Need-based financial aid is awarded on the basis of the financial need of the student. The Free Application for Federal Student Aid (FAFSA) application is used for applying for aid and determining federal, state, and institutional need-based aid eligibility. The FAFSA is filed annually after October 1 of each year for the next academic year.
Austin College FAFSA school code: 003543
Need-based aid may be in form of grants, work, or student loans. Examples of need-based aid are Federal Pell Grant, Federal SEOG, Tuition Equalization Grant (TEG), Institutional Grant, Federal Work-Study, Federal Perkins Loan, and Federal Direct Subsidized Stafford Loan.
The deadline for new students to file their FAFSA is April 1 for priority consideration.
The deadline for current students to file their FAFSA is May 1.
For dependent students, both student and one parent will each need to obtain an FSA ID to e-sign the FAFSA.
For independent students, only the student will need to obtain an FSA ID to e-sign the FAFSA.
Visit Federal Student Aid to get your FSA ID established. Keep this FSA ID in a safe place. You will use it each year you file the FAFSA and should you take out a Federal Direct Loan, you will need this same FSA ID to e-sign your Master Promissory Note.
The Office of Financial Aid will begin sending Financial Aid Award Notifications to students who are admitted to the College and for whom FAFSA data has been received by mid-February. The Financial Aid Award Notification shows the student’s eligibility for financial aid from all sources: federal, state, and institutional. This financial aid may be in the form of scholarships, grants, work-study, need-based loans, and non-need-based loans.