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Important News for New and Returning Students

  • Financial aid students are encouraged to register for their fall 2017 classes if they have not done so already.

 

  • Your gateway to personalized financial aid information, NetPartner, has a new look!

A new menu icon has replaced the module tabs that were previously used by students to navigate the NetPartner portal. 

After logging into ACORN and accessing the "My Financial Aid" link, you must now click on the Menu ☰ icon (located on the upper left hand side of your screen).  As before, you will be able to check the status of your financial aid application, view outstanding and received documents, review/accept/decline/reduce financial aid awards. 

*You must have a financial aid file already on file with COSC in order to access the NetPartner portal.  If you have not already begun the financial aid process, you can get started by completing the Free Application for Federal Student Aid.  Remember to include COSC’s six digit school code, 032343, when completing the form.

 

  • IRS DATA RETRIEVAL TOOL (IRS DRT)

 The U.S. Department of Education and IRS have announced that the IRS Data Retrieval Tool will not be available for the remainder of the 2016-2017 or 2017-2018 FAFSA processing seasons.   This means that FAFSA applicants will not be able to prefill the answers to certain tax questions by transferring data from their federal tax returns.  Students and families should plan for the tool to be offline until the start of the next FAFSA processing season (2018-2019). 

While the Data Retrieval Tool is unavailable, applicants completing either a 2016-2017 or 2017-2018 application should manually enter 2015 tax information (NOT 2016 TAX INFORMATION).

If necessary, a summary of a 2015 tax return, called a tax return transcript, can be downloaded from the IRS with proper identity verification. Additionally, the "Get Transcript by Mail" option can be accessed online or by calling 1-800-908-9946.

For IRS tax return filers who are selected for verification, in lieu of obtaining an IRS tax return transcript, a signed paper copy of the 2015 IRS tax return will be accepted to verify income and tax data.  This applies to both the 2016-2017 AND 2017-2018 processing and verification cycles.

 

  • Changes to Federal Methodology will impact 2016-2017 and 2017-2018 FAFSA Applications:

The Free Application for Federal Student Aid (FAFSA) is changing beginning with the 2017-2018 award year. 

Students no longer have to use estimated tax information in order to complete their FAFSA.  Starting with the 2017-2018 FAFSA, income information will be based on what is referred to as “prior-prior” year income.  For students and their families this means they will be using income from 2015 when they complete their 2017-2018 FAFSA application.

As we transition to this new federal methodology, for one year only both the 2016-2017 and 2017-2018 FAFSA will collect and use 2015 income and tax information.  This means that income and tax data needs to be accurate and consistent between the two award years.  

Students and parents completing either a 2016-2017 or 2017-2018 FAFSA application should manually enter 2015 tax information (NOT 2016 TAX DATA). 

 

 

 

Fall 2017 Financial Aid

Students who expect to start classes on August 28th (Full Semester, Term 1, and Session 1) should review the information below:

April 1: Priority date* for submitting missing documents. Priority consideration of financial aid resources are given to students who apply ON-TIME.  After the deadline, financial aid awards will continue to be made, but all funding sources may not be available.

  • August 11:     Consortium Agreement Deadline
  • August 21:   If anticipated aid is not reflected on your account, alternative methods of payment must be established. 
  • August 24:  Last day to register for FS, T1, and S1 classes.
  • August 25:  FS, T1 and S1 courses dropped for non-payment.  Noon deadline for payments and letters of credit.
  • September 3:    Book Voucher Deadline for students with a FS, T1, or S1 start date.
  • September 18: For students with a semester start date of August 28th (FS, T1, and S1), financial aid disbursements will begin after confirmation of attendance.  Please note that refunds of financial aid will be issued 5-10 business days after this date.

 Students who expect to start classes on October 30th (Term 2) or expect to start classes on November 20th (Session 3) should review the  information below:

  • September 1: Priority date* for submitting missing documents. Priority consideration of financial aid resources are given to students who apply ON-TIME.  After the deadline, financial aid awards will continue to be made, but all funding sources may not be available.
  • October 23:  If anticipated aid is not reflected on your account, alternative methods of payment must be established. 
  • October 26:  Last day to register for T2 and S3 classes.
  • October 27:  T2 courses dropped for non-payment.  Noon deadline for payments and letters of credit.
  • November 5:     Book Voucher Deadline for students with a T2 start date.
  • November 17:  S3 courses dropped for non-payment.  Noon deadline for payments and letters of credit.
  • November 26:  Book Voucher Deadline for students with a S3 start date.
  • November 15: For students with a semester start date of October 30th (T2), financial aid disbursements will begin after confirmation of attendance.  Please note that refunds of financial aid will be issued 5-10 business days after this date.
  • December 4: For students with a semester start date of November 20th (S3), financial aid disbursements will begin after confirmation of attendance.  Please note that refunds of financial aid will be issued 5-10 business days after this date.

Students who expect to start classes on October 9th (Session2) should review the information below:

  • September 1: Priority date* for submitting missing documents. Priority consideration of financial aid resources are given to students who apply ON-TIME.  After the deadline, financial aid awards will continue to be made, but all funding sources may not be available.
  • October 2:  If anticipated aid is not reflected on your account, alternative methods of payment must be established. 
  • October 5:  Last day to register for S2 classes.
  • October 15:     Book Voucher Deadline for students with a S2 start date.
  • October 6:  S2 courses dropped for non-payment.  Noon deadline for payments and letters of credit.
  • October 23: For students with a semester start date of October 9th (S2), financial aid disbursements will begin after confirmation of attendance.  Please note that refunds of financial aid will be issued 5-10 business days after this date.

* If the semester priority processing date is missed, your application will still be accepted and processed, however, we are unable to guarantee that your aid will be posted to your account by the bill due date. You can still take advantage of paying your tuition by utilizing the COSC payment plan in order to meet the College's payment deadline for tuition and fees.

Spring 2018 Financial Aid

TBA