Below is a Financial Aid Checklist with a timeline of the steps that occur after you file your FAFSA:
❑ File your FAFSA at your earliest opportunity. You can even file your FAFSA before you apply for admission to DMACC. The application is completed for FREE at https://studentaid.gov/
You can use the data retrieval tool to electronically bring in your taxes, eliminating errors on your FAFSA.
Be sure to complete the correct FAFSA for the right academic year! What term (year) are you attending DMACC?
❑ Within 3-5 days after submitting your FAFSA electronically, you will receive a Student Aid Report (SAR), confirming the information you reported on your FAFSA. This SAR is sent to the email address you provided on the FAFSA. Please review the SAR for accuracy. If changes need to be made, go to studentaid.gov, sign in, choose 'make a correction', and submit your corrections.
❑ DMACC will receive your FAFSA from the federal government within 7-10 days after it is processed. DMACC will then reach out to you via letter (new students) and email (new and continuing students). The Financial Aid Office will primarily use your DMACC email address to contact you, so check it often. You will be directed to Banner Self Service (accessible through myDMACC) to view the Financial Aid Dashboard and your additional “requirements”.
Instructions to View Financial Aid Requirements in Banner Self Service
- Examples of some forms you may be asked to complete include, but are not limited to Verification Form and Household Support Form. Many of the forms can be completed online after you log in to your myDMACC and go to Banner Self Service.
- If you are selected for verification, you may be asked to submit a Federal Tax Return Transcript. You can request a copy of your Federal Tax Return Transcript from the IRS.
- Your financial aid information will be processed after all forms and information that was requested of you have been submitted to the DMACC Financial Aid Office.
❑ You will receive a notification via email (DMACC email) to let you know when you have a financial aid award ready to view on Banner Self Service (accessible through myDMACC). Please log in to Banner Self Service to complete the Electronic Consent, and accept or decline your financial aid award.
Instructions on Accepting Your Financial Aid Awards and Completing the Terms and Conditions
❑ If you need help understanding your financial aid award, you can go to the DMACC Financial Aid Office. You can also find more information about the types of financial aid on the DMACC Financial Aid webpage. Finally, "Financing Your Education at DMACC" (PDF) booklet is a valuable resource you may use to learn more about the types of financial aid you may have been offered.
❑ If you are a new student to DMACC and have accepted federal student loans, you will need to complete Loan Entrance Counseling. You may also need to complete the Direct Loan Master Promissory Note. If you do not complete these two important steps, you will not receive the federal student loan offered to you. Please see the Entrance Counseling & Master Promissory Note booklet for guidance in completing these requirements.