Apply for Financial Aid 

The most important basic step for all students who wish to apply for financial aid is to submit the FAFSA (Free Application for Federal Student Aid) online. Federal Student Aid is the largest provider of financial aid for college students in the United States. The FAFSA Simplification Act has brought about some major changes to the FAFSA. Because of the many changes, the FAFSA will not be available this year until December, and not the normal date of October 1. Some changes may introduce uncertainty into your financial aid process. Do not worry! Neumann University will be with you every step of the way. 

Neumann’s school code is 0039880 and must be added to your FAFSA for us to receive it and create a Financial Aid Offer specifically for you. 

Navigating the New FAFSA 

The Free Application for Federal Student Aid (FAFSA) is the primary source for determining your eligibility for federal financial aid. The FAFSA must be completed each academic year if you are interested in receiving Federal Student Aid. 

What is the "new" FAFSA you keep hearing about? 

For the 2024-2025 academic year, the FAFSA will be undergoing a lot of substantial changes. In the end, these changes should result in an easier and shorter FAFSA process and more federal aid for many students. But for students applying in 2023-2024 for the upcoming 2024-2025 academic year, the changes will impact your financial aid timeline and process. 

It's our goal to work closely with Neumann families to share information about the new FAFSA in a clear and timely manner. 

Your Student Aid Index (SAI) 

The information you report on your FAFSA is used to calculate a Student Aid Index (SAI) according to a formula set by Congress. The Student Aid Index (SAI) is a replacement for the previous Expected Family Contribution (EFC) and is a calculation of the amount of federal need-based financial aid a student is eligible to receive. Once you complete your FAFSA, Neumann will receive your SAI and identify your eligibility for additional grants or scholarships. 

Completing the FAFSA 

If this is your first time completing a FAFSA, the first steps- which can be taken now- are to create an FSA (Federal Student Aid) ID and get documents ready for the application. Simply go to https://studentaid.gov. The second step- is to watch for the release of the new FAFSA in December. Since an exact date has not been determined, we recommend planning to complete your FAFSA as early as possible following January 1, 2024. 

If you have specific questions on completing your FAFSA you can contact the Neumann University Financial Aid Office or visit the U.S. Department of Education's Federal Student Aid website at https://studentaid.ed.gov