Monmouth University uses the Free Application for Federal Student Aid (FAFSA) as its primary application for all federal, state, and institutional financial aid programs; no supplementary applications are required. Students must apply online.
The FAFSA is completed each year using the student’s and parents’ federal income tax data and should also include Monmouth University’s Title IV School Code (002616). Where possible, students should utilize the Data Retrieval Tool (DRT) to import their tax information directly from the IRS’s database into the FAFSA; once income data has been imported no changes to that data should be made. Completed FAFSAs may be submitted to the U.S. Department of Education on or after October 1, 2016 for the 2017-2018 academic year.
Monmouth University does not have established deadlines for processing financial aid. However, students are encouraged to file as soon after January 1 as possible, as funding for several types of financial aid is limited, and funds are awarded on a first-come, first-served basis. Further, New Jersey residents must file the FAFSA to be considered for state grant (TAG) eligibility and should be aware of the following FAFSA filing deadlines:
|First time TAG recipients||September 15 of the current academic year|
|Prior TAG recipients||June 1 of the preceding academic year|
|Spring Term only||February 15 of the current academic year|
Financial data provided on the FAFSA will be forwarded electronically to the University and will be the basis for the creation of the student’s financial aid package. The financial aid package will be communicated to the student via the Financial Aid Award Letter. Newly enrolling students will receive a hard copy award letter, while continuing students will receive their award letter via e-mail to their University e-mail address; students may also review their financial aid package on WebAdvisor. Students need not return the award letter unless they are declining some portion of the aid being offered; new students should sign and return a copy of the award letter, while continuing students may simply reply to the award letter e-mail.
Generally, the initial offer of financial assistance delineated in the award letter is non-negotiable. The financial aid package may, however, be altered as a result of one or more of the following conditions:
• Changes in the student’s housing status
• Changes in the student’s enrollment (i.e., credit hours) status
• Lack of satisfactory academic progress
• Receipt of financial aid from an outside source
• Discrepancies noted as a result of the verification process
(Note that the U.S. Department of Education selects applications for verification. The verification process entails the comparison of actual financial data to that supplied on the FAFSA. Students selected for this process will be notified by the Financial Aid Office and will be asked to supply copies of federal tax return transcripts [if the Data Retrieval Tool was not utilized] and a completed verification worksheet; additional documents may also be requested. Instructions for submitting this documentation will be provided by the Financial Aid Office.)