To apply for student loans and most federal and state grants, you must complete a Free Application for Federal Student Aid (FAFSA).
Most grants and Federal Work-Study funds are only available to students who demonstrate financial need. The Federal Work-Study program helps students earn money for school expenses by working on campus part-time..
Student loans are available to students with or without financial need, but you must file a FAFSA. There is no credit check, but you must meet the General Eligibility Requirements. Students who show financial need may qualify for a Subsidized Stafford Loan, which is interest-free during school for students who meet the enrollment criteria. The Unsubsidized Stafford Loan does not require financial need, but it is not interest-free during school.
1. Review the General Eligibility Requirements.
2. Review the available Financial Aid Programs.
3. If you are a new student, apply for admission to AACC.
- Make sure your Social Security number is provided on the application. If it needs to be updated, please take a copy of your Social Security Card to the Records Office.
4. Submit a FAFSA. Our School Code is 002058.
- You must file your FAFSA before March 1 to be considered for most state aid programs.
- The FSA ID - user name and password - has replaced the Federal Student Aid PIN.
- If the FAFSA requests your parent's financial data and you do not have contact with your parents, please review the dependency status regulations.
- The FAFSA bases your financial need on income data. If your annual income has significantly decreased or you have other special financial issues or changes, please read about Special Circumstances.
5. Register for your courses.
- AACC FAFSA processing deadlines are August 15th for the Fall semester and January 15th for the Spring semester. If your FAFSA is received on or after the deadline, you MUST make the required down payment at the time of registration.
6. Apply for other sources of aid:
7. Review your Student Aid Report (SAR).
- After you submit your FAFSA, the federal processor will email your Student Aid Report (SAR) to the email provided on the FAFSA. Carefully review it and make sure that all information is correct. If there are errors, you can make corrections online. They will also send your SAR data to all the schools listed on your FAFSA. If your SAR does not list AACC, go online and add our school code (002058).
8. Respond to requests for additional documents.
- Once we receive your data from the Department of Education, our office will review your file. If there are any eligibility issues, we will request additional documentation through your AACC email. Check your email, read financial aid notices carefully, and respond promptly to all requests. Delays can cause lost aid!
9. Check your financial aid status and download required forms.
- Log in to your MyAACC Account. Under "Menu", select “Self Services", "Credit Students", then "Financial Aid."
- If you are a new MYAACC user, you will need to set up a user name or password using the Password Management Tool. Your application will not be complete until we have received and reviewed all your documents.
10. Wait for an Award Notification.
- Once your application is complete, we will email an Award Notification. You may also receive this notice in the mail.
- To view your awards online, please log in to your MyAACC Account. Under "Menu", select “Self Services", "Credit Students", then "Financial Aid."
11. Borrowing a Student Loan
- Your award letter will list your maximum loan amount, if you are eligible.
- To request a loan, complete the Federal Direct Loan Request Form which is available on your MyAACC Account. Under "Menu", select “Self Services", "Credit Students", "Financial Aid", and then select "Financial Aid Awards" for your selected year. At the bottom of the awards screen, there will be a link to access the form. Print, complete and sign the form, and submit it to our office for processing.
- If this is the first time you have borrowed a Federal Stafford Loan you must complete an Entrance Interview and a Master Promissory Note online at www.studentloans.gov after your loan is processed. You should receive an e-mail when it is time to complete these items.
- See Loan Repayment Chart for estimated monthly payments for various loan amounts.
12. Reapply for next year's financial aid.