• Financial Aid Process


    1. The 2012-2013 Free Application for Federal Student Aid (FAFSA) may be completed online at www.fafsa.gov as early as January 1. However, we recommend preparing your 2011 federal tax return prior to completing the FAFSA in order to take advantage of the IRS data retrieval process. The IRS data retrieval process transfers income information directly from the IRS to the FAFSA, further streamlining your application and, possibly, reducing or eliminating the amount of documentation required.
    FAFSA completed and filed __________

    2. Monmouth University will prepare an individualized financial aid package for you. Your financial aid package will be communicated to you via a financial aid award letter. To assist you in your review of the award letter, an informational sheet called, "Next Steps to Complete the Financial Aid Process" will be enclosed. Review the award letter, accept or decline the aid offered, sign the award letter, and return it to the Financial Aid Office.
    Award letter returned __________

    3. Your application may be selected for review by either the federal or state government. In the event that the federal government has selected your application for verification, Monmouth University will request additional documentation, which should be returned promptly to the University. The state government will contact you with a separate request for documentation, which should be returned to the state. Should you receive requests for additional documentation, it is essential that you respond because your financial aid cannot be finalized until you have done so.
    Additional documentation submitted __________

    4. If federal Direct Stafford Loans have been included in your financial aid package, you will need to complete an electronic master promissory note (MPN) and entrance counseling. Instructions for completion of these tasks will be mailed and e-mailed to students beginning in early June. Additionally, you can access the entrance counseling from the University’s Web site. It is imperative that you complete both the MPN and the counseling session, as loan funds cannot be credited to your account until you have done so.
    Direct Stafford Loan electronic promissory completed __________
    Entrance counseling completed __________

    5. If a Federal Perkins Loan has been included in your package, the Financial Aid Office will mail and e-mail you instructions on how to complete the electronic Master Promissory Note (MPN) and entrance counseling in July.
    Perkins Loan promissory note signed electronically __________
    Entrance Counseling completed__________

    6. Students who have been awarded Federal Work Study funding will be invited to attend a job fair, at which time they will have the opportunity to explore positions in which they might be interested. The Student Employment Office will provide additional information, under separate cover, regarding the job fair which is usually held during the first week of the fall semester. Work study eligibility on your award letter does not guarantee employment.
    Attended Job Fair __________

    7. Should you elect to finance your education through Alternative Financing, you will need to complete a loan application. Review the options for alternative financing HERE.
    Alternative loan application completed __________