Financial Aid: Applying for Financial Aid
2018–19 FAFSA Available October 1
To apply for federal and state aid, as well as SAIC's need-based aid, students must complete the Free Application for Federal Student Aid (FAFSA) at fafsa.gov. Students and parents should work together to complete the FAFSA. Use the following tools and information:
- SAIC's 2018–19 Financial Aid Instructions [PDF]
- Office of Federal Student Aid
- Overview and Information—Federal Student Aid Website—FAFSA Assistance
- FAFSA Live Chat Assistance—Available at fafsa.gov.
- Completing the FAFSA —Annual document that provides easy-to-understand explanations of each question on the FAFSA.
- FAFSA On The Web (FOTW) Worksheet—Complete before inputting the information online.
SAIC will receive an electronic copy of your FAFSA for processing (remember to list SAIC's school code 001753) once you have submitted. You will receive an email confirmation that your FAFSA has been processed within 5 days. You must review and submit any corrections at fafsa.gov within five days to ensure accurate financial aid estimates.
All degree-seeking students will be sent an official Award Letter packet outlining financial aid options and the next steps required in the process. Typically, the award is based on full-time enrollment/standard enrollment for the program; any deviation from that condition will, most likely, result in a change in the financial aid award and requires notification from the student to Student Financial Services. Most aid sources require the student to be enrolled at least half-time. See the Adjusting Your Aid for Enrollment page for additional details.
Expected Family Contribution
The FAFSA collects information about the student (and parents for dependent students) regarding income, the number of family members, number of family members in college, and plans for college and determines a level of financial need for the student. SAIC uses the resulting Expected Family Contribution (EFC) as part of a formula to determine the amount of financial assistance to be provided to the student for their education. Although implied by the name, the EFC is not what is expected for the family to pay; it is an index used to determine aid eligibility.
Your FSA ID - Your and Your Parent's (if applicable) Digitial Signature
You (and your parents if applicable) will need an FSA ID to sign your FAFSA. It is your digital signature used for signing the FAFSA each year, as well as loan applications, online counseling sessions and other financial aid documents. You can also use it to access your financial history and information at the National Student Loan Data System (NSLDS), StudentLoans.gov, and StudentAid.ed.gov.
2018–19 SAIC Suggested Priority Deadline
Some types of financial assistance are limited in funding, so the earlier you apply, the better. SAIC begins issuing financial aid awards for eligible students in January each year.
- December 1, 2017, for Undergraduate Illinois Residents (due to State Aid deadlines)
- January 1, 2018, for all other students.
IRS Data Retrieval Tool
Use the IRS Data Retrieval Tool (DRT) in the FAFSA application to transfer 2016 federal tax income data over from the IRS database to your FAFSA. Be sure to use the EXACT address (including abbreviations) as it appears on your federal tax return in order for the transfer to work successfully.
Watch this quick video about using the IRS Data Retrieval Tool:
Students and families may want to complete the FAFSA On The Web (FOTW) worksheet before inputting the information online. Once the FAFSA is submitted online, as long as the school code was included, SAIC will receive an electronic copy from the federal government. After completing the FAFSA and receiving confirmation it has been processed from the federal government, students and families must review and submit corrections at fafsa.gov within five days to ensure accurate financial aid estimates.
After successful completion of the FAFSA, all degree-seeking students will be sent an official Award Letter packet outlining financial aid options and the next steps required in the process. Typically, the award is based on full-time enrollment/standard enrollment for the program; any deviation from that condition will, most likely, result in a change in the financial aid award. Most aid sources require the student to be enrolled at least half-time. See the Adjusting Your Aid for Enrollment page for additional details.