Financial Aid Process

    Understanding the Financial Aid Process

    Financial Aid can sometimes be a confusing process.Financial Aid Process AIMM

    Our goal is to make the process as clear and simple as possible!

    Continue reading to see step-by-step how you can receive the financial assistance you need.

    Step 1. Filling Out FAFSA

    Step 2. Register for the VFAO

    Step 3. Complete Loan Counseling

    Step 4. Sign MPN

    Helpful Tips

    Step 1. Filling Out FAFSA

    FAFSA is the application required by all schools in awarding federal student aid to those who qualify.

    The FAFSA form helps you get access to receive:

    • Federal grands
    • Federal student loans
    • Federal work-study
    • State loans
    • State grands and scholarships
    • Grants and scholarships from other organizations
     

    There are two main ways designed to help you complete your FAFSA. This includes:

    1. Download the myStudentAid app (available on iOS (Links to an external site.) and Android (Links to an external site.)) and conveniently fill it out on a mobile device.
    2. Visit fafsa.gov (Links to an external site.) to complete the FAFSA form on your mobile device or laptop

     

    Step 2. Register for the VFAO

    The Virtual Financial Aid Office will help make sure you get the correct amount of financial assistance for school.

    Create an account on the VFAO site and fill out a short interview.

    Once you are logged onto the Virtual Financial Aid Office (VFAO), it will ask you whether or not you have completed a Free Application for Federal Student Aid (FAFSA) for the 2019-2020 academic school year. After you select your answer, you can then follow the instructions to proceed through the entire Student Interview process on VFAO.

     

    Step 3. Complete Loan Counseling

    You are required to complete entrance counseling to ensure you understand the responsibilities and obligations you are taking on if you have never previously received a Direct Loan or Federal Family Education Loan (FEEL).

    Undergraduate Students: The entrance counseling will fulfill counseling requirements for Direct Subsidized Loans and Direct Unsubsidized Loans.

    Graduate/Professional Student: The entrance counseling will fulfill counseling requirements for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.

    Time Frame: The Counseling Process typically takes 20-30 minutes and must be completed in one session.

    Information Needed/Prepared:

    • Verified FSA ID
    • School Name
    • Details on your income, financial aid, and living expenses

    Click here to start your loan counseling.

     

    Step 4. Sign MPN

    What is a Subsidized/Unsubsidized Master Promissory Note (MPN)?

    The Subsidized/Unsubsidized Master Promissory Note (MPN) is a legal document in which you promise to repay your federal student loan(s) and any accrued interest and fees to your lender or loan holder.

    There is one MPN for Direct Subsidized/Unsubsidized Loans and a different MPN for Direct PLUS Loans.

    Most schools are authorized to make multiple federal student loans under one MPN for up to 10 years. 

    Click here to get started on your MPN

    How to Fill Out the FAFSA

     

    Want more details regarding how to prepare for the FAFSA Process?

    Download our FAFSA Infographic here

     

     

     

    IMPORTANT NOTE: When completing the terms of attendance portion of the student interview you should request financial aid for three quarters/terms.  

    For example, if you are starting in January quarter, select WINTER, SPRING and SUMMER quarters/terms.

     

     

     

     

    What Happens After the FAFSA

     

     

    How to Create your FSA ID

     

     

     

    Helpful Tips

    Tips for Parents

     

    Determine Your Dependency Status

     

    Questions?

    Email AIMM at admissions@aimm.edu 

    or call at (770) 242-7717

     

    What If I Forgot My FSA ID?

     

    What If I Forgot My Password?

     

    Helpful Links:

    Financial Aid Contact

    Financial Aid Checklist

    Financial Aid Forms and Links