Financial Aid

1. IMPORTANT: The FAFSA must be RECEIVED by March 10 to be considered for state aid.
2. You will need to know some information to fill out the FAFSA. Use this list to gather the appropriate documents before you begin.

1. Complete online at www.fafsa.gov
2. Complete the FAFSA over the phone at (800) 4-FED-AID
3. Once you've completed the FAFSA, a Student Aid Report (SAR) will be generated by the U.S. Department of Education. If you have listed our school code, we will receive an electronic copy.
4. If you are selected for Verification, you will be required to complete a Verification Worksheet and other financial forms before aid can be processed or disbursed. Make sure you turn in all required forms, if you don't it will cause processing delays.

1. All new and returning borrowers in Summer 2010 and Fall 2010 MUST complete a Master Promissory Note (MPN) for the Direct Student Loan Program. Starting with Summer 2010, Ivy Tech will participate exclusively in the Federal Direct Student Loan Program. Even if you have previously borrowed a federal student loan using a private lender or bank, you will need to complete a new MPN for the Direct Loan Program.
2. Complete your MPN electronically at the Department of Education's website www.studentloans.gov. You will be required to use your Department of Education-issued PIN. If you do not have a PIN or have forgotten your PIN please visit www.pin.ed.gov.

1. To ensure that you understand the responsibility and the obligation you assume when accepting a Federal Direct Student Loan, the Department of Education requires you to participate in loan counseling prior to receiving your first disbursement. Entrance counseling is required of all first time borrowers and borrowers new to Ivy Tech. If you have already completed entrance counseling at Ivy Tech, you will not be required to retake counseling.
2. Complete entrance counseling online by selecting your campus link.
3. NOTE: Failure to complete loan counseling will prevent timely disbursements and refunds.

1. Apply online at the Department of Education's website www.studentloans.gov. If you are borrowing Direct PLUS Loans for more than one student, you'll need to complete a separate MPN for each one. To complete an MPN online, you will be required to use your Department of Education-issued PIN (not your child's). If you do not have a PIN or have forgotten your PIN please visit www.pin.ed.gov.

1. If you need additional funds and have exhausted all other options, you may want to consider Alternative Loans. Visit your local Financial Aid office for more information and a list of lenders.

1. Check the status of your FAFSA application.
2. Check your Financial Aid status at Ivy Tech through Campus Connect.

To qualify for state aid, your FAFSA must be RECEIVED by March 10.

• Remember to complete an Application for each loan program, and if you are chosen for Verification respond promptly with requested documentation. Please remember to resubmit a FAFSA for each school year.
• Federal regulations require all student loan borrowers to participate in Exit Loan Counseling whenever you drop below half-time enrollment status, withdraw, or graduate.