Follow these steps to apply for federal student aid:
Step 1: Ensure that Student Financial Services has your social security number if you did not include it on your application.
Step 2: Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov. Include the Simmons University school code, which is 002208, to have your FAFSA information forwarded electronically to the Financial Aid Office for review. If you do not already have an FSA ID, you can create one when logging in to FAFSA.ed.gov, StudentLoans.gov, or StudentAid.ed.gov.
The FAFSA must be submitted each academic year in order for you to remain eligible for federal student aid. Complete the FAFSA that corresponds with your desired start date.
FAFSA Year 2018–2019:to start in May 2018, September 2018, November 2018, January 2019 or March 2019.
FAFSA Year 2019–2020:to start in May 2019, September 2019, November 2019, January 2020 or March 2020.
Both the Entrance Counseling and Loan Agreement Master Promissory Note (MPN) must be completed in order for funds to be disbursed to your student account.
Note: There is a separate MPN for the Federal Direct Graduate PLUS loan.
Step 4: Receive your student account statement once you have registered for your classes.
Step 5: Evaluate your need for additional funding, such as the Federal Direct Graduate PLUS Loan through the Department of Education or alternative/private loans through various private lenders.
Prior to borrowing through the Federal Direct Graduate PLUS Loan program, or any additional private/alternative loan, you may need to review your credit reports for potential issues. Contact any of the following bureaus for information: Experian, Equifax, or TransUnion.
For additional information on private, credit-based loans, you can visit our page on www.elmselect.com to find, research, and compare lenders.
If approved for the Direct Graduate PLUS Loan, complete a separate MPN for this loan. If declined for the Direct Graduate PLUS Loan, you can re-apply with a co-signer (endorser) or appeal the denial through the Department of Education.
Please note: PLUS Loan credit decisions expire within 180 days from applying, while private/alternative loan credit decisions depend on the individual lender.
Step 7: You may also choose to set up a payment plan rather than pursue alternative financing. For more information, or to set up a tuition payment plan, visit SimmonsOnline.
Step 8: Once the Simmons Office of Student Financial Services has updated your account with any additional funding, you will receive an email when your award letter is viewable online. Please note, if utilizing the payment plan, it will not be listed on the award letter but will appear on your billing statement.