Assistance in paying for the Collective
If you qualify, you could be eligible for federal financial aid to help ease the burden of your investment in tuition.
Eligibility requires that you be a U.S. citizen or eligible non-citizen, and be enrolled in one of The Collective approved programs. You may not be considered for federal student aid if you have previously defaulted on student loans or have exceeded your annual and/or aggregate student loan limits for a particular award year. There may be other considerations and eligibility requirements for each individual applicant.
General Requirements for Receiving Federal Financial Aid
There are several requirements for you to receive federal financial aid. They include:
- Valid Social Security Number
- U.S. citizenship or permanent resident status
- High school diploma or equivalent
- Males between the ages of 18 and 26 must be registered with Selective Service
- Maintaining satisfactory academic progress while attending The Collective
- Satisfactory repayment status of prior Federal student loans
- Satisfactory payment arrangements of prior Federal grant overpayments
- Enrolled in an eligible program of study
FAFSA (Free Application for Federal Student Aid) Application
If you are seeking financial aid, you must complete the FAFSA Application.
This can be done via the Internet by logging onto www.fafsa.ed.gov. In order to submit your application online, you must first apply for a PIN to use as your electronic signature (parents of dependent students must also apply for a PIN). Once you have received your PIN, return to the website to complete your FAFSA and make sure to enter The Collective’s school code: 041315
For additional information or questions about Financial Aid, please visit our step-by-step financial aid guide, or contact our Financial Aid advisor Yahya Alkhansa @ (212) 741 – 0091 X104, or by email at: email@example.com
Applying for financial aid
STEP ONE: Apply for a PIN at www.pin.ed.gov
Both the student and parents need to apply for a PIN to sign the FAFSA electronically.
Parents can use the same PIN for each child filling out the FAFSA.
The PIN application will require personal Information – SS#, Name, Date of Birth, Mailing address, email address
Choose your own 4 digit PIN or have the PIN website assign one to you
Select a challenge question and provide challenge question answer. This is needed if you ever lose or forget your PIN and need to request a duplicate.
Submit the PIN application – You must agree not to share your PIN with anyone. The security of the PIN is important because it can be used to sign financial aid documents. Access personal records, and make binding legal obligations (like promissory notes for student loans that will have to be repaid.)
STEP TWO: Choose how to receive your PIN.
Instantly view online – Confirmation Page says that application was successful and will display PIN number.
Receive an immediate email – email will display link to secure PIN delivery website where you will enter personal information and retrieve PIN online.
Have PIN sent by mail – PIN will be received in 7 to 10 days.
PIN is conditional until verified with the Social Security Administration (1 to 3 days). An applicant can only use the PIN to sign the FAFSA until verified.
STEP THREE: Complete Your Free Application for Federal Student Aid (FAFSA)
Go to www.fafsa.ed.gov
Click on “Start here” button (orange).
Enter first name, last name, Social security number, and Date of Birth.
Start FASFA application
You will need the following information to complete the FAFSA:
- The Collective Federal School Code – 041315
- Your social security card (It’s important that you enter your social security number correctly)
- Your driver’s license (if any)
- Your W-2 forms and other records of money earned
- Your (and your spouse’s, if married) previous year Federal income tax returns:
IRS 1040, 1040A, 1040 EZ Foreign Tax return, or Tax return for Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, the Marshall Islands, the Federal States of Micronesia, or Palau
- Your Parents Previous year Federal income tax returns (if you are a dependent student)
- Your untaxed income records
- Your current bank statements
- Your current Business and investment mortgage information, business and farm records, Stock, bond, and other investment records.
- Your alien registration or permanent resident card (if you are not a U.S. citizen)
When organizing your information, you can print and complete a FAFSA on the web worksheet before you begin entering your information online. However, you are not required to do so. FAFSA on the web will guide you through the questions that you must answer, and you can save your application and return to it later if you don’t have the information you need to complete any of the questions.
Once your FAFSA is completed, processed, and received by the school from the Dept. of Education, we will send you an award letter letting you know of the type of financial aid for which you are eligible.
An applicant can file FAFSA anytime after January 1st of the year that you are starting the program, and the FAFSA needs to be filed each year. For Summer Semester students, FAFSA needs to be filed for both the award year in which the program starts and the award year in which the program finishes.
For further information, please feel free to contact our financial aid advisor, Yahya Alkhansa, at 212-741-0091 X104. Or you can contact Yahya by email at firstname.lastname@example.org
Calculate your total costs with the FASFA4caster
The FASFA4caster is designed to help you get a meaningful estimate of total, out-of-pocket costs, based on your particular financial circumstances and anticipated aid.
How It Works
The calculator first factors cost of attendance including tuition and fees, room and board, books/supplies, transportation and personal expenses. Using Financial Data you enter, the calculator then estimates the amount that you/your family would be expected to contribute to pay school expenses. Finally, the calculator evaluates your eligibility for Financial Aid (need-based) by matching your financial and personal characteristics to the criteria used to determine financial aid awards.
To complete the FASFA4caster you will need to answer some basic questions about you/your family’s financial situation. It may be helpful to have recent tax forms and pay stubs/income statements on hand before you begin.
Please Note: Results from this tool are only an estimate of financial aid eligibility. The accuracy of estimated awards is based on information provided and on the assumption that the student will complete the FAFSA (Free Application for Federal Student Aid). Future costs and financial aid estimates are subject to change. Final eligibility for federal and state financial aid is determined by the U.S. Department of Education. Actual financial aid awards, if approved, may differ from this estimated figure.