Applying for Aid
Finding financial aid can seem overwhelming when you’re preparing for college, so Cottey’s financial aid department and our admission representatives will do our best to walk you through every step of the financial aid process, to help alleviate some of the stress. The most important things you can do is to pay special attention to deadlines and always ask questions if you are confused or don’t know what to do next. Whether you’re family has been through the financial aid process one or ten times, we are happy to help you in any way that we can. So, when you’re ready, let’s hit the ground running together!
+ Step 1: Apply for a PIN
The PIN Application is for students and parents who want to apply for a Federal Student Aid PIN. Your PIN can be used each year to electronically apply for federal student aid and to access your Federal Student Aid records online.
Apply for a PIN at www.pin.ed.gov
+ Step 2: Complete the Free Application for Federal Student Aid (FAFSA)
The information on your FAFSA allows the financial aid office to determine your financial need and your eligibility for financial aid at Cottey. Whether or not you think you’ll qualify for federal aid, we encourage you to complete the FAFSA because it will give us the information we need to determine what kind of institutional aid we can offer to you.
You can complete the FAFSA online at www.fafsa.gov
. Be sure to remember to list Cottey’s school code (002458), so we get the results right away.
+ OPTIONAL Step 3: Verification
Some FAFSA applications will be selected by the Department of Education for verification. Students will be notified that their application has been selected for verification on their Student Aid Report (SAR) from the Department of Education. Financial aid awards cannot be finalized until the financial aid office has completed verification.
To learn more about verification and to find the appropriate paperwork, please view the verification page.
+ Step 4: Complete Scholarship Applications
Cottey has numerous scholarship opportunities for incoming freshmen, transfer students and returning Cottey students. All scholarships have their own application procedures, requirements, and deadlines. For a complete listing of Cottey scholarships, please visit the scholarship page.
+ Step 5: Accept Your Financial Aid Package
You will receive your personalized financial aid award letter by email when it is available, usually in in April. Your admission representative will contact you to discuss the award letter with you and answer any questions you or your family may have. Once you have reviewed your package, you must reply to the financial aid office and let them know whether you want to accept all, some, or none of the package. No funds will be applied to your account without written record of your consent to accept the aid. Failure to accept the offer of aid in a timely manner could result in forfeiture of such listed aid.
+ Step 6: Sign the Direct Loan Master Promissory Note
The Master Promissory Note (MPN) is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the U.S. Department of Education. It also explains the terms and conditions of your loan(s); for instance, it will include information on how interest is calculated and what deferment and cancellation provisions are available to you.
You will need your Federal Student Aid PIN to login to your account and to sign the Direct Loan Master Promissory Note at www.studentloans.gov
+ Step 7: Complete Direct Loan Entrance Counseling
Entrance counseling is required before you can receive your first Direct Subsidized Loan or Direct Unsubsidized Loan as an undergraduate.
You will need your Federal Student Aid PIN to login to your account at www.studentloans.gov