As of October 3, 2012, FTS was approved by the U.S. Department of Education to participate in the Federal funding and grants programs authorized by Title IV of the Higher Education Act of 1965.
Faith Theological Seminary’s (FTS) Financial Aid Office has one simple goal: to provide current and prospective students with the best possible assistance to facilitate their education goals.
The most common form of aid is the William D. Ford Direct Loan Program (Direct Loans) and Pell Grants. This aid is administered directly through the U.S. Department of Education. These loans are also referred to as Direct Loans or by the name Title IV Aid which refers to the Federal code that governs the administration of federal funds for educational purposes. These names – Direct Loans and Title IV funds – may be used interchangeably to refer to the federal aid we administer here at FTS.
All students who wish to receive Title IV funds must first complete a Free Application for Federal Student Aid (FAFSA). The FAFSA collects financial and other information used to determine a student’s eligibility for aid. A student may also complete a FAFSA by visiting www.fafsa.ed.gov. You must first acquire a PIN (personal identification number) either by visiting www.pin.ed.gov or clicking on “PIN SITE” or following the instructions after selecting “Start Here” on the FAFSA homepage. Once a PIN is obtained it is important to keep a record of it in a secure place as it will be needed for the secure completion of several online tasks required in the financial aid process. You will need copies of your most recent IRS tax return to complete the FAFSA. The student who has completed their most recent tax return will be able to view and transfer their tax information into their FAFSA.
Financial Aid at Faith Theological Seminary – Step by Step Process
Step One: Materials needed for the Free Application for Federal Student Aid (FAFSA)
- A state issued driver license or personal ID card
- Social Security Card
- Two References (name, address, & phone number)
- Previous year’s tax return
- Title IV code: 036673 (Use this code for Faith Theological Seminary)
- Previous academic records (school names & locations)
- Social Security Numbers of Parents and Spouse
Step Two: Free Application for Federal Student Aid (FAFSA)
- Go to the FAFSA website
- Start a New FAFSA account
- If you do not already have a Personal Identification Number (PIN), create one when prompted
- Login to FAFSA with your account
- Complete the FAFSA online application
- Make sure you have received a confirmation email from FAFSA
Step Three: Virtual Financial Aid Office of Faith Theological Seminary (VFAO)
- Go to the VFAO website
- Register now if you are a new student to this site
- Login to VFAO with your account
- Complete the Student Interview process
- Complete the Master Promissory Note when prompted (during Interview)
- Make sure you have received a confirmation email from VFAO
Financial Aid Considerations
The ideal time to submit the application is between January 1 and March 1 to receive priority consideration for the next academic year. The FAFSA may be submitted after March 1. If you need guidance on the FAFSA application process, a 2012 – 2013 FAFSA Tutorial is available for viewing. This tutorial will take you through the 7 Easy Steps to the FAFSA.
You and your parent will need to apply for a Personal Identification Number (PIN). The PIN is your electronic signature. By using electronic signatures, the application is processed more quickly. You can also make corrections online and print a copy of your Student Aid Report (SAR). If you have email, the PIN will be sent to your e-mail address within 48 hours. If not, the PIN will be mailed to your mailing address. You are considered a dependent by the Department of Education up to age 24. After you obtain your PIN(s), you can apply electronically for federal student aid at FAFSA on the Web. Visit the PIN website.