IMPORTANT FINANCIAL AID INFORMATION FOR 2014-2015
GCU PRIORITY FILING DEADLINE DATE IS APRIL 15TH
HESAA FILING DEADLINE DATE FOR NJ TUITION AID GRANT FOR PRIOR TAG RECIPIENTS IS JUNE 1ST
Follow These Steps to Initiate the Financial Aid Process for the 2014-2015 Academic Year
- Complete and file your 2013 federal tax returns for both the student and or the parent.
For optimal filing, submit your taxes electronically. After approximately 14 days, the data will be stored within the IRS data base and you will be able to transfer the information to your FAFSA using the IRS DATA RETRIEVAL TOOL.
- File your FAFSA at www.fafsa.ed.gov
- Sign your FAFSA with your PIN and your parent’s PIN if you are a dependent student
- If you forgot your PIN or do not have one you will be able to retrieve it or apply for a PIN
- Avoid mistakes and delays by carefully reviewing the information on your FAFSA before you submit the FAFSA.
IRS DATA RETRIEVAL TOOL
- All applicants and parents who indicated they have filed a federal tax return will be directed to use the IRS Data Retrieval Tool
- Applicants and parents who indicate they will file a federal tax return will receive email communications directing them to use the IRS Data Retrieval Tool to update their income information once they have filed their 2013 federal income tax return.
- Electronic Tax Filers will be able to use the IRS Data Retrieval Tool within 14 days of filing their taxes
- Paper Tax Filers will be able to use the IRS Data Retrieval Tool within 6-8 weeks of filing
WHO IS NOT “ELIGIBLE” TO USE THE TOOL
- Married couples who file separate tax return
- Applicants whose marital status has changed as of January 1, 2014
- Applicants who are neither eligible nor required to file a 2013 Federal Tax Return
- If anyone filed an amended tax return
APPLICANTS WHO ELECT NOT TO USE THE DATA RETRIEVAL TOOL OR CHANGE THE INCOME INFORMATION
- If you use the IRS Data Retrieval Tool and change the information you will be informed that you must explain to GCU why information you changed is more accurate than the information available through the IRS. You may be selected for verification and required to submit additional information.
REPORT INFORMATION REQUIRED FOR HESAA ON YOUR FAFSA (NJ Tuition Aid Grant-TAG)
- When you get to the confirmation page of the FAFSA, pay attention to the section asking you if you would like to report information to your State Agency. You will be directed to complete additional information for HESAA. The information you provide will be sent to HESAA and you will NOT have to separately complete the questions on the HESAA website.
NEW CHANGES FOR COMPLETING VERIFICATION PROCESS
- If your FAFSA is selected for verification you and/ or your parents must request an IRS TAX TRANSCRIPT from the IRS to submit to the Financial Aid Office to verify your information. The transcript is free and if you order by telephone or by mail you can have the transcript mailed directly to GCU. If you order by phone you can only have the transcript delivered to your address
HOW TO REQUEST AN IRS TAX TRANSCRIPT
Click here to obtain your Tax Transcript
Upon receiving an Award letter from the Office of Financial Aid review it carefully and notify us at firstname.lastname@example.org if you would like to decrease, increase or decline any of your loans. If your file has been selected for verification by the Federal Government students, parents, and stepparents must submit signed copies of federal income tax forms (including all schedules, partnership tax returns and schedules, and S-corporation tax returns.
After reviewing application materials, the Office of Financial Aid may determine that additional information is needed and will request any additional documentation needed to process your aid application. If you receive a request for additional information, respond promptly to avoid delaying your application.
If you need to submit any documents directly to GCU, please send them to the following address:
Georgian Court University
Office of Financial Aid
900 Lakewood Ave. Lakewood, New Jersey 08701
Once you have reviewed your Award letter you will want to sign your Direct Lending Master Promissory Note and complete your Online Entrance Counseling by following this link.
Priority Filing Dates and Deadlines:
||FAFSA Priority Filing Date/ Deadline Date
||Tax Returns and/or Required Paperwork
||April 15, 2014/August 1, 2014
||August 20, 2014
The Office of Financial Aid’s published deadline for new and prospective students to have submitted the 2014-2015 FAFSA is August 1, 2014. The published deadline for students’ and parents’ signed 2013 Federal Income Tax Returns and schedules to be received by the University is August 20, 2014. Financial aid applications will not be complete until this information has been received by GCU.
Scholarships and Grant funds will be limited after the deadlines. As a result, students who complete their financial aid application after these published deadlines may find that their financial aid award is weighted more heavily toward need-based loans than need-based scholarships.
Georgian Court University reserves the right to review, adjust, or cancel awards at any time because of changes in your financial, academic status, academic program, athletic program, resident status , enrollment status (fulltime to part time) , or students code of conduct violations. Awards are contingent upon actual receipt and verification of funds by GCU. If adjustments are made to the university’s federal and /or state allocations, the university reserves the right to adjust individual institutional aid awards at the beginning of each semester, as necessary. All students’ financial aid awards, to include the universities institutional aid, are contingent on the availability of funds. The Georgian Court University Financial Aid Office reserves the right to review and cancel awards at any time during the academic year if you fail to meet the requirements of the Satisfactory Academic Progress Policy or because of changes in your financial or academic status, academic program, resident status, enrollment status, etc. All student financial aid awards are contingent on the availability of funds.
- Payment Plans
GCU currently accepts payments through Tuition Management Systems (TMS). TMS is a payment plan that provides families with the option to budget tuition and other educational expenses over a 10-month period interest free. The fee for this program is a nonrefundable fee of $47 per term. For more information go to afford.com or call 888.713.7234
The College Board web site http://apps.collegeboard.com/fincalc/efc_welcome.jsp can help you estimate how much your expected family contribution will be but families should be aware that financial aid estimates are only as good as the data on which they are based.