Any student needing financial assistance to attend Salem College should apply for financial aid through the process outlined in this information.
REMEMBER: You must reapply for financial aid each academic year.
You are strongly encouraged to begin the financial aid application process as soon as possible. Since applying for financial aid and applying for admission to Salem College are separate processes, you should not wait for a response to your admissions application before applying for financial aid. Your data will be reviewed for financial aid eligibility when you have been officially accepted for admission. If you are a new Salem College applicant, make certain that you contact the Admissions Office and follow their instructions regarding the admissions process.
For the Financial Aid Office to determine your eligibility for need-based assistance, you must complete the Free Application for Federal Student Aid (FAFSA).
The easiest way to apply for financial aid is to go FAFSA on the Web at www.fafsa.ed.gov.
Salem College Federal School Code: 002960
Before beginning the FAFSA, you should apply for a FSA ID from the U.S. Department of Education. The FSA ID will allow you to sign your FAFSA electronically and also to correct your processed FAFSA information online, if necessary. If you are providing parent information on the FAFSA, one of your parents must also sign your application. To sign electronically, your parent must apply for his or her own FSA ID.FAFSA Priority Filing Dates
The priority filing date for all students is March 1.
Applications submitted after the priority filing dates will be considered as funds are available. Most financial aid at Salem College is distributed on a first-come, first-served basis.
Eligibility for Federal aid at Salem College requires that you meet several criteria as follows:
After you submit your FAFSA, you will receive notification from the Federal government in the form of a Student Aid Report (SAR). This form will provide you with your Expected Family Contribution (EFC), the amount you and your family are expected to be able to contribute to the cost of your education, according to the standard Federal formula. It will also indicate if you are eligible for a Federal Pell Grant.
Your eligibility for State aid may be sent by the Office of Higher Education in your state of residence. If you receive a notice from the North Carolina Higher Education Assistance Authority or from your appropriate state agency, it does not mean you are automatically eligible to receive a state grant. You must meet all criteria required by the state granting the award. You will be notified on your Financial Aid Award Letter from Salem College if you qualify.
Salem College or the U.S. Department of Education may select your application for a process called “verification.” As part of verification, you will need to provide certain documents and information to the Financial Aid Office to verify that the information reported on your FAFSA is correct.
The verification process begins after the results from your FAFSA are received by the Salem College Financial Aid Office. At that time, you will receive a letter from the Financial Aid Office asking you to provide a signed copy of your Federal income tax return, your parent's return (or your spouse's return, if you are married and your spouse filed a separate return) and a copy of all related W-2 forms. You will also be asked to complete a worksheet regarding your income, your household size, family members enrolled in post-secondary education, and untaxed income and benefits. You may also need to provide statements from agencies such as the Social Security Administration to verify benefits received.
You should be prepared to provide any required verification documentation as soon as possible to prevent delays in your financial aid. Failure to provide documentation means you will not receive aid from the Department of Education, and you may not receive aid from other sources.
To complete the verification process, the documentation you provide will be reviewed, and any necessary corrections to your FAFSA data will be made. If your eligibility for financial aid changes based on these corrections, your financial aid package may be adjusted, and you will have to repay any portion of aid disbursed that you should not have received.
Any person who intentionally makes false statements or misrepresentations on a Federal aid application is violating the law and is subject to a fine, imprisonment or both.