Financial Aid FAQs

How do I apply for financial aid?

Complete a Free Application for Federal Student Aid (FAFSA). This can either be done via the internet at www.fafsa.ed.gov or by obtaining a paper copy from Cogswell. The Cogswell Polytechnical College Title IV code for the FAFSA is 001177.

Can I complete the FAFSA if I have not yet completed my taxes?

Yes. You may estimate income information in order to complete the FAFSA. Be sure to update this information after your taxes have been completed.

Must I be accepted for admission before I apply for financial aid?

No. However, you must be admitted to receive a final financial aid award letter. Otherwise, the Financial Aid Office will only provide you with a pre-award letter offer.

Do I have to apply for financial aid each year?

Yes. Your financial situation must be reassessed each year.

I want to apply for a scholarship only. Do I have to fill out the FAFSA?

No. However, to be considered for scholarships where financial need is a criteria, you must complete the FAFSA.

I know I filled out a FAFSA and sent it in at least four weeks ago, but I have not received a Student Aid Report (SAR). What should I do?

Call the US Department of Education's Public Inquiry Contractor: 800.4.FED.AID or check on-line at www.fafsa.ed.gov.

What is an Expected Family Contribution?

This is the amount that the federal government has determined your family can contribute to your education throughout the year.

What is a promissory note?

A promissory note is a signed legal document that indicates your promise to repay your student loan and formalizes your agreement to abide by its terms and conditions. The Stafford Loan Master Promissory Note (MPN) is a contract between you and your lender and is good for either a single or multiple academic years.

What is a disclosure statement?

A disclosure statement is an estimate of the actual cost of your loan and includes interest rates, fees, loan balance, and the size and number of payments. Due to the variable nature of interest rates and your individual circumstances, the actual cost of the loan may change.

Can I prepay my student loan?

Yes. You have the freedom to prepay all or part of you loans without penalty.

Who I contact if I have more questions regarding Financial Aid?

You may contact the Cogswell College Financial Aid Office directly at 408.541.0100 x107 and we will provide you with detailed Financial Aid assistance.