How to Apply for Financial Aid
Overview of the Financial Aid Process
NORTHERN SCHOOL CODE: 005286
A. FIRST STEPS TO FILE YOUR FAFSA
1) Create an FSA ID at fsaid.ed.gov. In order to complete the Free Application for Federal Student Aid, students now need a Federal Student Aid ID (FSA ID), made up of a selected username and password. Students and parents should create their own in order to electronically sign their FAFSAs and other federal financial aid documents. What’s an FSA ID and Why Do I Need One?
For a video instructions please visit, "How to create an FSA ID"
2) File online at fafsa.ed.gov. The FAFSA is available after Jan. 1. You will want to file after you have completed the previous year’s taxes. If you have filed a FAFSA in the previous year, you may be able to file a renewal FAFSA online, which has pre-filled information.
Apply early! Because it can take several weeks to process a FAFSA, we encourage you to apply early and follow through with all requirements in order to receive an early award letter. Some types of aid are limited and awarded on a first-come first-serve basis.
3) OR stop by or contact the Financial Aid Office at 505.747.2128 for free help with the financial aid process.
B. RECEIVE STUDENT AID REPORT (SAR)
After completing your FAFSA, the Department of Education will send you your Student Aid Report (SAR) which is confirmation that your FAFSA has been received and processed. If you provided an email address on the FAFSA you will receive the SAR via email. Please review the information carefully and contact Northern's Financial Aid Office at (505) 747-2128 if corrections need to be made.
Keep your SAR for your records. Northern’s Financial Aid Office will receive your SAR electronically, and will inform you by letter if any further documentation is needed.
After the FAFSA: What Happens Next?
You may be asked to complete additional forms to help verify information you provided on your FAFSA. You will receive these forms by mail. Please complete and submit the requested financial aid documents immediately to Northern’s Financial Aid Office.
You can also check your financial aid status at any time by logging onto myNNMC and clicking on the financial aid tab. Required documents can be viewed and downloaded for completion.
Requesting an IRS Tax Transcript. If the data retrieval tool is not used to transfer tax information into the FAFSA you may be required to obtain a federal tax transcript from the IRS. There are three easy ways to do so:
D. AWARD LETTER
A Financial Aid Award letter will be sent to you. You do not need to return the letter unless you were awarded Work Study, or you no longer plan to attend Northern and want to decline your awards.
Award amounts listed on your award letter are based on full-time enrollment status and will be prorated according to your final enrollment status (i.e., full-time, ¾ time, ½ time) at census date (3rd Friday from start of term).
Also, receiving outside resources at any time during the academic year must be reported to Northern’s Financial Aid Office in order to ensure accurate determination of accurate determination of aid eligibility, and to avoid potential over-awarding aid.
Withdrawing or failing all courses may affect your financial aid, please Click here for more detail.
QUESTIONS? Call or stop by our office in the Montoya Administration Building, Northern New Mexico College, 921 Paseo de Oñate, Española, NM 87532
Phone: (505) 747-2128 Fax: (505) 747-2121