Applying for Financial Aid

Eligibility Requirements

The priority processing date is March 1 for the upcoming academic year. Requests for financial aid completed after March 1 will be processed on a rolling basis.

NEOMED’s Financial Aid office follows the US Department of Education’s policy when determining students eligibility for federal student aid programs. Institutional policies regarding student eligibility can be found in our resource library.

Application Forms

☑ The 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.

Excluding Parental Data on the FAFSA

While students attending NEOMED are classified as independent due to their degree of study, it is strongly encouraged to continue providing parental information on the FAFSA to qualify for scholarships and low interest rate subsidized loans that must go to students who demonstrate the strongest financial need. There are circumstances where a student can exclude parental data and still qualify for need-based aid. Please see these conditions outlined below:

• Age 26 before June 1, 2021
• Federal Pell Grant Lifetime Eligibility Used at or above 150%*
• Veteran of the US Armed Forces
• Married
• 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:

1. Log in at studentaid.gov and Complete Account Verification process if necessary
2. Click View Your Aid in the right hand column to access your Aid Summary dashboard
3. Click GRANTS to view federal grants
4. Review the percentage of Pell Lifetime Eligibility Usage (LEU) you’ve used.

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.

Professional students: Please note that you must provide parent data to be considered for the Loan for Disadvantaged Students as well as the Primary Care Loan and the Health Professions Students Loan. If parent data is omitted, you will not be considered for these funds.

Request for Special Circumstance

The U.S. Department of Education permits financial aid offices to review and approve amendments to a student’s FAFSA if there are mitigating financial circumstances not represented on the FAFSA application. Students should review the Request for Special Circumstance Policy to see if they qualify for a review of their FAFSA data and complete the Request for a Special Circumstance Form when submitting their appeal.

NEOMED Application Forms

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 2021-2022 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 acctg@neomed.edu or 330.325.6369 to review, change or rescind the authorization.

☑ 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.

Students will need to confirm their identity prior to in depth counseling, either by showing their NEOMED or government issued photo ID, or by confirming personally identifiable information if counseling occurs over the phone.  Family members disclosed on the FERPA release will need to confirm demographic information of the student prior to the disclosure of FERPA protected data.

☑ 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 prior-prior year 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.

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.

Securely Submitting Financial Aid Documents

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:

1. Hand deliver to the NEOMED Financial Aid Office during regular business hours (M-F from 8-5)
2. U.S. Postal Mail to: NEOMED, Office of Financial Aid, 4209 SR 44, PO Box 95, Rootstown, OH 44272
3. Securely upload a file through Banner Self-Service. Select Personal Information from the menu, and then select Secure Document Upload. Choose type of document to upload, then press submit. A green box will appear in the upper right corner to let you know that your document was submitted successfully.

2021-2022 Financial Aid Application Checklist and Timeline*