Applying for Financial Aid

 

To Be Considered for Financial Aid You Must:

  • Be matriculated in a degree program (Exception: Usually,  Private Educational Loans (from banks) do not have a matriculation or minimum credit requirement.)
  • Be making satisfactory academic progress toward degree requirements
  • Be enrolled at least half-time (6 credits or more per semester) to be eligible for federal aid.
  • Be enrolled in both 8-week sessions per semester to be eligible for PHEAA State Grant.
  • Be a U.S. citizen or eligible non-citizen with a social security number.
  • 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. 

How to Apply for Financial Aid

  • You must complete the Free Application for Federal Student Aid (FAFSA). You may use a paper application or apply online.
  • If you decide to use a paper application you may obtain a FAFSA by calling 1-800-4-FED AID.
  • If you decide to file online, you must first apply for a Personal Identification Number (PIN), which will serve as your electronic signature. To apply for a PIN visit www.pin.ed.gov. (If you are a dependent student, one parent must also obtain a PIN.)
  • After you have your PIN, you can go to www.fafsa.ed.gov and complete the application online.
  • You must indicate the federal school code for Chestnut Hill College (003245) on the FAFSA. This will insure your FAFSA information will be sent to the Financial Aid Office at Chestnut Hill College.
  • In addition to the FAFSA, you must complete the 2012-13 School of Continuing and Professional Studies Institutional Application (.pdf), and return it to the Financial Aid Office.

What is the FAFSA ?

The FAFSA (Free Application for Federal Student Aid) is an application that asks for your financial information so that the Financial Aid Office can determine your financial need. Financial need is defined as the difference between college expenses and your EFC (expected family contribution). To determine your EFC the federal government uses a formula called Federal Methodology which takes into account your income, assets, debts, size of family, number of family members in college and other expenses.

What Happens After You Complete Your Financial Aid Application

The financial aid staff will review your application and award assistance in the form and amount most appropriate to meet your financial need.

 

The Financial Aid Office staff will send you a financial aid award letter that will detail your awards for the semesters you indicated you'd be enrolling in on your Institututional Application. If you are interested in applying for a federal Stafford loan, please follow the instructions that will be enclosed in your award letter to complete a Federal Direct Loan Master Promissory Note (MPN) and Entrance Counseling Interview electronically. These instructions are also available within the "Processing Your Federal Direct Loan" section of this website.