Important FAFSA Information

Student Aid Report (SAR)

After you send your FAFSA application to the federal processor (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. The third thing the SAR report shows you is the colleges that will receive your financial information. Important: Be sure that the Chestnut Hill College code, number 003245, is listed on the SAR.

Verification

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 reviews the information you submitted on your FAFSA. If you are selected, you must supply documentation to confirm the data reported on your FAFSA form. You must submit the verification worksheet and copies of your federal income tax forms. The Financial Aid Office will notify you what documentation is required to satisfy the verification requirement. No federal financial aid may be credited to your account until this process is completed.

 

“C” Flags

When you submit your FAFSA, the U.S. Department of Education (USDE) 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” flags issues must be resolved before the Financial Aid Office can disburse any financial aid. You will be notified by the Financial Aid Office of the documentation or actions required to remove the “C” flags.

 

Selective Service

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.

 

Federal Graduate PLUS Loan Entrance Counseling

Federal regulations require that every student who borrows a Federal Graduate PLUS Loan complete an entrance counseling session before the first Graduate PLUS Loan is disbursed. To apply online, go to www.aessuccess.org and follow the directions. If you would like to request a paper version of the Entrance Counseling, please contact the Financial Aid Office. You must also complete an exit counseling requirement before you graduate or withdraw from Chestnut Hill College.Your entrance counseling session and exit counseling session will provide you with important information regarding your rights and responsibilities associated with borrowing through the Federal Graduate PLUS Loan Program.