Filing the Free Application for Federal Student Aid (FAFSA) is the single most important step college applicants can take toward receiving federal aid funds (loans, grants and work-study) and aid directly from Transylvania University. There is still time for families — regardless of income — to fill out the free form online at no cost.
The FAFSA automatically qualifies your student for low-interest federal student loans if they ever need it. It also is the first step to qualify you for a federal parent PLUS loan, which can be used to help pay college costs. Virtually every applicant to Transy who completes the FAFSA is offered some form of aid, with an average package of approximately $30,000 per year.
“No matter the cost of the colleges and universities you are considering, you will not pay the sticker price,” says Vice President for Admissions Johnnie Johnson “Filing the FAFSA provides some of the best financial resources to bring those costs down to an affordable level.”
As part of its mission to deliver a world-class liberal arts education at an affordable cost, Transylvania strives to keep its tuition below the national average and provide generous scholarship and aid packages. And the Pioneer Pledge locks in students’ tuition rates and makes sure they graduate in four years to start their careers sooner. Initiatives like those are why it is consistently ranked as one of the best values in higher education.
To start your application, make sure you have Transylvania’s school code ready (001987), then visit fafsa.gov and create your unique FSA ID. From there you’ll answer a series of questions about your family’s demographics, including the previous year’s tax information, and you’re done. Once you’re admitted to Transylvania, you will be sent a comprehensive financial aid offer from the university, which includes all of the scholarships, grants, loans and work-study you’re eligible to receive.
“If students need help, they should feel free to call our financial aid office for assistance on submitting the FAFSA,” Johnson says. “They can help answer any questions or concerns.”
Visit Transy’s FAFSA page for more information and a video that will help guide you through the process. And check out five tips for filling out the FAFSA.