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2011-2012

Financial Aid

Our Goal

The mission of the Financial Aid Office is to provide a financial package to cover the difference between the student's budget and the amount revealed by his or her official need analysis. Current students and prospective students are urged to file an application for financial aid early and follow-up on any additional information needed to make an award. The College's Financial Aid Office, which is located on each Campus, is available to assist with the application process.

The Office of Financial Aid at Florida National College attempts to meet your financial need with a combination of all aid funds for which you are eligible, providing you with a financial aid package.

Determine Your Contribution

When you apply for federal student aid by completing the Free Application for Federal Student Aid (FAFSA), the information that you report (income, assets, number of family members, number in college, etc.) is applied to a formula established by the U.S. Congress. The formula calculates your family's ability to pay for your educational expenses, and produces a figure that is referred to as your Expected Family Contribution (EFC).

Your financial need is the difference between your cost of attendance, as calculated by the institution, and your Expected Family Contribution. This calculation is often expressed as follows:

Cost of Attendance - Expected Family Contribution = Financial Need

What is Financial Aid?

 

Financial aid is money (scholarships, grants, loans, and work-study) provided by various agencies (federal, state, local governments, community organizations, and private corporations or individuals) to help students meet the cost of attending college. There are online resources called:

·         Funding Education Beyond High School 2011-2012  

·         Funding Education Beyond High School 2012-2013

that provides additional information.

Financial Need

The cost of attendance (COA) at Florida National College consists of tuition and fees, room and board books and supplies, transportation and personal expenses. You must complete a Free Application for Federal Student Aid (FAFSA). The Department of Education will determine your expected family contribution (EFC), or the amount you and your parents/spouse will be expected to pay towards your estimated COA. Your financial need is defined as the difference between your COA and your EFC. The amounts and types of aid awarded to you will depend upon your level of need as determined by this calculation.

Applying for Financial Aid

The first step is to apply for a PIN

If this is your first time filling out the Free Application for Federal Student Aid (FAFSA), and you haven't applied for a PIN, you should do so now. Your PIN is what allows you to complete the FAFSA paper-free! You'll need your PIN to make online corrections to your FAFSA, including changing your name and address, or adding/changing the name of a school to receive your application data. The PIN is also your identifier to let you access personal information in various U.S. Department of Education systems.

To apply for a PIN go on-line at: http://www.pin.ed.gov/PINWebApp/pinindex.jsp

The second step is to complete the FAFSA

Fill out the 2011-2012 FAFSA (Free Application for Federal Student Aid) on-line at:

www.fafsa.ed.gov

 

Florida National College School Code is: 017069

You will need information from your 2010 Federal Income Tax Return to complete this process.

The Third step if applying for Student Loan is to complete the Entrance Counseling and Master Promissory Note

Entrance Counseling

·         Complete the Student Direct Lending Loan Entrance Counseling at the Department of Education Website: www.studentloans.gov

 

Master Promissory Note

 

·         Student must sign the Master Promissory Note in order to receive a student loan. Signing a promissory note means you agree to repay the Student Loan according to the terms of the note.

·         To complete the Master Promissory Note please go on-line at: www.studentloans.gov

           Please remember to use your PIN to sign in.

 

This site is your source for information from the U.S. Department of Education about how to manage your student loan.

Additional Forms and Information

Office of Financial Aid

Office of Financial Aid
4425 West 20 Ave

Hialeah, Florida 33012

Financial Aid Office Phone: (305) 821-3333
Fax: (305) 362-0595

 

Financial Aid Staff

Zoymar Quevedo zoymar@mm.fnc.edu

 

 

 

NOTICE

Applying for financial aid is an annual process. You must complete a FAFSA each year for which you are requesting financial aid. Your Expected Family Contribution and your costs will be reevaluated each year, and as a result your financial aid package may change. Meeting Florida National College financial aid application priority date of March 1 is critical to ensuring that your financial aid package is the most favorable package we can offer.

Circumstance Changes

If you or your parents' financial situation changes, please contact the OFA. We may be able to reevaluate your need for funding based on your changed circumstances. Changes to be reported include the following: