Actions needed to use Federal Student Aid

1. submit a FAFSA with School Code 032993

Use the Free Application for Federal Student Aid (FAFSA) website: https://fafsa.gov
The FAFSA must be reviewed each year to determine your eligibility to use federal aid including grants and loans. Pacific College will not be able to access your FAFSA unless you provide Pacific College’s FAFSA Code: 032993 when prompted.

If you did not file a federal tax return and do not plan to file, you may need to provide a “Verification of Non-filing Letter” from the IRS.

2. Entrance Counseling (ec) TO BORROW FEDERAL LOANS

If you intend to borrow federal loans, complete Student Loan Entrance Counseling (EC).
Entrance Counseling ensures you understand the terms and conditions of your loan and your rights and responsibilities. You'll learn what a loan is, how interest works, your options for repayment, and how to avoid delinquency and default. You must complete entrance counseling in one sitting.

3. Master Promissory Note (MPN) to borrow federal loans

If you intend to borrow federal loans, complete Master Promissory Note (MPN) .
Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your federal loan(s).

4. FAFSA CORRECTION AND/OR Supporting evidence for verification

Verification is the process used to confirm that the data reported on your FAFSA form is accurate. If you’re selected for verification, we will request additional documentation that supports the information you reported.

5. PROGRAM FINANCING PLAN (pfp)

A Program Financing Plan (PFP) issued by the Financial Aid Office will describe financial aid types offered to you. Review the PFP carefully and request help understanding the document.
Link to StudentAid.gov about Accepting Financial Aid.

6. review aid offers using financial aid portal

After the academic program begins, students will be invited to create an account on the Financial Aid Portal (also known as Regent) and make formal decisions about offered aid presented on the Program Financing Plan (PFP).

In the Financial Aid Portal, federal loan choices are:

  1. Accept the Full Gross Amount Available = Borrow maximum offered federal loans, which may cause an FSA Credit Balance paid to Student for indirect costs of living.

  2. Decline the Full Gross Amount Available = Do not borrow federal loans and pay balance directly to Pacific College.

  3. Accept the Gross Amount Available up to the Amount of my remaining Direct Costs = Borrow loans to finance only tuition and fees charged by Pacific College.

  4. Accept a Specific Gross Amount = Specify the amount of federal loans to borrow.

NOTE:  It is important to know that the FAFSA renewal process is necessary when prompted by the U.S. Department of Education and the School. It is your responsibility to complete the process to ensure your future financial aid funding is not interrupted. Interruptions of financial aid is not the responsibility of Pacific College, it is yours. You will be advised by the Business Office of your balance at the conclusion of your term. A financial aid staff member will be available at each orientation of a module. If you have any questions related to your financial aid, please do not hesitate to contact the financial aid office by email or telephone.