Federal Financial Aid
Applying for Federal Aid
Applying for federal financial aid begins with filing the Free Application for Federal Student Aid (FAFSA).
You will need to add a School Code when completing your FAFSA. This is assigned by the federal government as a unique identifier for each school. The Evangel University FAFSA code is 002463.
The FAFSA uses a formula to determine how much aid you can receive based on your annual expected family contribution (EFC). After your EFC has been determined, a financial aid Award Letter will be generated and mailed to you. This award letter will list the types and amounts of financial assistance that you have qualified for.
When it comes to the FAFSA, most federal, state and institutional aid is provided on a first come, first served basis. Students are advised to submit a FAFSA as early as possible for consideration for maximum financial assistance.
Utilization of the IRS Data Retrieval Tool (DRT) to link your income information to your FAFSA is strongly recommended. The IRS DRT is available through the FAFSA website and saves time and effort in the following ways:
- No need to locate your tax return records
- No need to worry about making mistakes entering your tax return information on your FAFSA
- If you use the IRS DRT and do not change any of the retrieved information in your FAFSA, you won’t need to provide tax transcripts to the financial aid office if you’re selected for federal verification
If you need help using the IRS DRT, here are step-by-step instructions to walk you through the process.
EARLY FAFSA FILING – You can file as early as October 1, 2019, rather than January 1, 2020. The earlier submission date will be a permanent change enabling you to complete and submit a FAFSA as early as October 1 every year. Students and parents, as appropriate, will be required to report income and tax information from an earlier tax year.
FAFSA Filing Instructions
- Visit the FAFSA website and click on “Start A New FAFSA.” You’ll need a FSA ID, a username and password combination that allows you to sign your FAFSA electronically. You can get your FSA ID as you fill out the FAFSA, but you also have the option to get it ahead of time at Create a New FSA ID.
- Once you have your FSA ID, complete the FAFSA (tutorial) and submit it for processing. Use school code 002463 to have your FAFSA sent to Evangel University.
- If you forget your FSA ID or Password here are instructions to reset them.
- In both the student and parent income section, choose the option to use the IRS Data Retrieval Tool (DRT).
- Follow these helpful IRS DRT steps that clearly explains step-by-step IRS Data Retrieval Video Tutorial that clearly explains step-by-step.
- Student and parent sign using your FSA ID and submit the FAFSA.
- You will receive notification that your FAFSA has been received and you will receive your Student Aid Report (SAR). Please review this for accuracy. If necessary, make corrections on your FAFSA and submit the changes. If you need assistance with this, please contact the US Department of Education at 1-800-FED-AID (1-800-433-3243).
You may be selected for verification by the Department of Education. Verification is a process to confirm information you provided on the FAFSA. The Office of Financial Aid will provide you with a list of required documents of proof for both the parents and student. Submit the requested documents promptly to avoid delays in receipt of your financial aid.
- IRS Tax Transcript: If your FAFSA is selected for verification, we can no longer accept signed copies of federal tax returns. You must use the IRS Data Retrieval Tool (Data Retrieval Tool instructions) to populate the financial information on your FAFSA or request an IRS Tax Transcript and submit it to our office with your other verification documents.
For a full list of verification forms click here.
Your Financial Aid Award Letter
An award letter is an offer of financial aid that the student has been awarded for the upcoming academic year. It lists the scholarships, awards, grants and federal loans that the student has been awarded. Award letters are issued by financial aid professionals to organize how students are covering the costs of attending college. Award letters use actual costs based on a full-time class load, and include standard room and board, and university fees. Miscellaneous costs like books and supplies vary, so they are not listed on the award letter. Award letters are mailed out once the FAFSA has been received and processed by the Office of Financial Aid. The information is also available to view on the student’s “My Financial Aid” page. To access this page, select “My Financial Aid” from the menu at the left of the screen. If the financial aid that was listed on the award letter is not enough to bridge the gap between their personal contribution and the cost of attendance, the student can contact their financial aid counselor for information about other financial aid options.