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 Online Student Portal

    Step 3. Complete Loan Counseling

    Step 4. Sign MPN

    Step. 5 Covering Out-of Pocket Expense Not Covered by Financial Aid

    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 grants
    • Federal student loans
    • Federal Parent Plus loan for dependent undergraduate students
    • 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 and Android and conveniently fill it out on a mobile device.
    2. Visit fafsa.gov to complete the FAFSA form on your mobile device or laptop


    If you are applying for Summer/July 2023, Fall/October 2023 or Winter/January 2024 quarters: 

    Please make sure that you complete the 2023-2024 FAFSA and use the school code 031045


    Step 2. Register for the Online Student Portal

    Follow these 4 simple steps to gain access to your Financial Aid portal. You will be able to access real-time information on all your financial aid updates!

    1. Visit the Portal Login and click the link at the bottom for "Student Registration"

    2. Verify School’s Key (C14-116000) and click next

    3. Enter your personal information and click next

    4. You will then receive an email to complete your registration! Make sure to check your junk or spam folder.

     

    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.

    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

    You will click on the link that says “Log In To Start” under “I Am an Undergraduate Student”

    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. 

    You will click on the link that says “Log In To Start” under “I Am an Undergraduate Student”

    Click here to get started on your MPN

     

    Step. 5 Covering Out-of Pocket Expense Not Covered by Financial Aid

    Once your Financial Aid Award Notice has been emailed to you, the Bursar will email you a Statement of Account, which will notify you of any cash balance not covered by Financial Aid.

    AIMM has a Payment Plan for payment on account balances not covered by financial aid (payments can be paid by cash, check, debit card, money order or credit card)

    How to Fill Out the FAFSA

     

     

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

    Download our FAFSA Infographic here

     

     

     

     

     

     

     

     

     

    What Happens After the FAFSA

     

     

     

     

    How to Create your FSA ID

     

    Helpful Tips

    Tips for Parents

    Apply for a PLUS Loan for Parents

    https://studentaid.gov/plus-app/parent/landing

    Determine Your Dependency Status

     

    Questions?

    Email AIMM at financialaid@aimm.edu

    or call at (770) 242-7717

     

     

     

     

     

     

    What If I Forgot My FSA ID?

     

     

    Helpful Links:

    Financial Aid Contact

    Financial Aid Forms and Links