Understanding Financial Aid 101: Completing the 2016-17 ...CSS/Financial Aid PROFILE . CSS/Financial Aid PROFILE . Notre Dame uses Question 524 which asks who saved the assets reported

Understanding Financial Aid 101:

Completing the 2016-17

Application Process

ND Financial Aid Application Process

• Free Application for Federal Student Aid

(FAFSA)

– Required for consideration for all federal financial aid

programs

• CSS/Financial Aid PROFILE

– Required for consideration for need-based

institutional scholarships

• Institutional Documentation Service (IDOC)

– Document collection service used to collect and

image supporting documents for verification (e.g. tax

returns, verification worksheet, etc.)

Priority Filing Dates

• February 15, 2016

– Free Application for Federal Student Aid (FAFSA)

– CSS/Financial Aid PROFILE

• March 1, 2016

– Institutional Documentation Service (IDOC)

Be Prepared

• Gather the following information for yourself and

your parent prior to beginning your applications:

– Social Security Number

– Most recent federal income tax returns, W-2(s), and

records of other taxable income

– Records of untaxed income

– Bank statements and records of investments

• The FAFSA and PROFILE are “smart”

applications

Free Application for Federal

Student Aid (FAFSA)

Federal Student Aid ID

• https://fsaid.ed.gov/npas/i

ndex.htmSign FAFSA

electronically

• Create ID for student

• Create ID for parent

• Used annually to

electronically sign your

FAFSA and access your

federal records

Free Application for Federal Student Aid

• Website: www.fafsa.gov

• You Tube: Completing the FAFSA for 2016, by PHEAA

• FAFSA on the Web Worksheet:

– Used as “pre-application” worksheet

– Questions follow order of FAFSA on the Web

IRS Data Retrieval Tool

• You Tube: IRS Data Retrieval Tool

• Applicant may submit real-time request to IRS for

tax data using FAFSA on the Web (FOTW)

• IRS will authenticate taxpayer’s identity

• IRS sends real-time results to applicant in new

window

• Applicant chooses whether or not to transfer data

to FOTW

• Data Retrieval Tool will be available February XXX

CSS/Financial Aid PROFILE

CSS/Financial Aid PROFILE

Notre Dame uses Question 524 which asks who saved the assets

reported in the student’s name.

Notre Dame School Codes

FAFSA 001840

PROFILE 1841

IDOC Service

Institutional Documentation Service

(IDOC) Process

• First email notices sent to student and parent if

email address provided on PROFILE

• Access IDOC portal at

https://idoc.collegeboard.org

• IDOC Portal available February 2, 2016

• Strongly encourage you to submit all documents

at one time

• Option for electronic upload

• Option for paper mail

Questions? Office of Financial Aid

(574) 631-6436

[email protected]