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FAFSA Step-by-Step

Submit your Free Application for Federal Student Aid, or FAFSA, as early as possible. Applications can be submitted starting October 1st of each year. The FAFSA is required not just for federal aid, but also for state aid if you’re eligible, and scholarships.

Miles College FAFSA Code is 001028

Federal deadline for submitting the FAFSA is June 30, 2022

You must complete the FAFSA each year to receive your award. (If you have completed the FAFSA before, the renewal option will have some of your previous year information.) 

Watch this overview before you get started.

Filling out the FAFSA

Filling out the FAFSA for the first time may seem daunting, but it’s not as hard as it may seem. Follow these steps.

  • Collect parent Federal Income Tax Forms. If your parents are divorced or separated, read this to determine which parent’s IRS forms you should collect.

    We recommend that you use the IRS Data Retrieval Tool (DTR) to avoid mistakes in filling out your FAFSA. The IRS Data Retrieval Tool transfers tax return information directly into the FAFSA. 

    Watch a video about the Data Retrieval Tool

     

     

  • First time college applicants and parents of dependents are both required to apply for a Personal Identification Number (PIN). This will allow you and your parent access to the FAFSA. You and your parent should each have your own PIN. Keep your PIN safe, as you’ll use it each year to apply for aid and access your online financial aid records.

    If your parents are divorced or separated and you’re not sure which parent should request a PIN, read “Who’s My Parent When I Fill Out the FAFSA Form?”. It will also help you determine who is your “parent” for FAFSA purposes if you’re living with a grandparent, aunt or other guardian.

    Watch this video about applying for your FAFSA ID.

    Apply for your PIN

  • Have your PIN and your parent’s PIN handy, along with social security numbers, tax returns and bank statements for your parents and you (if applicable), and any brokerage statements.  

    Complete the FAFSA and submit. Miles College Code is 001028. The government will determine what aid you are eligible for based on your completed FAFSA and will inform Miles College.

    You don’t have to complete the FAFSA right away. You can save it and use your PIN to return to it another day if you don’t have all the information you need. 


    Transfer Students:  If you have attended another institution, the Office of Financial Aid must receive valid financial aid transcript data via the National Student Loan Data System (NSLDS) from all post-secondary institutions you attended. Review your financial aid history to better understand your federal student loan indebtedness, by logging into the NSLDS website.

     

    After You Submit Your FAFSA

     

    Watch this quick overview of what happens after you fill out your FAFSA.

     

    After you’ve submitted your FAFSA, keep checking your email for updates. We’ll let you know if we need documents from you for verification. Please provide the information promptly or contact the office of financial aid for clarification.

  • Examine the estimated cost of attending Miles and make a budget for your tuition, fees, books and supplies, and living expenses. Use the Net Price Calculator for an estimate of your cost of attendance.

  • After you submit your FAFSA, you’ll get a Student Aid Report (SAR) that summarizes the information you provided on your FAFSA from your loan processor. You should receive an email for you to proceed to the SAR web page within three to four weeks of submitting your FAFSA. If this has not occurred, contact CPS at 1-800-433-3243 to check on your application status. 

    Your SAR includes your Expected Family Contribution score (EFC). The EFC is the number that Miles will use to determine your federal student aid eligibility and financial aid award. The difference between your total cost of attending Miles (Step 6) and your EFC is your financial need and the amount of aid you’re eligible to receive. If you do not qualify for Financial Aid, contact our Business Office to discuss payments and payment plans. 

    Contact the Financial Aid Office if there are any household income changes that may affect your EFC such as: death of a parent, divorce, separation, loss of employment and substantial out-of-pocket medical expenses (exceeding 7.5% of adjusted gross income). 

    We might contact you to request documents for income verification. Check your email often, and make sure to send us requested documents promptly.

  • Once we’ve received all requested documents, you will receive your award letter notification from Miles. An award letter will list all eligible academic and need based financial aid that will be offered based on your EFC (Pell Grant, work study, Stafford loans, scholarships etc.) Your aid package will usually include a Federal Direct Loan to bridge the gap between Pell Grant and scholarships (your aid), and the cost of tuition and fees. Loans have a fixed interest rate of either 3.4% (subsidized) or 6.8% (unsubsidized). The type of loan you are offered depends on your federal eligibility and on the availability of funds. 

    You will receive an email to review and accept your award. Review your award carefully before accepting.

    Read important financial aid information for admitted students