Applying for Financial Aid
For the 2020-2021 academic year, the priority processing date is March 1. Requests for financial aid completed after March 1 will be processed on a rolling basis up to and through the beginning of classes.
2020-2021 Free Application for Federal Student Aid (FAFSA):
Students (and parents) must have a Federal Student Aid ID (FSA ID) prior to completing the FAFSA. Create an FSA ID and then complete the FAFSA at https://studentaid.ed.gov/sa/fafsa or on the myStudentAid app. NEOMED’s Title IV code is G24544. We strongly recommend using the IRS Data Retrieval Tool to transfer IRS data. This will ensure accuracy and streamline the application process.
In addition to completing the FAFSA, students are strongly encouraged to review and complete the following items on Banner Self-Service under Financial Aid, click Requirements. Students will be provided login information for Banner Self-Service once they have been admitted.
☑ Consent for Electronic Communications:
The preferred method of communicating financial information to students is through electronic means. Financial information includes, but is not limited to financial aid offers, student authorizations, missing application notices, direct loan notifications, and consumer information.
We encourage students to consent on Banner Self-Service to use electronic communications, however this is a voluntary selection. If we do not receive consent, then all communication regarding financial information will be sent via USPS standard mail to the local address on file. In the event a local address is not provided, we will use a permanent address. Students are responsible for updating their address in Banner Self-Service.
Your decision on consent for electronic communication can be completed on Banner Self-Service under Financial Aid, then click on Award, click on Awards for Aid Year, select the 2020-2021 Academic Year, and then click on Resources/Additional Information.
☑ Title IV Authorization:
Federal regulations allow schools to use federal financial aid to pay for tuition and mandatory fees related to degree programs. However, students must authorize the use of federal student aid to pay for other charges such as: medical insurance, printing charges, parking, and overdue library fines, etc. This authorization excludes charges associated with certificate coursework. Once authorization is given, students may contact the Accounting Department at email@example.com or 330.325.6369 to review, change or rescind the authorization.
☑ 2020-2021 FERPA Release:
In accordance with the Family Educational Rights and Privacy Act (FERPA) we protect the privacy of student education records by requiring prior written consent before disclosing specific details about financial aid and tuition statements to anyone other than the student. Students may complete the FERPA Release to specify the individual(s) with whom we may share protected information. We will not release information regarding your financial aid or student tuition account with anyone unless we have authorization to do so.
☑ 2020-2021 Need-Based Aid Application:
Need-Based Aid is financial aid offered based on financial need as determined by the Office of Financial Aid. Include parent information on the FAFSA and Need-Based Aid application. Use the IRS Data Retrieval Tool.
Students and parents who are unable to use the IRS Data Retrieval Tool should obtain 2018 Tax Return Transcript(s) directly from the IRS website: http://www.irs.gov/Individuals/Get-Transcript. Tax Return Transcripts differ from the tax return filed with the IRS, and are available either online or by postal mail. Once received, use one of the acceptable methods of submitting to the Financial Aid Office (see Requests for Information section below). Transcripts cannot be uploaded.
Some students may qualify to omit parent information from their application and still be considered for Need-Based Aid. Details on the qualification and request process are on the Need-Based Aid application.
Some students may qualify to exclude parent information on the FAFSA if at least one of the following criteria is met:
- Age 26 before June 1, 2020
- Federal Pell Grant Lifetime Eligibility Used at or above 150%*
- Veteran of the US Armed Forces
- Have children or other dependent who will receive more than half of their financial support from you
- Since turning the age of 13, you have ever been an orphan or ward of the court.
*To view your Pell Lifetime Eligibility Used (LEU) percentage, log in to the National Student Loan Data System (NSLDS). Your Pell LEU will be found on the Financial Aid Review page.
If you meet one of the criteria, please request approval to apply for Need-Based Aid without parent data on the Need-Based Aid application. Your circumstance may require additional verification.
College of Medicine students: Please note that you must provide parent data to be considered for the Loan for Disadvantaged Student as well as the Primary Care Loan. If parent data is omitted, you will not be considered for these funds.
While your application is being processed, you may be asked to provide additional documentation or information. Your financial aid may be placed on hold or withdrawn if the information requested from you is not provided in a timely manner. To ensure protection of your information, students who are asked to provide confidential information (social security number, tax information, etc.) to NEOMED should either:
- Hand deliver to the NEOMED Financial Aid Office during regular business hours (M-F from 8-5)
- U.S. Postal Mail to: NEOMED, Office of Financial Aid, 4209 SR 44, PO Box 95, Rootstown, OH 44272
- Encrypted file transfer through email
- Send via Fax to 330.325.5956
Disclosure of Confidential Information
As part of the financial aid application process, students must complete a FERPA release form before we are able to release confidential information to anyone other than the student. Both the student and their designee(s) will be asked to provide identifiable information to University representatives in Accounting and Financial Aid before information is disclosed. This includes the student’s date of birth, last four digits of their social security number, address, phone number or email address, etc. Students will be required to show their NEOMED ID or state issued identification card when visiting the office.