Filling Out the FAFSA Application
To be considered for any federal financial aid you must complete the Free Application for Federal Student Aid (FAFSA)
Complete FAFSA on the Web (www.fafsa.ed.gov) as soon after January 1 as possible. The priority date at CMC for applying for financial assistance is March 31 for the following academic year (fall through summer semesters).
Make sure you have completed your Colorado Mountain College admissions application.
What Information is Requested From You and Your Parents?
Sometimes students and parents are surprised or dismayed when they are asked to furnish personal financial information to obtain financial aid. Please understand that most or all of the data is sought from you to meet the requirements of the federal government and to insure that the financial aid programs are administered fairly to all students. The federal need analysis formula utilizes information about your family’s income, assets, benefits, and exemptions to determine how much (if any) discretionary income the family should contribute to educational expenses.
In order to fill out the FAFSA, you will need:
The CMC school code: 00450600
Your Social Security Number (as well as your parents’ if you are a dependent student)
Your driver’s license
W-2 forms or other records of money earned
Your federal income tax information from the IRS Data Retrieval Tool (DRT) (Note: If you haven’t yet filed your taxes, you may estimate amounts, but you must correct any discrepancies once you have definitive numbers from your tax return.)
Your parents’ federal income tax information from the IRS Data Retrieval Tool (if you are a dependent student)
Your untaxed income records (Social Security, Temporary Assistance to Needy Families (TANF), welfare benefits, veterans’ benefits)
Current bank statements
Current information about any businesses (including farm income), investments (stocks/bonds/etc), real property, and mortgages.
Your alien registration number or permanent resident card (if you are not a U.S. citizen)
Every year the U.S. Department of Education pulls a certain percentage of applications for a verification process. If you are selected for verification, you will be required to furnish documentation for the information you entered on the FAFSA. If additional documentation is required, you will receive an email with the appropriate link(s) to the form(s) needed. Be sure to keep copies of all forms, tax returns, etc. that you used as references when filling out your application.
Financial Aid awards are made for one year or less. All recipients must re-apply for assistance each academic year.
Summer Semester Financial Aid Application Process
To request assistance for the summer term, you must submit a separate summer application and a Free Application for Federal Student Aid if you have not already completed one.
The summer application is available online in the Financial Aid Forms & Links section in the “General Forms” folder.
Funds are limited and may not be available in the summer. However, you may be eligible for a Federal Pell Grant or a student loan.