To determine eligibility to receive financial aid, students must complete the Free Application for Federal Student Aid (FAFSA). Information provided on the FAFSA determines aid eligibility. Students must complete the FAFSA annually. Remember to list Gadsden State's School Code on your FAFSA (001017). Students may file the FAFSA beginning October 1st.
To ensure financial aid processing before classes start, the FAFSA should be completed at least 15 business days before the first day of the term. All verification documents should be received in the Financial Aid Office at least ten business days before the first day of the semester.
The verification process must be completed within 120 days of the student's last date of enrollment or by September 22nd, 2018
(whichever is sooner) to retain Federal Pell Grant. (for the 2017-2018 school year ending June 30, 2018)
The verification process must be completed within 120 days of the student's last date of enrollment or by September 9th, 2019
(whichever is sooner) to retain Federal Pell Grant. (for the 2018-2019 school year ending June 30, 2019)
Usually, within one week of filing a FAFSA online, a Student Aid Report (SAR) will be sent to the e-mail address provided on the FAFSA (approximately four weeks if paper FAFSA filed). Once your SAR is received, review the entire report for accuracy. If corrections are needed, log into your FAFSA and resubmit the corrected information. First-time applicants begin checking your Banner account for a Financial Aid tab three to five days after filing or submitting corrections to your FAFSA. The Financial Aid tab will give you access to view your satisfied and unsatisfied financial aid requirements. CLICK HERE for "How To" instructions.
The Gadsden State Financial Aid Office encourages students to start the application process for financial aid early. Keep in mind, students who begin the financial aid process late may have to assume responsibility for the payment of tuition, fees, and other educational expenses until aid is finalized.
ATTENTION FEDERAL FINANCIAL AID STUDENTS
The FAFSA uses income information from two years before the academic year for which the aid is intended (Prior-Prior Year), not the previous year. If available, it is best to utilize the IRS Data Retrieval Tool (IRS DRT) when completing the FAFSA. Using the IRS DRT makes the application and verification processes easier. If you do not use the IRS DRT when filing your FAFSA online or are not granted access to the DRT, then a copy of your "tax return transcript" will be needed if selected for verification by the Federal processing center for that tax year's FAFSA. In the past, Gadsden State was able to accept copies of completed tax return forms (i.e., 1040, 1040A, etc.); however, new regulations now require submission of a copy of your tax return transcript. Once you have filed your tax return, a tax return transcript can be requested, free of charge, at the IRS Web site's Get Transcript or by calling 1-800-908-9946. Click here for step-by-step instructions on how to request a tax transcript.
Receiving Your Aid
Each eligible student will receive an award notification after file completion. Please review all information carefully and follow directions as noted. Financial aid awards exceeding tuition, fees, and other allowable charges will disburse via postal mail to the address on file in the Registrar’s Office. Credit-balance checks will be mailed approximately two weeks after the registration period ends.
Your Federal Pell Grant award will be based on full-time enrollment and will prorate for enrollment less than full-time and enrollment in classes outside your declared major. For applicable certificate programs, your Federal Pell Grant disburses based on both credit and contact hours.
Your financial aid award may be reduced if you do not begin attending classes, withdraw from classes, or enroll in courses not required for your declared major. You may be obligated to repay the difference between the funds awarded and the amount recalculated. If you completely withdraw before the 60% point of the semester, you may owe a repayment to the U.S. Department of Education. Also, reducing your enrollment status may affect the required standards of Satisfactory Academic Progress (SAP) and cause you to lose your eligibility to receive additional financial aid. It is recommended you check with Financial Aid before dropping any classes or changing your schedule to determine how those changes may affect your financial aid. Refer to the Gadsden State Catalog and Student Handbook or visit the Financial Aid Office for more information.
The Financial Aid Office will update your FAFSA as needed to package your financial aid award. The Financial Aid Office reserves the right to amend or cancel your award due to changes in your academic status, remaining need, or funding you received by Gadsden State Community College or another institution of higher learning.
Mid-Year Transfer Students and Financial Aid
If you received a Pell Grant from another institution immediately before transferring to Gadsden State, you must
- Contact the Admissions Office at (256) 549-8210 regarding transfer student admission.
- Contact the Federal Processing Center at 1-800-433-3243 to add Gadsden State's federal school code to your SAR. Gadsden State's federal school code is 001017.
- Contact the Gadsden State Financial Aid Office to request your name be added to the Gadsden State Transfer Monitoring List.