2016 – 2017 FINANCIAL AID INFORMATION
On behalf of the Office of Financial Aid Team, Welcome to Touro University Nevada! We are excited you have chosen Touro University Nevada to obtain your degree. We strongly encourage ALL students to complete the FAFSA even if you are not interested in student loans. Students who complete the FAFSA have the opportunity to work on campus as a work-study student. In addition, some external scholarship agencies contact the Office of Financial Aid to confirm if a student applicant has financial need; the FAFSA is our tool to determine if a student has need or not. You will receive additional instructions as you progress through the financial aid process. You will need to complete the financial aid application process by May 1, 2016 to guarantee that the Office of Financial Aid has adequate processing time.
2016 – 2017 FINANCIAL AID APPLICATION PROCESS
STEP 1: Obtain your FSA ID
You will need to create your FSA ID online at https://fsaid.ed.gov. The FSA ID suffices as your electronic signature when completing your FAFSA. Your request for a FSA ID can take up to 3 business days for processing. The FSA ID does not change from year to year, unless you choose to update, and you will need it for various financial aid processes.
STEP 2: Prepare and File your Tax Return
- Non-Tax Filers:Students who will not file a 2015 Tax Return can complete the 2016-2017 Free Application for Federal Student Aid (FAFSA) now.
Proceed to Step 3.
- Tax Filers (READ CAREFULLY):Students who will file a 2015 Tax Return are strongly encouraged to complete and file their tax return with the IRS BEFORE completing the 2016-2017 FAFSA.File your 2015 Tax Return, as early as possible.We suggest you wait 3 – 4 weeks after submitting your tax return to the IRS; this will enable you to use the IRS data retrieval tool when completing your FAFSA. If you are a tax filer and do not use the IRS data retrieval tool, this may delay the processing of your aid; we strongly encourage you to use this tool.Proceed to Step 3. You are ready to complete your 2016-2017 FAFSA.
STEP 3: 2016-2017 FAFSA Completion
Complete your 2016-2017 FAFSA by the May 1, 2016 priority file date to provide the Office of Financial Aid adequate processing time. When completing your FAFSA use the following School Code:
School Code: 041426 (Touro University – Vallejo, CA) – This is not a typo! You must select the Touro University – Vallejo, CA school code.
NOTE: Some students will be selected by the U.S. Department of Education to have information reported on the FAFSA documented (e.g., citizenship, selective service registration, social security number verification, student loan default, etc.). Other students may be selected for a process called Verification. If your FAFSA is selected for Verification or you need to verify any information reported on your FAFSA you will be notified via your Student Aid Report. You will also receive a letter from the Office of Financial Aid requesting that you submit documentation for review.
Proceed to Step 4 to learn more about the financial aid process.
STEP 4: Award Notification
Once the OFA receives a valid FAFSA your financial aid eligibility will be determined and you will be notified via the email along with instructions on how to accept, decline, or reduce your offered aid. We will use the email on file with Admissions until you are provided with a Touro email, at which time we will only send notifications using your official Touro email account.
Proceed to Step 5 to determine how much aid you need to accept.
STEP 5: How much financial aid do I really need?
Plan early. Before you receive your award notification you need to begin thinking about how much aid you really need to cover your tuition, fees, and living expenses. Before you accept or decline the financial aid you have been offered, complete the attached interactive budget worksheet to assist you with identifying how much money you will need to borrow for the 2016-2017 academic year. Estimated Cost of Attendance information is available online in the Tuition and Fees section to assist you with properly planning and budgeting for the upcoming academic year.
**Remember if you find that you did not accept enough financial aid initially and you requested less than your designated cost of attendance you can always request additional funds by visiting the Office of Financial Aid.
STEP 6: Entrance Counseling & Master Promissory Notes (NEW STUDENTS –NEW LOAN BORROWERS)
All FIRST TIME BORROWERS must log onto www.studentloans.gov and complete entrance counseling for each loan type – Subsidized/Unsubsidized Stafford Loans and Graduate PLUS loans. You will also need to complete a Master Promissory Note for each type of loan you decide to use to fund your education. This means you will need to sign TWO MPNs if you are borrowing both Stafford (subsidized and/or unsubsidized) and Graduate PLUS loans. Use the Touro University Nevada’s LOAN CODE of E01879 when completing your counseling and MPNs.
The Office of Financial Aid Team looks forward to working with you as you prepare to begin your 2016-2017 Academic Year. Please do not hesitate to contact us with any questions that you may have throughout the financial aid process. We can be reached by calling 702.777.3076 or by email at firstname.lastname@example.org. Office hours are from 7:30am – 5:30pm Monday through Thursday and 8:00am – 3:00pm Friday.