One of the most important questions you can ask as a prospective college student is “How can I check my financial aid status?” Fortunately, checking your financial aid status is very simple. After submitting your FAFSA application, you can log on to the FAFSA® website and use your Federal Student Aid (FSA) identification to check your aid status.
Check My Financial Aid Status Online
If you decided to submit your FAFSA® application online, you’ll be able to check financial aid status within three to five days. You can visit the FAFSA® website and login using your FSA.
On the FAFSA® website, navigate to the My FAFSA®page, where you can see several statuses. If your status is listed as “Processing,” wait a few days and then check again. However, the following image resembles what your student portal will look like when you log into your FAFSA® account after your application has been processed. In April, you will be mailed a final award letter that will outline your financial aid status.
How to Check My Financial Aid Status With My School
A few weeks after your FAFSA® application has completed processing, the schools you listed on your application will receive a copy of your Student Aid Report (SAR). You will also receive a copy of this report, either electronically or via mail.
If you want to view your online SAR copy, click on “View or Print your Student Aid Report (SAR)”, which can be found below your current application status. When you click on “View or Print your Student Aid Report (SAR)”, your SAR will look similar to this:
Once the indicated schools have this information, you might be able to check your financial aid status by logging into your student portal. After receiving your SAR, your school might also send you a financial award letter that will inform you how much financial aid you will receive.
If you haven’t received your financial aid award letter within 2 – 4 after receiving your SAR, please contact your school’s financial aid office. Sometimes schools need additional information before sending out the financial aid award letter to the student. When you reach out to your school’s financial aid office, ask for “An update on the status of your award letter”. By then, they will inform you if you need to provide additional information in order to receive your award letter. The award letter will include the federal grants and loans you qualify for based on your FAFSA® info.
Checking your financial aid status is crucial when planning your educational future. Whether you check online or wait for your final SAR via mail, understanding your financial status will make it easier to choose what school you will attend and whether you’ll need to apply for additional funding.