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Financial Aid

Montana EOC Money Tree

Playing the
Financial Aid Game
The Simple Dollar
College Students Guide to Understanding and Building Your Credit Score
MT EOC Dollar Sign Does Student Loan Consolidation Save Money?
MT EOC Dollar Sign How to Consolidate Student Loans: Pros and Cons
MT EOC Dollar Sign Rising Cost of College and Student Debt
MT EOC Dollar Sign Strategies for Paying off Student Loans Faster
MT EOC Dollar Sign Student Loan Consolidation Guide


To Be Eligible To Receive Federal Student Aid, You Must...
  • Be a citizen or eligible noncitizen of the United States.

  • Have a valid Social Security Number. (Students from the Republic of the Marshall Islands, Federated States of Micronesia, and the Republic of Palau are exempt from this requirement.)

  • Have a high school diploma or a General Education Development (GED) certificate, or have completed homeschooling. If you don’t, you may still be eligible for federal student aid if you were enrolled in college or career school prior to July 1, 2012. Go to http://studentaid.ed.gov/eligibility/basic-criteria for additional information.

  • Be enrolled in an eligible program as a regular student seeking a degree or certificate.

  • Maintain satisfactory academic progress.

  • Not owe a refund on a federal student grant or be in default on a federal student loan.

  • Register (or already be registered) with Selective Service, if you are a male and not currently on active duty in the U.S. Armed Forces. (Students from the Federated States of Micronesia, the Republic of the Marshall Islands and the Republic of Palau are exempt from registering; see www.sss.gov for more information.)

  • Not have a conviction for the possession or sale of illegal drugs for an offense that occurred while you were receiving federal student aid (such as grants, loans, or work-study). If you have such a conviction, you must complete the Student Aid Eligibility Worksheet to determine if you are eligible for aid or partially eligible for aid.
Many types of federal student aid, such as the Federal Pell Grant or subsidized loans where the government pays the interest while you are in college, also require you to have financial need. Additionally, once you have a bachelor’s degree or a first professional degree, you are generally not eligible for Pell or Federal Supplemental Educational Opportunity Grants (FSEOG).

Other requirements may apply. Contact the financial aid office at your college for more information.
To Complete The Free Application For Federal Student Aid (FAFSA), You Will Need:

  • Your Social Security Number

  • Your Alien Registration Number (if you are not a U.S. citizen)

  • Your most recent federal income tax returns, W-2s, and other records of money earned. (Note: You may be able to transfer your federal tax return information into your FAFSA using the IRS Data Retrieval Tool.)

  • Bank statements and records of investments (if applicable)

  • Records of untaxed income (if applicable)

  • A Federal Student Aid PIN to sign electronically. (If you do not already have one, visit www.pin.ed.gov to obtain one.)

If you are a dependent student, then you will also need most of the above information for your parent(s).



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Last Update: 17-Feb-2017
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