Monmouth University uses the Free Application for Federal Student Aid (FAFSA) as its primary application for all aid programs; no supplementary applications are required. All students may file the FAFSA on the federal government's Web site at www.fafsa.gov.If you do not intend to file for financial aid, please notify our office.
The FAFSA may be filed as early as January 1 for each year the student intends to enroll. Monmouth University does not have established deadlines for processing financial aid and we recommend preparing your federal tax return prior to completing the FAFSA in order to take advantage of the IRS data retrieval process.The IRS data retrieval process transfers income information directly from the IRS to the FAFSA, further streamlining your application and, possibly, reducing or eliminating the amount of additional documentation required.
Eligibility for federal student aid is based on financial need and several other factors. The most basic eligibility requirements to receive federal student aid are that a student must:
The FAFSA is completed using the student's federal income tax return and, when applicable, returns filed for the student's spouse or parents, and should also include Monmouth University’s Title IV school code (002616). Students are encouraged to retain a copy of the online submission confirmation page for their records.
Note that the U.S. Department of Education randomly selects applications for verification. The verification process entails the comparison of actual financial data to that supplied on the FAFSA. Students selected for this process will be notified by the Financial Aid Office, and will be asked to supply a federal tax transcript, a completed federal verification worksheet, or other documents as requested.Tax transcripts may be requested directly from the IRS by clicking HERE.If during this review discrepancies are discovered, they will be corrected to reflect the data on the official documentation. These corrections may result in a change—either an increase or decrease—in the student’s aid. In some cases, the aid may not change. Changes to aid will be communicationed to the student via either a revised award letter or direction to the student’s WebStudent account.