| A limited amount of institutional funds are available to M.D. and M.P.H. students based on financial need.
All M.D. and M.P.H. students are required to submit parental information to be considered for institutional financial aid. We need to know your family's financial situation regardless of your dependency status, so we can make intelligent decisions about the equitable distribution of financial aid resources. If all students were "independent", we would be unable to determine who came from a family that has been historically economically disadvantaged.
If you do not wish to be considered for institutional funds and/or feel you will not qualify for these funds, then you should only fill out the student’s section of the FAFSA form. YOU DO NOT NEED TO FILL OUT THE PARENT’S SECTION OF THIS FORM.
An important financial aid concept is the family, to the extent it can contribute, has primary responsibility for financing the cost of the student's education. We consider parental (and spouse's, if applicable) income information on all (includes technically independent students) M.D. and M.P.H. students.
In estimating the amount your parent(s) are able to contribute to your educational expenses, their income, assets, debts, family size and number of family members in college are considered.
Students working part-time are expected to contribute toward their educational expenses. Their spouse's income and a portion of any assets including equity in real estate, stocks, bonds and other securities; business and farm equity; cash, and bank account is considered a resource.
The Expected Family Contribution (EFC) is based on the FAFSA Form computerized analysis of income and asset information that the family provides on the form. It is an estimate of the dollar amount you and your family are expected to contribute toward your education. This information is used to determine your eligibility for institutional financial aid only.
NOTE TO STUDENTS: TAX RETURN NOT COMPLETED
If you, your spouse, and/or your parents have not completed a 2007 U.S. income tax return but will be filing one, it is recommended that you complete your tax return before filling out the appropriate need analysis form. Knowing what will be on your tax return will help you to fill out the need analysis form accurately. When your need analysis form is compared with the official 2007 IRS Form 1040, or 1040EZ that is filed by you and your family, the financial information must agree. If there are any errors, this may delay the processing of your financial aid. If this happens, it will take longer to determine whether you are eligible for institutional and federal student aid. It could mean a delay in getting student financial aid.
In order to apply for financial aid, all applicants must complete the following steps:
I. Complete the MSM Financial Aid Application
ll. Complete the Selective Service Certification
lll. Complete the appropriate section(s) of the FAFSA Form. (Any student applying only for the Federal Subsidized Stafford Loan, Federal Unsubsidized Stafford Loan, and the Alternative Loan Program should complete the Student Section of the FAFSA ONLY!)
- All students should complete the FAFSA via the Internet using the PIN obtained from the Department of Education.
PLEASE NOTE: YOU MUST COMPLETE THE PARENTS' SECTION ON THE FAFSA IF YOU WISH TO BE CONSIDERED FOR INSTITUTIONAL FINANCIAL AID. (M.D. and M.P.H. Students Only.)
IV. Submit copies of the 2007 Federal Income Tax Return(s)
- You must submit copies of all W-2 forms, 1099 forms for student, spouse and parents.
- You must submit a signed copy of your return.
- You must submit a signed copy of your spouse's return (if applicable).
- You must submit a signed copy of your parent(s) return. (Only for those students who wish to be considered for institutional funds.) M.D. and M.P.H. Students Only.
- ALL tax returns must be signed and dated.
- ALL tax returns must include all forms and tax schedules submitted to IRS (including copies of all W-2 forms, 1099's, etc.)
Nonfiler Certification
V. If any of the persons listed above required to submit tax returns, have neither filed nor intend to file a 2007 Federal Income Tax Return, they must complete a Nonfilers Certification Form. (W-2 forms and 1099 forms must be submitted to verify all taxable and untaxable earnings, interest income payments, annuities, etc.)
VI. Complete the Federal Stafford Loan Application along with all other documents and return it to the Morehouse School of Medicine's SFAO.
All the necessary forms should be submitted to the Morehouse School of Medicine, Student Fiscal Affairs Office, 720 Westview Drive, SW, Atlanta, Georgia 30310-1495.
If it is necessary for the Morehouse School of Medicine's SFAO to clarify or verify any information you have provided, we will send you other forms requesting additional information. You should complete and return those forms promptly so that we may determine your eligibility for financial aid.
Financial aid files will be considered incomplete until all requested information is received.
NOTE: Please include your name, address, telephone number, and Social Security number on all documents and forms that you submit to the Student Fiscal Affairs Office.
PROCEDURES FOR CONTINUING STUDENTS TO HAVE FUNDS AVAILABLE AT REGISTRATION
It is our intention to ensure that students have funds available to them at the time of registration. The success of this plan requires students to process their financial aid application prior to the deadline(s).
The deadline dates for submitting all Financial Aid documents are outlined on page 2. The deadline date for students to submit all documents is 4/22/08. ALL M.D. and M.P.H. STUDENTS WHO WISH TO BE CONSIDERED FOR INSTITUTIONAL AID SHOULD ENCOURAGE THEIR PARENTS TO FILE THEIR INCOME TAX RETURN EARLY. The tax return is necessary in order for us to match the information submitted on the FAFSA. This will prevent you from having to resubmit the FAFSA for recalculation.
If the FAFSA needs to be recalculated this may delay the processing of your loan applications. Under no circumstances will we be able to process the loan applications until the appropriate Need Analysis Form is returned and it matches the information on the tax return.
WE CANNOT GUARANTEE FUNDS WILL BE AVAILABLE TO YOU AT REGISTRATION IF YOUR FILE IS INCOMPLETE AFTER THE ESTABLISHED DEADLINE DATES.
All loan applications should be completed and forwarded to the SFAO no later than 6/2/08. This will allow lenders sufficient time for processing.
Funds may not be disbursed prior to registration.
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