Susan E. Thomas CPA
Newsletter
Financial Aid Calendar

If your child will be applying for financial aid for college, here's a calendar highlighting the important tasks to be done during senior year of high school.

September October November
Create a timetable of financial aid deadlines for each college

Obtain an FSA ID at fafsa.ed.gov as a prerequisite for submitting the FAFSA online

Obtain a username and password at collegeboard.org as a prerequisite for submitting the CSS Profile online
Gather last two years of tax returns for parent and student

Complete and submit the FAFSA as soon as possible after October 1

Complete and submit the CSS Profile if student is applying to college early action or early decision
Research college and private scholarships and gather supporting materials (students may be considered for college scholarships automatically when they apply)
December January February
Complete and submit the CSS Profile if student is applying regular decision

Complete additional college-specific aid forms, if any
Complete and submit private scholarship applications

Review Student Aid Report (SAR) from FAFSA showing your expected family contribution (EFC)
Verify that all required federal and college financial aid forms have been submitted, and submit any additional documents as requested

Continue to complete and submit private scholarship applications
March April May
Watch for college acceptances; if acceptance contains offer of merit aid, make sure to understand requirements of any merit scholarships

Receive financial aid award letters from colleges detailing financial aid package; read each award letter carefully

Watch for notifications from private scholarship sources
Compare financial aid awards by comparing out-of-pocket costs at each college as well as total overall costs

Decide on a single college!

Sign and return financial aid award letter
Contact financial aid office to confirm all paperwork is in

Notify financial aid administrator of any changes in circumstances that may affect your family's ability to pay EFC
June July August
High school graduation! Student signs student loan promissory notes, if applicable

Student receives federal student loan counseling, if applicable
Congratulations! Off to college!


Prepared by Broadridge Investor Communication Solutions, Inc, Copyright 2011