APPLY FOR AID & TYPES OF AID

FAFSA

To apply for financial aid (see below for types of aid), complete the Free Application for Federal Student Aid (FAFSA). The application is free.  Beware of sites requesting payment to file the application. Make sure you are on http://www.fafsa.ed.gov.

To complete the FAFSA you will need:
  • A federal FSA ID  from the Department of Education. Parents of dependent students will also need a federal FSA ID if they wish to sign electronically.  Create an FSA ID
  • All income records, including but not limited to, your federal tax return, W-2s, SSI, VA Benefits, etc) for the previous calendar year to the school year you are applying for aid.
  • Dependent students will need to provide parents’ income records, SSN and DOB.
  • If you (and your parents) filed a tax return, use the IRS Data Retrieval Tool (DRT) to transfer your federal income tax information from the IRS to your FAFSA. Watch this video about using the DRT on your FAFSA.
  • HTC's school code is 010491, this code will allow the FAFSA information to be sent to HTC.  We have one code for our Brooklyn Park and Eden Prairie locations.
  • A FAFSA on the Web worksheet is available to help you gather your information before starting the FAFSA.

FAFSA

Need Help?

We're here to help you fill out the FAFSA, just attend one of our FAFSA Complete Sessions.  We offer these session Wednesday mornings and Thursday afternoons at both campuses.  Registrations for a session is required and you must arrive during the first hour of the session to allow enough time to complete your FAFSA.

If you're not able to attend a session, check out the FAFSA FAQs.

FAFSA Complete Session

What's Next?

After completeing the FAFSA, you will receive a Student Aid Report (SAR) from the Department of Education.  The SAR is a summary of the answers you provided on the FAFSA.  If you need to make a correction log on to your FASFA or contact our office.

The school recieves the FAFSA results 3-5 business days after you submit it.  When we recieve it we'll send an email to you letting you know to log on to eServices to view the status of your financial aid.  To utlitize eServices you'll need a StarID.  If you don't have one, apply for admission to HTC (it's free) and then activate your StarID. 

After the FAFSA

Award Information

Once all the necessary information is submitted to the Financial Aid Office, an email notification will be sent to you to let you know you can view your award information online through eServices.
 

Award Information

 

Types of Aid

When you fill out the FAFSA you are applying for more than one type of aid.  Listed below are the types of aid you are applying for when you complete the FAFSA:

Grants
A grant is a type of aid that does not need to be repaid. Award amounts are based on enrollment levels for each semester.

  • Pell Grant - A federal need based grant awarded to students who have not received a bachelor’s degree. Completion of the FAFSA is required for this grant.
  • Federal Supplemental Educational Opportunity Grant (SEOG) – A federal grant for Pell eligible students with exceptional financial need. Limited funds are available so complete the FAFSA early. Completion of the FAFSA is required for this grant.
  • Minnesota State Grant – A state need based grant awarded to MN residents who have not attempted more than four academic years of post secondary education. Completion of the FAFSA and the State Grant Questionnaire are required for this grant.
  • Post Secondary Child Care Grant Program – A state need based grant to assist students with child care costs. Completion of the FAFSA and the Post Secondary Child Care Grant Application are required for this grant.
  • Loans
    A loan is a type of aid that requires repayment. All applicants for loans, except parents applying for PLUS loans, are required to file a Free Application for Federal Student Aid (FAFSA). Loan eligibility cannot be determined until the information from the FAFSA is returned to our office by the federal processor, and has been reviewed. A minimum of six credits each semester is required for the federal and state loan programs.

  • Federal Direct Subsidized Stafford Loan - A subsidized loan is awarded on the basis of financial need. Students won’t be charged any interest before repayment begins or during deferment periods. The federal government “subsidizes” the interest during these periods.
  • Federal Direct Unsubsidized Stafford Loan - An unsubsidized loan is not awarded on the basis of need. Students will be charged interest from the time the loan is disbursed until it’s paid in full. If a student chooses not to pay interest while in school or during other periods of nonpayment, it will be capitalized. This means the interest will be added to the principal amount of the loan, and additional interest will be based on that higher amount.
  • The chart below shows the maximum award amounts based on credits earned for Dependent and Independent Students.  Courses for which a grade of W or a grade of F were received are not included in credits earned.  The award for one term is the maximum yearly amount divided by two.

     

    Dependent Students Who Have Earned: Maximum Yearly Stafford Loan Amount: (Subsidized and/or Unsubsidized)
    Up to 30 Credits (Grade Level 1) $5,500
    31 or more Credits (Grade Level 2) $6,500
    Independent Students Who Have Earned: Maximum Yearly Stafford Loan Amount: (Subsidized and/or Unsubsidized)
    Up to 30 Credits (Grade Level 1) $9,500
    31 or more Credits (Grade Level 2) $10,500
  • Parent Loan for Undergraduate Students (PLUS) Loan – This is a loan for parents to take out in their own name. They may apply for this loan to help finance their child’s education up to the cost of attendance.  A credit check may be required. Repayment begins shortly after the loan is fully disbursed.
  • Work Study
    Work study is a form of financial aid paid to a student as wages from working at an on campus job. A minimum of six credits each semester is required for the work study program.

    Scholarships
    A scholarship is a type of aid that does not need to be repaid. Students may apply for scholarships to help with their cost of education. These scholarships are provided by the college or outside contributors to students based on criteria determined by the donor.

    For more detailed information please refer to:


    Last updated by bscheffler : 2015-07-01 10:35:22