Applying for Financial Aid

HAVE QUESTIONS ABOUT FINANCIAL AID?

Learn about financial aid through these short videos.

Students who wish to apply for financial aid to assist in the cost of attending Point University are encouraged to follow the steps below.

Application Process

Step 1: Apply for a Federal Student Aid ID (FSA ID) for the student and his/her parent or legal guardian at https://fsaid.ed.gov  to electronically sign your Free Application for Federal Student Aid (FAFSA)

Step 2: Gather the following documents:

  • Social Security Number
  • Alien Registration Number
  • Federal Tax Return, W-2s, and other records of earnings
  • Bank statements and investment records (if applicable)
  • Records of untaxed income (if applicable)
  • If possible, use the IRS Data Retrieval Tool (IRS DRT) on your FAFSA

Step 3: Complete and submit the FAFSA at www.fafsa.ed.gov. Point University’s Federal School Code for the FAFSA is 001547.

Step 4: Georgia residents, complete the Georgia Scholarship/Grant Application at www.gafutures.org. Please be sure that you receive a confirmation of completion and that you save the Application ID that is given to you.

Verification

Some FAFSA applications are selected for verification by the Department of Education. Verification is the process of reviewing the accuracy of the income information reported on the FAFSA. Students selected for verification must provide documentation of specific data elements reported on the FAFSA to the financial aid office. The Financial Aid Office will send communications to students selected for verification with specific documents and forms necessary to complete the process. Additional information may be required after reviewing the submitted documents. Most required income information can be validated by using the IRS Data Retrieval Tool.

Student who are selected for verification but cannot use the IRS DRT will need to submit a copy of your tax return transcript from the IRS. You may request a tax return transcript by:

  • Get Transcript Online Tool at www.irs.govImmediate receipt.
  • Phone request from Internal Revenue Service at 1-800-908-9946. Takes 5 – 10 days.
  • IRS2Go Mobile App irs.govTakes 5 – 10 days.

Financial Aid Award

Please be advised that financial aid cannot be awarded until verification is completed.

Applicants for financial aid who are accepted for admission and have submitted all required documents necessary to establish financial aid eligibility will be packaged with available financial aid funds for which they qualify. The Financial Aid Office will send an e-mail notification with instructions for accessing the financial aid award in the student portal. Applicants will have 30 days to accept, reduce, or decline the award and submit any additional documents –for example, complete a Federal Direct Loan Master Promissory Note and Loan entrance counseling– to finalize their award.