Receiving Your Financial Aid
Steps to Receiving Your Financial Aid
1. Complete your FAFSA.
- The first F in FAFSA stands for “Free.” You can fill it out online for free in under 30 minutes.
- Make sure you apply through FAFSA.gov, and not FAFSA.com. FAFSA.com is a proprietary website that is not affiliated with the Department of Education, and is not a free resource.
- If this is your first time filing your FAFSA, I recommend setting up your Federal Student Aid (FSA) ID at least 24 hours before you submit your application.
- List the UAA school code (011462) on the FAFSA, and we will automatically receive an electronic copy. UAA requires access to a current and valid FAFSA in order for us to process any of your financial aid.
- Use the IRS Data Retrieval Tool that's within the FAFSA application! This tool will automatically pull you or your parents' IRS Tax Return for you. It saves a LOT of time.
- If you are selected for FAFSA Verification, you are required to complete a Verification Worksheet and other financial forms before any financial aid can be processed or disbursed.
2. Apply for UA and PWSC scholarships.
- To apply for scholarships at UAA, you must submit the UAOnline Scholarship Application by February 15th before the start of the academic year for which you are applying.
- Apply for PWSC scholarships. Learn how to apply for PWSC scholarships. Deadline for the PWSC scholarship application is in mid-August and the beginning of January.
3. Review your financial aid award letter.
- After we receive an electronic copy of your Free Application for Financial Student Aid (FAFSA), we will mail you a UAA Financial Aid Award Letter within a few weeks. All new students will be sent a physical letter in mail. Returning students will be sent all further award letters through their preferred e-mail addresses only. Along with your Award Letter, you will find a copy of the Financial Aid Award Conditions. Please read through all these documents carefully, because they contain important information about your financial aid.
4. Accept or decline your awards.
- Log in to UAOnline to accept or decline any of the offered awards. Federal Work Study awards may be accepted or declined; federal student loans may be fully accepted, partially accepted, or declined. Note: this step must be completed or loan requests will not be processed
- If you qualify for the Pell Grant or other scholarships or grants, they will automatically be accepted for you as they are free money!
- If you have any difficulty accepting your awards, please refer to our detailed instructions on how to accept your awards.
5. Complete Entrance Counseling online.
- If you intend to borrow Federal Stafford Loans, and you are a first time borrower, you must complete Federal Direct Loan Entrance Counseling. Please be aware, if you do not complete your required Loan Entrance Counseling, this will delay your Stafford Loan disbursements.
5. Complete a Direct Loan Master Promissory Note
- The Master Promissory Note is an official, legal document in which you agree to certain terms, conditions, and repayment requirements of your loan. Once you have completed an MPN, this agreement will also be applied to any other direct loans you decide to take out in the next 10 years. However, a separate MPN is required for Direct Stafford Loans, Graduate PLUS Loans, and Parent PLUS Loans.
- Undergraduate and Graduate Direct Stafford subsidized and unsubsidized borrowers who are in the Direct Loan Program will sign one promissory note which can be used for all of that program’s loans over multiple academic years.
- Parent PLUS loan borrowers can only take out this loan on a dependent undergraduate student’s behalf. This loan is also contingent upon creditworthiness.
All Direct Loan Master Promissory notes can be accessed and e-signed. Each MPN takes approximately 30 minutes to complete.
Note: make sure you allow enough time to complete the entire process in a single session. If you exit the web site before submitting your signed MPN in Step 8 and return later, you’ll have to start over beginning with Step 1!
6. Monitor your financial aid status on UAOnline.
- Monitor your Financial Aid Award through your UAOnline account. This is the fastest way to know your financial aid status
- Monitor your Admissions Status. Your financial aid will not pay until you are fully admitted. Don’t assume that everything is okay. Check to make sure.
- Monitor your Account Information to see when your financial aid has been disbursed into your account, what you owe, make payments, etc.
- Check your UAA email account and UAA financial aid website frequently for important updates and announcements.