Applying for Financial Aid
The Office of Financial Aid at Charter Oak State College realizes that financing an education can be an expensive endeavor and we are committed to helping students find the resources necessary to complete their education. Financial assistance may include grants, scholarships, and loans. Financing is also available through the College's Payment Plan. With this said, we encourage all eligible students to apply for financial aid.
- Be matriculated into a degree granting program. For federal loans a student must be enrolled at least half-time (6 or more credits).
- Comply with federal and state regulatory requirements, as well as College polices and procedures.
Students must complete the Free Application for Federal Student Aid (FAFSA) each year in order to be considered for federal, state, and institutional financial aid.
- To allow adequate time for processing, students should file the FAFSA as soon as possible after January 1st, with a recommended deadline of April 1st. This priority date ensures that the College can review and determine a student's eligibility for financial aid before the semester's payment due date. If the priority date is missed, students should apply as soon as possible to be considered for financial aid that is still available.
- The six-digit federal school code for Charter Oak State College is 032343.
Use the IRS Data Retrieval Tool to complete the FAFSA.
The IRS Data Retrieval Tool allows students and parents to access IRS tax return information needed to complete the Free Application for Federal Student Aid (FAFSA), and transfer the data directly into their FAFSA from the IRS Web site.
The College highly recommends that students and parents use the IRS Data Retrieval Tool if they are eligible because:
- It ensures that that FAFSA tax information is accurate.
- If selected for verification, students and parents don't have to provide their IRS tax return transcripts to the College.
- Most students and parents are eligible to use the IRS Data Retrieval Tool if they have already filed their taxes. Typically, the IRS Data Retrieval Tool becomes available for use in early February of the current tax year.
Note: Applicants and parents who used estimated tax information to complete the FAFSA are advised to return to the FAFSA web site and correct estimated information by using the IRS Data Retrieval Tool. At the FAFSA web site a student simply logs in as a "returning user" to make a correction and to use the IRS Data Retrieval Tool.
What Happens after the FAFSA is Completed?
Once a FAFSA is processed by the U.S. Department of Education, a Student Aid Report (SAR) is generated and sent to the student. The SAR summarizes all of the information listed on the application. Student's should review their SAR data to make sure information is correct and make changes at the FAFSA website.
The results of a student's FAFSA will also be sent to the College's Office of Financial Aid.
- Students are required to check their Charter Oak email on a regular basis to monitor the status of their financial aid and to respond to requests for additional information.
- Students should also log into their ACORN account, "My Financial Aid" portal to access missing documents, check messages, and to accept/reduce/decline financial aid awards.
- If it is determined that a student is eligible for financial aid, an award notification will be sent to the student. Student's should follow all instructions provided in the notification in order to access their financial aid award and other funding requirements.
Note: FAFSA applications that are incomplete, have conflicting or discrepant data, or require additional information cannot be awarded financial aid. Students are responsible for checking the status of their financial aid application and may be required to submit additional documentation to validate data.
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