How do I apply for financial aid?
You must complete a Free Application for Federal Student Aid (FAFSA). Maranatha recommends completing the form online. Be sure to include Maranatha’s school code, 016394.
When do I need to apply for financial aid?
You should apply as soon as possible after January 1st of the year you plan to attend. Note that you will need your current tax information.
What is a PIN and where do I get one?
A PIN is a personal identification number that you will need to electronically sign your FAFSA. PINs can be requested online.
Do I need to file my taxes before I complete the FAFSA?
No, it is not a requirement; however, Maranatha recommends doing so. You may complete the FAFSA by using estimated income information. When you file your taxes, you should review the income information originally reported and make any necessary changes.
What is verification and why was I selected?
Verification is a process by which Maranatha verifies the accuracy of the FAFSA information that a student has submitted. FAFSAs can be chosen for verification by the Federal Processor or by Maranatha. You will need to complete a verification worksheet and submit signed copies of your and your parents’ federal tax forms. If you are chosen for verification, you should respond promptly to requests for information to prevent delays in processing.
Do I qualify for financial aid if I am attending part-time?
If you are enrolled for six credits hours (half-time status) or more, you will probably qualify for some form of financial aid. To be eligible to receive the aid you must complete a FAFSA.
How will I receive my financial aid money?
For most financial aid programs, the money is paid directly to Maranatha. Maranatha then credits your account for the amount of aid received. Loans, grants, and scholarships that are for the entire academic year often will be paid in two disbursements, half for each semester.
What is an entrance interview, and how do I complete one?
First-time Stafford loan borrowers are required to complete an entrance interview. The interview covers the borrower’s rights and responsibilities concerning his or her Stafford loan. Entrance interviews may be completed online.