FAQ - FA Definitions

Definitions of common terms can be found at the Federal Student Aid website.

FAQ - FA What Happens

After you submit your FAFSA®, the federal processor performs an initial eligibility check and calculates need levels based on the information provided. You will receive confirmation in the form of an email with instructions on how to access a copy of your FAFSA® Submission Summary from the federal processor and your information will be forwarded to the Manhattan Tech Office of Financial Aid electronically for additional eligibility checks. The Office of Financial Aid will contact you for further information.

FAQ - FA How Long

Because every student's situation is different, processing time will vary. A few of the factors that can impact processing time are: whether or not a student is selected for verification, how quickly all requested documents are submitted to the Office of Financial Aid, and when the FAFSA® was originally submitted. Manhattan Tech typically starts processing applications for the upcoming award year by the end of March and applications will be processed in the order in which they were received.

FAQ - FA SAI

The Student Aid Index (SAI) is an eligibility index number that our financial aid office uses to determine how much federal student aid you would receive if you attended the school.

This number results from the financial information you and your contributor(s) provide on your FAFSA® form.

FAQ - FA Verification

The Federal Government selects applications for verification as they are submitted. It is then the school's responsibility to request copies of tax return transcripts and other information to verify that the data reported on the Free Application for Federal Student Aid (FAFSA®) is accurate. Errors must be corrected and sent to the Federal Processor. Eligibility for financial aid can change due to verification.

FAQ - FA School Code

In order to supply a student's FAFSA information to an institution, please include our six-digit number called a Title IV Institution Code or Federal School Code. The school code for Manhattan Tech is 005500.

FAQ - FA Transfer FA

No, only the information used to determine eligibility transfers to another school. The student must go to https://studentaid.gov and correct their processed FAFSA®. The correction is adding the Title IV code for the school you are transferring to. Once the correction is made, the school added will electronically receive the results of your FAFSA® and will determine your eligibility for their institution.

FAQ - FA Consortium Agreement

Sometimes situations arise that cause students to be enrolled at more than one institution at a time. However, you cannot receive financial aid from both institutions. The school you plan to receive a certificate/degree from should be the school you receive financial aid from and is considered the 'home' institution.

FAQ - FA How Much

According to federal regulations, Student Aid Index (SAI) is subtracted from the allowable Cost of Attendance (COA) to determine financial need. This determines how much need-based aid you may qualify for. To determine how much non-need based aid you can receive, Manhattan Tech takes your COA and subtracts any financial aid you've already been awarded. It is the policy of the Manhattan Tech Office of Financial Aid to award students their maximum eligibility in all available fund categories.

FAQ - FA Credit Hours

Students must be enrolled at least half-time, 6 credits to be eligible for Direct Loans. Financial aid can vary depending on enrollment status. At Manhattan Tech 6 - 8 credits is ½ time, 9 - 11 credits is ¾ time and 12 or more is full-time.

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