What is your Student Aid Report?

The Student Aid Report (SAR) is a paper or electronic document that gives you some basic information about your eligibility for federal student aid and lists your answers to the questions on your Free Application for Federal Student Aid (FAFSA®).

How do I find my Student Aid Report?

Go to: https://studentaid.gov/apply-for-aid/fafsa. Select the “Log In” button and enter your account username and password (FSA ID). Only you, the student, should know or use your FSA ID. Select View or Print your Student Aid Report (SAR) from the “My FAFSA” page.

How do I read my fafsa Student Aid Report?

When You’ll Receive Your SAR

If you included an email address on the FAFSA, it will be sent electronically. You also can view your SAR by logging into your account with your Federal Student Aid (FSA) ID on FAFSA.gov.

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Why is the Student Aid Report important?

Why your SAR is important

It’s important to have an accurate SAR since your financial aid awards are based on the information listed on your report. … The EFC listed on your student aid report will determine the amount of aid you’ll receive.

What does it mean if your SAR report says that you are selected to receive a Pell Grant?

Verification: If your SAR has been selected for verification, it means that you may have to show additional financial documentation to your college in order to qualify for federal aid.

How can I see my student loans?

StudentAid.gov is the U.S. Department of Education’s comprehensive database for all federal student aid information.

At StudentAid.gov, you can find:

  1. Your student loan amounts and balances.
  2. Your loan servicer(s) and their contact information.
  3. Your interest rates.
  4. Your current loan status (in repayment, in default, etc.)

How do I fill out MPN for student loans?

Complete Master Promissory Note

Go to http://www.studentloans.gov and log in using your FSA ID. Select Complete Loan Agreement (Master Promissory Note). For loan type select MPN for Subsidized/Unsubsidized Loans and then Start. Complete each step of the MPN and click Sign & Submit once you have finished.

How do I apply for Pell Grant 2020?

How do I apply? You should start by submitting a Free Application for Federal Student Aid (FAFSA®) form. You will have to fill out the FAFSA form every year you’re in school in order to stay eligible for federal student aid.

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How do I know if I get financial aid from fafsa?

To check the status of your Free Application for Federal Student Aid (FAFSA®) form, go to fafsa.gov and select the “Log In” button. … To check on the status of financial aid being disbursed to you or your account, check with the financial aid office at your college or career school.

What is a financial aid package?

A financial aid package is the total amount of financial aid (federal and nonfederal) a student is offered by a college or career school. The school’s financial aid staff combines various forms of aid into a “package” to help meet a student’s education costs.

What happens if you Cannot pay back student loans?

Let your lender know if you may have problems repaying your student loan. Failing to pay your student loan within 90 days classifies the debt as delinquent, which means your credit rating will take a hit. After 270 days, the student loan is in default and may then be transferred to a collection agency to recover.

What happens if your EFC is 0?

Any person with an EFC number at 0 will receive the maximum amount of student aid, while a number over 5273 will result in no aid at all. The numbers, and the amount awarded, fluctuate annually. The closer you can get to zero, the more federal dollars you’ll have to help pay for tuition and fees.

What should you do if you find you are having difficulty making your student loan payments?

Student loan repayment can be stressful, but you have some options if you’re having a tough time. You can contact your loan servicer, change your repayment plan, and look into loan forgiveness. Or you can consider loan consolidation, deferment or forbearance.

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What do I do with my SAR report?

If you submitted your FAFSA online, go to the Make Corrections to a Processed FAFSA section of the Federal Student Aid website. If you received a paper version of your SAR, you can make the changes directly on the paper, and mail the corrected SAR back to the address listed on the form.

What to do if there is an error on your SAR?

What if I find a mistake on my Student Aid Report (SAR)? If you review your Student Aid Report (SAR) and find a mistake, you’ll need to correct or update your Free Application for Federal Student Aid (FAFSA®) form.

What happens after you get your SAR?

Once your FAFSA is processed by Federal Student Aid, your SAR is sent to the colleges that you listed on your FAFSA. Each college will use the information on your SAR to determine your eligibility for federal and nonfederal student aid.

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