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Financial Aid Process

Step 1: Apply to Allegheny College

Complete the Allegheny application for admission. Financial aid and scholarship awards are made only after you are officially accepted to the college.

Step 2: Submit the FAFSA (Allegheny’s Federal School Code: 003230)

Complete the Free Application for Federal Student Aid (FAFSA) and list Allegheny College on your FAFSA with school code 003230. (You will need to create your StudentAid.gov account.) New, incoming students who do so are guaranteed a minimum of $1,000 as part of the aid funding provided by Allegheny. The funding is renewable as long as the student submits the FAFSA annually by May 1.

Step 3: Review Your Financial Aid Award Package

After your FAFSA application is received and reviewed, you will receive a financial aid “package” that may consist of need-based and non-need-based financial aid from a variety of institutional, federal, state, and private sources. The package will note the initial cost of education, any financial aid you are eligible for, and options for paying any remaining costs, if needed.

Compare each school’s financial aid package to get a total picture of aid and the true cost, which can help you plan ahead and feel confident in your school choice.

The aid award package will be mailed to you according to the following timeline and can also be accessed via the student portal.

Student Status Estimated Time to Receive Financial Aid Package
Admitted Students Late December/Early January
Returning Students Mid-June

Help With the FAFSA

FAFSA Overview

The FAFSA serves as the official financial aid application for all federal, state, and institutional need-based programs. You can submit the FAFSA to more than one college/university at a time, and your information will be saved from year to year.

All families should consider completing the FAFSA. Regardless of your expectations, knowing your eligibility is an important step in your financial planning.

How FAFSA Calculates Aid

The FAFSA determines your Student Aid Index (SAI). The SAI is then used to determine both your financial need and the need-based aid you are eligible for. This will be compared to your Cost of Attendance (COA), which includes tuition, fees, housing, food, and allowances for books, transportation, and personal expenses.

Official financial need is defined as your Cost of Attendance minus your SAI.

COA – SAI = Financial Need

Create Your StudentAid.gov Account

Create or reconfirm your StudentAid.gov account. Everyone who needs to provide information on the FAFSA is now called a contributor and needs a StudentAid.gov account (formally known as an FSA ID). This includes the student, the student’s parents or stepparents (if the student is dependent), and the student’s spouse (if applicable). Each person will need their own StudentAid.gov account linked to their independent emails.

Become familiar with any changes for the latest academic year.

Steps to Complete the FAFSA on StudentAid.gov

  1. Log in with your studentaid.gov account.
  2. Complete the Student Section of the FAFSA.
  3. Invite contributors to your FAFSA. This includes your parents or stepparents (if you are a dependent student) and your spouse (if applicable). Be sure to have your contributor information readily available (full name, date of birth, social security number, and email).
  4. Give consent to transfer federal tax information and enter information on the FAFSA. Consent must be given by you and all contributors, or you will not be eligible to receive Federal Student Aid.

Here are some helpful videos to watch about completing the FAFSA:

Who Is a Contributor?

What Is Approval and Consent?

Who Should Complete a FAFSA?

Determining Your Dependency Status

FAFSA Pro Tips

  • Consent and sign: Both student and contributors must give consent and sign the FAFSA in order for a student to be eligible for Federal Student Aid. If a signature and consent are not given, you will not be eligible to receive Federal Student Aid.
  • Be vigilant: FAFSA applications that are not completed and have not had any activity within 45 days will be voided and the application will have to be restarted.
  • Be accurate: Provide complete and accurate information. Errors or omissions could delay your application or change your aid eligibility.
  • Apply early: Some FAFSA funds are processed on a first-come basis, so submitting it early is best.
  • Keep information accessible: If selected by Federal Student Aid, you may be asked to provide copies of your tax returns, W-2s, and other documents to verify your information for both parents and students.

Still Need Help?

If you need more help with the FAFSA, reach out to any of these resources:

Federal Student Aid: 800-433-3243
Allegheny College: 800-835-7780
E-mail: fao@allegheny.edu

Types of Financial Aid

Designed to be repaid over time after you graduate, college loans can provide financial support without the up-front costs of tuition and other expenses.

Whether based on your financial need or academic achievements, grants do not need to be repaid, making them a great way to help lower the cost of tuition.

Your achievements, background, and areas of interest may make you a candidate for scholarships that go toward the cost of your college education.

As a veteran, service member, or dependent of a veteran, you may be eligible for education benefits through the GI Bill and Allegheny’s participation in the Yellow Ribbon Program.

Student Employment

You can apply for jobs in most departments on campus and even some nonprofit agencies in Meadville to earn a monthly paycheck.

Federal Work Study

Eligibility: Demonstrated financial need through your FAFSA.

Value: Up to $2,500. The amount listed on your award letter is the maximum amount you can earn, but is not guaranteed.

Campus Employment

Eligibility: Not qualified for federal work study and not hired as a Resident Advisor. You are eligible for campus employment even if it is not included in your original financial aid award.

Value: Up to $2,500.

Student Wages

Wages from a student job are earned through employment and are not credited to your bill.

Job Openings

Available job postings are sent to new students in the summer.

Criteria for Awarding Aid

Merit Aid and Need-Based Aid

Financial aid awarded by Allegheny College is awarded based on a variety of considerations:

  • Academic excellence balanced with other distinctive activities while in high school
  • Need as determined by the FAFSA
  • Or both

Timing

Consideration for some merit-based aid, such as the Trustee Scholarship, is automatic when you apply and are admitted to Allegheny. Need-based aid cannot be calculated until you complete the FAFSA — families must complete the FAFSA by February 15 for the following academic year.

Athletics

Aid is awarded without regard to your athletic abilities or sport participation, since Allegheny competes in Division III of the National Collegiate Athletic Association (NCAA) and must honor the Division III policies.

Verification of Aid

Allegheny College is required by federal regulations to validate the accuracy of the financial information of students identified by the U.S. Department of Education for verification. Allegheny also selects students for verification. Students who have been selected for verification, either by the U.S. Department of Education or by Allegheny College, will be notified of all required documents and due dates.

Financial aid eligibility will not be finalized until all requested verification documentation, including signed federal tax returns and a completed verification form, is received. Financial aid awards are subject to change based on the accuracy of information submitted on the FAFSA.

Financial Aid Staff

Natasha N.B. Eckart

Director of Financial Aid
Tuition Exchange Liaison
neckart@allegheny.edu

Erin Pangborn

Associate Director of Financial Aid
VA Certifying Official and Loan Specialist
epangborn@allegheny.edu

Mandy Pipper

Associate Director of Financial Aid
Verification Specialist
apipper@allegheny.edu

Jade Allen

Financial Aid Counselor
Student Employment Coordinator
jallen@allegheny.edu

Susan Hyde

Financial Aid Counselor
State Grant Specialist
shyde@allegheny.edu