Financial Aid Office The mission of the Student Financial Aid and Scholarship Office is to provide financial assistance to students so that they may
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1 Financial Aid Office The mission of the Student Financial Aid and Scholarship Office is to provide financial assistance to students so that they may achieve their educational goals while attending the College of Southern Idaho.
2 Types of Aid Grants Financial aid that does not have to be repaid Work Study Find a job on campus to earn money for your education Loans Financial aid that must be repaid once you exit or graduate college
3 Free Application for Federal Student Aid Apply online at CSI s school code is Plan for about 45 minutes to apply
4 Apply early for Federal Financial Aid! The priority deadline is in mid July (check website for exact dates) for the upcoming Fall semester. -FAFSA submitted -All requested supporting documents submitted, too. If your financial aid awards have not already disbursed by the tuition due date, you are required to: 1. Pay your tuition in full -OR- 2. Complete a Tuition Loan Agreement with the Office of the Registrar.
5 The Process Complete and submit your FAFSA online Notification that your FAFSA was submitted will come from the Department of Education Notification from CSI will follow Submit requested information and/or documents Receive your award notification Accept and/or decline your awards If you accept loans, complete the additional loan documents -Entrance Counseling -Master Promissory Note (MPN)
6 What is needed to fill out the FAFSA Student needs: FSA ID Record(s) of previous years earnings: Federal Tax Returns Transcript and W-2(s) Driver s License or State ID number Social Security or Alien Resident number Current savings and/or investment records Current bank statements Untaxed income records, if applicable: These include: child support paid and/or received, and worker s compensation payments received. Parent needs (if applicable): FSA ID Record(s) of previous years earnings: Federal Tax Return Transcript and W-2(s) Driver s License or State ID number Social Security or Alien Resident number Current savings and/or investment records Current bank statements Untaxed income records, if applicable: These include: child support paid and/or received, and worker s compensation payments received.
7 More Information on the FSA ID Required to sign the FAFSA electronically Required to utilize the IRS Data Retrieval Tool *CSI highly recommends using the DRT if it is offered* Get an FSA ID at You and your parent must create an FSA ID:
8 Dependent vs. Independent Dependent student must include all parent information on their FAFSA. The following infographic will help you to determine whether or not you are a dependent student or independent student.
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10 Login to the FAFSA using the FSA ID you just created New User Returning user
11 Transferring IRS Data Utilizing the IRS DRT (for you and your parents) will help cut down on documentation that is requested during the verification process
12 Helpful Tips Provide a current mailing address and an address that you check regularly. Review your answers before you submit the FAFSA. To be eligible for federal financial aid, you must be a degree seeking student at the institution you apply to. Applying for federal financial aid is a process. It can take up to two weeks for the College of Southern Idaho to receive your FAFSA from the Department of Education.
13 Let the CSI Financial Aid Website be your resource! Financial aid overview Satisfactory Academic Progress Due dates Loan information Disbursement and refund information
14 Family Educational Rights and Privacy Act (FERPA) FERPA is a Federal law that protects the privacy of student education records, including financial aid information. Limited information is released without written consent of the student. If you choose to allow someone else access to your financial aid information, the Permission to Release Information Form is available on the FERPA information website:
15 Loan Tips! Loan Tips If you accept a loan, you must complete an Entrance Counseling session and a Master Promissory Note. Available on Net Partner and the CSI Financial Aid website. If you are a first time student and a first time borrower, you will have a one-time 30 day delay on your loan money. If you are attending only one semester of an academic year, your loan money will be split into two disbursements during that semester.
16 FAFSA Status Login to Net Partner Netpartner.csi.edu 1 st time? > New User Login Logged in before, but can t remember you password? > Forgot password
17 Change Award Years Net Partner Always check to make sure you are in the correct award year! Review documents to see what you are missing. Click on Get More Documents to see a list of all documents. Review messages. Check Net Partner frequently!
18 Net Partner Document status: Not Received = need to complete Incomplete = received but something is missing-check your Not Reviewed = received, but has not been reviewed, yet Received = document is complete
19 Accept/Decline Awards Received your award letter? Log in to Net Partner click on the Accept Awards tab Read through the terms and conditions Accept/Decline any awards
20 Disbursement The first disbursement of Federal financial aid and scholarships will be on the first Friday of the semester. Attendance must be verified by instructors before any awards can disburse. Financial aid awards will be made based on the number of credits students are enrolled in at 8:00 A.M. on Monday of the second week of classes. If students who receive Federal financial aid increase the number of credits they are enrolled in after 8:00 A.M. on the second Monday, they will be responsible for all tuition and fees for those classes, (they will not be awarded additional aid for the semester). Once attendance has been verified, awards will be applied to your student account to pay your tuition, fees, room and board, and any book charges.
21 Refunds If you have funds above what is owed to the college, this goes to you as a refund. Refunds are sent to BankMobile on Tuesdays and Thursdays. First refund of the semester will be the second Thursday after the start of school. College of Southern Idaho utilizes BankMobile for all financial aid and scholarship credit balance/refund distribution. The amount of time it takes to receive a refund varies on the method you selected.
22 BankMobile
23 BankMobile Refund Preference As soon as you receive the refund package you will need to select a refund preference: Go to : Open a BankMobile account and request a debit card (within 24 hours of refund) Have your refund deposited to your current bank account (3-5 business days) Have a paper check mailed to you (to the mailing address we have on file in MyCSI - please make sure that your mailing address is correct) (2+ Weeks)
24 Where can I go for help? Net Partner provides instant access to your financial aid information! Review the CSI Financial Aid website for up-to-date information on Federal Financial Aid. Stop by the CSI Financial Aid office.
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