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Federal & State Aid

Federal & State Aid

Federal Programs

All federal awards are determined by financial need as calculated using the information supplied on the FAFSA (Free Application for Federal Student Aid).

Federal Stafford Loans: These 3.76% fixed rate loans enable students to borrow directly from the Department of Education. Interest accrues on the unsubsidized Stafford loans while the student is in school. Student loan repayment is deferred until six months after graduation or after a student stops attending college at least half-time. Additional unsubsidized Stafford loans are available to dependent students whose parents are not approved for the Federal PLUS loan. This loan is in addition to the student's Federal Stafford Loan.

All first-time borrowers are required to complete Entrance Counseling and a Master Promissory Note at studentloans.gov. School certification is required for disbursement and will take place after the loan application process is complete. 

FAFSA Process and Requirements for Federal Verification

The U.S. Department of Education uses the IRS Data Retrieval Process, which allows students and parents to have IRS tax data transferred into the FAFSA. When completing the FAFSA at www.fafsa.ed.gov, students will be prompted to use the retrieval process if they are eligible to do so. We strongly encourage students to utilize this process if at all possible. When completing the FAFSA online using the retrieval process, pop-up boxes will appear in situations where additional information is needed that is not available from the IRS data.

The Department of Education randomly selects FAFSA records for a process known as "verification." Colleges are required to confirm or verify specific data elements from the FAFSA according to current federal regulations. The Office of Financial Aid is not able to accept copies of tax return documents. Students selected for verification will be required to submit official IRS transcripts for themselves and their parents to the college unless they use the data retrieval process and do not make any changes to that data. All students selected for verification will need to complete a Verification Worksheet (find one on the Financial Aid Forms page) and will be notified if additional documents are needed.

All students receiving federal aid must maintain Agnes Scott College's Standards of Satisfactory Academic Progress.