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Financial Aid Pacific College makes every effort to assist students with financial resources to complete their educational goals. Most, but not all, financial aid is based on financial need as determined by the Free Application for Federal Student Aid (FAFSA). Financial need can be defined most simply as the difference between the total cost of attendance and those resources that a student and his/her family are expected to provide toward their cost of attendance. Funding to attend school are a shared responsibility between the financial aid sources and that of students and their families. The Financial Aid Office coordinates various types of federal, state, institutional, and private financial assistance programs through the awarding process. Its goal is to balance compliance of regulations and students' financial needs. There are restrictions on eligibility for most financial aid programs offered at Pacific College. Students are expected to understand of their rights, responsibilities, and restrictions of the aid programs in which they participate. Financial aid funds awarded at Pacific College are intended to be supplementary. All aid applications undergo a process of need -analysis calculation to determine (a) the eligibility to receive federal student aid and (b) the minimum amount of resources that students are expected to contribute toward the total cost of their education. Students should not expect their total financial need to be met by resources available through federal student financial aid programs. If a student obtains a loan to pay for an educational program, the student will have to repay the full amount of the loan plus interest, less the amount of any refund. If a student receives federal student financial aid funds, the student is entitled to a refund of the monies not paid from federal financial aid funds. Application Process for Federal Student Aid Programs All students interested in obtaining financial aid for their education at Pacific College must do the following: 1. Fill a Free Application for Federal Student Aid (FAFSA) The FAFSA is online at: https://fafsa.gov/. A student must obtain a Federal Student Aid (FSA) ID and password to access to the website. The FAFSA school code for Pacific College is 032993. 2. Gather all information a student may need when filing for the FAFSA, such as: (a) Driver's license; (b) Social security number; (c) Parents' social security numbers and birthdates; (d) Family's federal income tax returns; (e) W-2 forms; (f) Bank statements; (g) Information on family's investments (if applicable). 3. Submit the FAFSA online. The electronic FAFSA will be processed within approximately 3-5 days. 4. Students who received financial aid from the previous year should receive a renewal email notice from the Department of Education to renew the FAFSA online. All financial aid students must submit the FAFSA every year in college. 5. Students may be asked to provide additional documents and/or information to the Financial Aid Office after the FAFSA is filed. The additional requirement comes from the Department of Education via a process called verification. Pacific College is subject to compliance in the verification process. Students selected for verification will have 14 days from the date of notification to provide all necessary documents. Students who fail to return requested documents will not get reviewed for financial aid package. 16 2020-2021 Catalog Pacific College