Application Process
The deadline to file the Free Application for Federal Student
Aid (FAFSA) for 2005-06 is April 15, 2005. The FAFSA is used
to determine your eligibility for need-based financial aid and
all federal, state, and institutional student aid programs.
The 2005-06 FAFSA will determine your aid eligibility for Summer
2005 (after 7/1/05), Fall 2005, Winter 2006, Spring 2006, and
Summer 2006 (until 6/30/06).
The FAFSA can be filed electronically or in paper form. First
year students can receive FAFSA information from their high
school guidance office, the Husson Financial Aid Office, or
Admissions Office. To file electronically, use FAFSA
on the web. Remember to fill in Husson College's school
code (002043) in step six of the FAFSA.
If you are a returning student and you filed a FAFSA for 2004-05,
you may file a renewal FAFSA via the web or complete your paper
renewal application. To confirm the receipt of your data, you
can call 1-800-433-3243 after 3 days of filing on the web.
First time financial aid applicants are encouraged to go to
www.pin.ed.gov to request
a PIN number to enable him/her to sign your FAFSA electronically.
If the student is dependent, parents can also request a PIN
number to enable them to sign the application electronically
as well. If students (and their parents, if applicable) don't
sign electronically by PIN, they must print out the signature
page and mail it to the processing center. Many returning students
should have received a PIN number after filing during the previous
year. Students can request a new PIN number as well if necessary.
Requests for PIN numbers usually take about 7-10 days.
After our office receives a student's FAFSA information, we
will be able to offer him/her a financial aid package. First
year students will begin receiving financial aid packages in
March. Returning students will begin receiving their financial
aid packages in May.
If you feel you have extenuating circumstances that our office
was not aware of at the time we awarded your financial aid,
please refer to Appealing Your Award.
Expected Family Contribution
Your expected family contribution is a figure determined by
the federal processor when you file the FAFSA. The data that
you report on the FAFSA is put through a formula called Federal
Methodology, and the resulting EFC is the amount of money that
the formula assumes you and your family can contribute toward
your educational expenses for the 2005-06 year.
Federal Methodology takes into account things like your family's
income for the year 2004, your family's current assets (savings
and investments, but not home equity), the number of people
in your family's household, and the number of people in your
family's household that are going to be attending college in
the 2005-06 academic year (not including parents).
Financial Need
Your financial need is determined by the following basic formula:
Cost of Attendance
- (minus) Expected Family Contribution
- (minus) Outside Assistance
------------------------------------------------
= (equals) Financial Need
Once your financial need is determined, we will award as much
aid as possible to fill your need. Your exact award will depend
on a variety of factors, including availability of funds as
well as deadline requirements.