for school.
• Loan money that is often repaid after school at a low interest rate.

In order to apply for aid at Edgewood, students must complete a Free Application for Federal Student Aid (FAFSA). Applying early is the key to maximizing the number of aid programs for which students will be considered. The college’s priority filing date is March 1.

Applying for aid and completing the Free Application for Federal Student Aid (FAFSA) is fast, easy and costs nothing at www.fafsa.ed.gov. Use the following information to apply, then print the confirmation page and completed application for your records.

• Edgewood’s Title IV school code is 003848
• Prior year Federal taxes and W2 forms for both student and parent, if applicable
• Visit www.pin.ed.gov to apply for student and parent PINs to electronically sign the FAFSA

Student may also contact the Financial Aid office for assistance or to set up an appointment to complete the FAFSA.

Information reported to FAFSA is applied to a formula established by the U.S. Congress. The formula determines the Expected Family Contribution (EFC). This is a figure that assists in determining which type and how much financial aid a student may qualify for.

The Financial Aid office first calculates the estimated cost of attending Edgewood for an academic year. This amount includes tuition, fees, books, room, transportation, and any other miscellaneous personal expenses a student may incur. The EFC is then subtracted from the cost of attendance. If there is anything left over, the student has financial need.

The Financial Aid office puts together a financial aid package that comes as close as possible to meeting the student’s need. However, because funds are limited, the amount awarded may fall short of the amount of need demonstrated.

An award letter is sent to students indicating the types and amounts of aid, how it will be disbursed, and any other conditions of the award. To indicate acceptance and to assure the availability of the awards offered, students must sign the award letter and return it by the specified date.