Important FAFSA Information
After you send your FAFSA application to the Federal Processor (U.S. Dept. of Education), you will receive a Student Aid Report in the mail (if you applied by paper application) or by the WEB (if you applied online). The SAR is a hard copy of the information you provided on the FAFSA. This report tells you your Expected Family Contribution (EFC). It also gives you the opportunity to correct any errors or update your data. If you estimated your financial information when you originally filed, you must now use the SAR to correct your data with accurate information. Use Part II of the SAR to do this, and return Part II to the Federal Processor. Don't forget if you are a depentent student to have your parent sign the form in addition to yourself. The third item on the SAR report that you should review is the list of colleges that will receive your financial information. Important: Be sure that the Chestnut Hill College code, number 003245, is listed on the SAR.
One third of all the FAFSAs submitted to the Department of Education will be randomly selected for verification. Verification is a process by which the Financial Aid Office is required to review the information you submitted on your FAFSA. If you are selected, you (if independent) and your parents (if dependent) must supply documentation to confirm the data reported on your FAFSA form. You must submit the verification worksheet and copies of your and your parents' federal income tax forms. The Financial Aid Office will notify you regarding the necessary documentation that is required to satisfy the verification requirement, but it is also available for you to download electronically here. No federal financial aid may be credited to your account until this process is completed.
When you submit your FAFSA, the U.S. Department of Education checks your information with other federal agencies. "C" Flags indicate inconsistent information or information that could not be verified by the USDE system. All "C" flags are identified on the Student Aid Report (SAR) with an explanation on Part I of the SAR. All "C" flag issues must be resolved before the Financial Aid Office can disburse any financial aid. Resolution can occur through the assistance of certain federal agencies. You will be notified by the Financial Aid Office of the documentation or actions required to remove the "C" flags.
Men aged 18 through 25 are required to register with the Selective Service System in order to receive federal funding. If you are between the ages of 18-25 and have not registered, please register at www.sss.gov as soon as possible. If you are over the age of 25 and have not registered for the Selective Service, please contact the Financial Aid Office immediately.
Financial Aid Consultants
Be careful when dealing with financial aid consultants. Many charge from $300 to $800 per year to complete the FAFSA application. This form can be completed by you and your parents. If you have any questions, you are more than welcome to contact our Director of Financial Aid, Nicholas Flocco, at 215.248.7182.