Posts Tagged ‘Financial Aid’

I finally pulled the trigger and formally accepted the GSB admissions offer.

I had been waiting until I knew what my financial aid looked like (I got a preliminary look at that today) and I decided it would be good to be done.

The financial aid award was calculated based on a single student budget (it assumed that my spouse would also receive aid from her school) and included some fellowships.

I still have to validate selective service, final tax returns etc, but I feel relieved knowing at least that the damage is quantified.

Look forward to bringing some detailed reports from the admit weekend starting tomorrow evening.

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If you are a prospective student and looking to apply for financial aid my advice is to apply as early as you can. Don’t wait to hear back from a school before you apply. The FAFSA (and CSS profile) can sometimes take some time to process and if there are unexpected hurdles (like the selective service issue that I ran into), applying early will allow you time to resolve these rather than putting your entire financial aid application on hold and running the risk of being pushed to the back of the line for financial aid at your school. The best time is as soon as you have enough information to complete your tax return, I think.

I wish I applied earlier, I wouldn’t be waiting 4-6 weeks for a Selective Service response if I had.

The GSB financial aid staff has been really helpful and nice, They’ve been helping me get over a couple of hurdles I ran into over the last couple of days. Fingers crossed!

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As expected the selective service stuff has become a bit of headache. Hmm

I didn’t become a resident until after my 26th birthday so I am exempt, however, I’m sure I’ll have to do a lot of work to prove it.

Note from the FinAid office:

The Selective Service reported that you have not registered with them. If you have not yet registered, please complete a Selective Service registration form at your local post office, or register online at www.sss.gov. If you believe you have already registered or are exempt, please contact the Selective Service at 847-688-6888.

The law provides that a person demonstrating by a preponderance of evidence that his failure to register was not knowing and willful, may receive federal student aid.  A non-registrant student seeking federal student aid must contact to the Selective Service to obtain a Status Information Letter addressing his failure to register.  The Selective Service provides a Request for Status Information Letter form on their website (www.sss.gov <http://www.sss.gov>).  The form requests that the student should provide a complete reason with any supporting documentation why his failure was not knowing and willful (e.g., where he was living during this period when he should have registered or his citizenship status during this period of time, if applicable).  A Status Information Letter by the Selective Service is sent within 4 to 6 weeks.

The GSB would request that you send a copy of the Status Information Letter from the Selective Service to the Financial Aid Office.  In addition, we request that you send an explanation and any supporting documentation that your failure was not knowing and willful.  Once this information is reviewed, the Financial Aid Office will notify you if you may receive federal student aid. Otherwise, please contact the Selective Service office to register for the draft or to obtain a letter of exemption. We will need this completed before federal aid can be disbursed.

Four to six weeks!

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The recommended deadline for financial aid apps for round 2 admits was Friday. I thought I got everything in until I took a second look at my FAFSA, SAR (Student Aid Report).

First there’s a “*C” next to my expected contribution.. hmmm. It turns out the star means I’ve been tagged for verification, which is OK since I think the GSB verifies everyone anyway. But the “C” means theirs an eligibility issue. Reading through the SAR, I noticed a note that said that I have not registered for Selective Service.

Of course I haven’t, I wasn’t a US resident until I was past 26! I sense a lot of annoying paperwork, hopefully this will be easier to clear up that I think. I think I may have been responsible for this because in my form I saw the Selective Service field and selected “Register Me” not knowing that you can’t register after you pass 26.. Hmm.

The FAFSA also added a highlight flag where I said the household will have two members going to college, me and my wife who will continue to be in Miami (attending UM).

Well, hopefully things will work out, I need to call the Financial Aid office on Monday I think.

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