Dec 13
23
Florida Gateway College: 7 Steps To Get a Federal Student Loan
Do you know that almost 90 percent of the students at Florida Gateway College are recipients of financial aid? One of the reasons for this is that the school provides fast and easy approval of financial aid applications.
If you are a university student or are planning to be one and you would like to apply for financial aid, here is what you should do:
Step 1: Visit your college’s financial aid office
For interested applicants of Florida Gateway College financial aid, you should visit your college financial aid office to inquire about the said program.
If you are qualified to apply, get a checklist of the requirements and documentations that you are required to submit.
Step 2: Submit Free Application for Federal Student Aid (FAFSA)
The next step to apply for Florida Gateway College financial aid is to submit your FAFSA. You can visit www.fafsa.ed.gov and download a hard copy of the FAFSA application form or sign it online. You may also request this form from your college’s financial aid office. However, online application is faster; you can already receive feedback within three weeks from the date of online filing.
The FAFSA is composed of ten pages with more than 100 questions. Some questions may not apply to you.
FAFSA questions are divided into four parts. The first three parts are composed of questions about the student, while the fourth part are questions about the parents. Example questions include the number of people in your household, family income, income tax paid, and residency of your parents, among others.
There are important notes on the last pages of the FAFSA which can guide you on how to answer the questions. If you are still not sure on what to answer to a particular question, you may also seek assistance from the financial aid office.
The federal school code of the Florida Gateway College is 001501.
For non-online application, you can submit your form to the financial aid office.
Step 3: Request for your Personal Identification Number (PIN)
If you opt to apply for FAFSA online, you should request your PIN prior to signing the online form. However, if you decide to submit a hard-copy to the Florida Gateway College financial aid office, you can request your PIN even after submission of the form.
Your PIN serves as your personal identification and signature when making online transactions regarding your FAFSA. You can use it to check or make corrections to your Student Aid Report and to access your online record of financial aid and loan information.
If your parents have a PIN and you are still their dependent, you can request them to sign the online form for you. Otherwise, you can request for a PIN at www.pin.ed.gov.
Step 4: Complete the requirements and documentations
Aside from submitting your FAFSA, there are other requirements and documentations that have to be submitted to the Florida Gateway College financial aid office before the loan funds will be given to you. They include:
- Completion of entrance counseling. This will help you understand your obligation in repaying your loan.
- Completion of the financial awareness counseling. This will help you understand how to budget your loan funds and how to repay them.
Step 5: Submit ‘My Financial Aid History’
You can print your My Financial Aid History from the financial aid section of the Florida Gateway College website. This tool will be used in reviewing your Lifetime Eligibility Used (LEU), servicers, and enrollment.
Step 6: Log into your MyFGC and accept or decline financial aid award
Every student at the Florida Gateway College will have their own MYFGC account on the school’s website. Go to www.fgc.edu and log into your MyFGC account and accept or decline the financial aid award.
Step 7: Submit a Master Promissory Note (MPN)
Submit an MPN within five to seven days after accepting the financial aid award.
The federal financial aid can cover the cost of your school expenses, which may include tuition and other fees such as books, room, board, educational supplies, and transportation. There are also three types of financial aid available: grants, loans, and work-study. You can apply for the type that best suits your qualification and needs.
If for one reason or another, you did not qualify for the Florida Gateway College federal financial aid, the school offers other types of financial aid which you may be interested in. These include the unsubsidized federal financial aid and the William D. Ford Federal Direct student loan among others.
The federal financial aid can help you finish your education at the Florida Gateway College. It is easy to apply for the federal financial aid as long as you follow the seven steps mentioned above. Simply put, your financial need should not hinder you from pursuing a degree at the Florida Gateway College.