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.
Students can begin the application process by checking the eligibility requirements for federal student aid and by visiting Federal Student Aid for additional information. To receive financial aid at Charter Oak State College, a student must:
- 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.
- Please note that financial aid does not cover the admissions application fee, admissions deposit, late registration fee, payment plan set-up fee, non-credit or non degree applicable courses, CLEP/Dantes testing, transcript fee, graduation fee, portfolio assessment fees or certificate program costs. Additionally, at the time of this publication there is no federal, state, or institutional aid for international or undocumented students.
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 October 1st, with a recommended priority deadline date of April 1st for the fall semester.
- 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.
- Important Changes to Federal Methodology for Award Year 2017-2018:
- The FAFSA is changing beginning with the 2017-2018 award year.
- Students no longer have to use estimated tax information to complete the FAFSA.
- Starting with the 2017-2018 FAFSA, income information will be based on what is referred to as "prior-prior" year income.
- Applicants will use income and tax data from 2015 to complete the 2017-2018 FAFSA application.
- Students and parents completing a 2017-2018 FAFSA should manually enter 2015 tax data (not 2016 tax data).
IRS Data Retrieval Tool (IRS DRT) Alert:
The IRS Data Retrieval Tool is currently not available for FAFSA applicants to prefill the answers to tax related questions by transferring data directly from their tax returns. The IRS DRT is expected to be offline for all of the 2017-2018 FAFSA processing season.
Students and parents completing a 2017-2018 FAFSA should manually enter 2015 tax information (not 2016 tax data).
- If necessary, a summary of a 2015 tax return, called a tax return transcript, can be downloaded or ordered by mail from the IRS.
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: All student financial aid eligibility issues must be resolved prior to packaging aid. Additionally, 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.