Financial Aid Basics




FAFSA

The Free Application for Federal Student Aid (FAFSA) is the federal form used to determine your eligibility for financial aid. Schools use the FAFSA to put together financial aid packages, states use it to determine student eligibility for state aid, and some scholarships require it as part of their application.  This can be completed here.

 

FSA ID

The first step in filling out the FAFSA is creating a Federal Student Aid ID. This username-password combination will allow you to fill out the form online and access information about your financial aid for years to come, including looking up any student loans you have to repay after graduation. If you’re a dependent student, your parent or guardian will also need his or her own FSA ID.  This can be completed here.

 

NSLDS

The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s central database for student aid. It receives data from schools, agencies that guaranty loans, the Direct Loan program, and other U.S. Department of Education programs.  This can be accessed here.

 

OIC School Code

025799

 

Student Loan Borrowers

Student loan borrowers are required to complete Entrance Counseling and the Master Promissory Note (MPN).  Both of these can be completed here.