Applying for Financial Aid

Federal Student Aid and the FAFSA

Many students apply for some form of federal student aid in financing their School of Mines education. The first step in applying for federal financial aid is to complete the Free Application for Federal Student Aid (FAFSA). Students and parents are encouraged to complete the FAFSA as early as possible after completing their federal tax returns, but no sooner than January 1 prior to the year that attendance at the School of Mines will begin (for example: complete the 2016-2017 FAFSA as soon as possible after completing your 2015 Federal Tax Return, but no sooner than January 1, 2016). Early submission of your FAFSA may improve (but in no way guarantees) your opportunity to receive a Perkins Loan, a Federal Supplemental Educational Opportunity Grant (FSEOG), or Federal Work-Study. All other Federal Aid Programs at SD Mines (Pell Grant, Subsidized and Unsubsidized Direct Loans, Direct Parent PLUS Loan and Direct GRAD PLUS loan) are awarded without consideration of when a student files their FAFSA.  (Beginning with the 2017-2018 school year, the FAFSA may be completed as early as October 1, 2016; for 2018-2019 as early as October 1, 2017 and so on.  This will enable students and their families to more accurately complete the FAFSA knowing that they would have already filed their Federal Tax Returns, if required to file, prior to completing the FAFSA.  Because 2017-2018 is a transition year for this new process, families will use 2015 Federal Tax Return information on both the 2016-2017 and 2017-2018 FAFSA.)

Before Applying:

  1. Check out “ 7 Easy Steps to the FAFSA,” a useful online tutorial.
  2. Get a Federal Student Aid FSA ID at https://fsaid.ed.gov. All students who do not already have a FSA ID, as well as one parent for dependent students, are required to apply for their own FSA ID. This will be used as an electronic signature on the online FAFSA or Renewal FAFSA . (If you lose or forget your FSA ID, you can go to the FSA ID website and request that it be sent to you again.)

    Then:

  3. Go to https://fafsa.gov to submit your application online. Though .pdf and paper options are available on the FAFSA web site, we strongly recommend applying online.
  4. Our school code for the FAFSA is 003470.

Award Start Dates

The tentative date for informing incoming freshman of their Federal Student Aid award is mid-April (all other students are awarded following the spring semester) and on a rolling basis thereafter. However, the start date for awarding may be earlier or later, depending on when the South Dakota Board of Regents are able to meet following the state legislative session in order to set Tuition, Fee, Room and Board rates for the coming year. The Financial Aid Office has no control over variations in the awarding start date for the new academic year. Awards will be processed when your financial aid file is considered complete and ready for aid packaging.

In order to be awarded federal aid of any kind, students must have been fully accepted for admission to SD Mines.

Verification

Your application for Federal Student Financial Aid may be selected by the U.S. Department of Education or SD Mines for review in a process called “verification,” a systematic means of comparing various financial and informational documents with the FAFSA information you provided.  Find information on Verification here.

Drug Convictions and Federal Student Aid

If, during a period of enrollment for which you receive Title IV, Higher Education Act (HEA) Federal Student Aid (whether grants, loans or work-study), you are convicted for any offense under any federal or state law involving the possession or sale of illegal drugs, this will result in the loss of eligibility for any Title IV, HEA grant, loan, or work-study assistance (HEA Sec. 484(r)(1)); (20 U.S.C. 1091(r)(1)).

Finalizing Your Financial Aid Award

If you decide to accept some or all of the financial aid options offered to you, then the next steps you need to take are detailed on our Finalizing Financial Aid webpage.

 

FAFSA School Code

003470

This is the school code to use for the South Dakota School of Mines and Technology when applying for Federal Student Aid.