The Financial Aid Process and How to Apply

Saint Leo University’s Financial Aid Office encourages all students to electronically file a Free Application for Federal Student Aid (FAFSA) to determine their eligibility for student aid assistance from federal, state, and private sources.

When you file your FAFSA, be sure to enter Saint Leo University’s federal school code - 001526.

FAFSA Process
Priority Filing Date
Transferring to Saint Leo University

FAFSA Process

  1. The student and parent each apply for a Federal Student Aid PIN
  2. File the Free Application for Federal Student Aid (FAFSA)
  3. Student receives a Student Aid Report (SAR)
  4. Saint Leo University receives an Institutional Student Information Record (ISIR)
  5. Saint Leo University sends the student an award notification or requests additional information
  6. If the student is borrowing Direct Loans, s/he will complete the Direct Loan application process

1. The student and parent each apply for a Federal Student Aid PIN
The PIN is used to electronically apply for federal student aid and to access federal student aid records online. If the student is independent, then his/her FAFSA will not include parent information and a parent PIN is unnecessary.

Students and their parents must go to www.pin.ed.gov to receive their PIN.

  • If a PIN is lost or forgotten a new one can be requested at www.pin.ed.gov.
  • Students and parents should not share their PIN with anyone. Because the PIN will be used to access other federal databases and may be used to sign future federal documents, it must be kept private.
  • Allow 1-3 business days to receive your PIN by email. If you do not request your PIN via email, your PIN will be sent via U.S. mail in 7-10 business days.

2. File the Free Application for Federal Student Aid (FAFSA)

  • EVERY year file the FAFSA after January 1. (Federal and state aid is not automatically renewed.)
  • It is strongly recommended that you file an electronic FAFSA online. However, paper application forms are available upon request. Please allow 4-6 weeks for processing paper application forms.
  • List Saint Leo University on your FAFSA using the university’s federal school code - 001526.
  • After completing the application, “sign” the document electronically using your Federal Student Aid PIN. If you are a dependent student, your parent must also sign the FAFSA using their PIN.
  • It usually takes about an hour to complete the FAFSA. When the FAFSA is submitted electronically it takes about a week for Saint Leo University to receive it. Allow up to two weeks to review and process the award, and more time if you are federally selected for verification. Look for a response from the Financial Aid Office in your Saint Leo student email account.

3. Student receives a Student Aid Report (SAR)
Within 3-5 days of filing the FAFSA online, you will receive a Student Aid Report (SAR) from the office of Federal Student Aid at the U.S. Department of Education. Your SAR will be emailed to you if you listed an email address on the FAFSA. If you did not include an e-mail address, your SAR will be mailed to your permanent address in about 7-10 days. Read the SAR comments to determine whether corrections are required, if the Financial Aid Office is required to collect additional documents from you for verification, or to determine your aid eligibility. The Financial Aid Office will notify you of the next steps.

4. Saint Leo University receives an Institutional Student Information Record (ISIR)
The Saint Leo University Financial Aid Office will receive from the U.S. Department of Education’s Central Processing System (CPS) your processed FAFSA. This is called an Institutional Student Information Record (ISIR). Your ISIR is usually received in about a week from the time you submit your completed FAFSA.

5. Saint Leo University sends the student an award notification or requests additional information
The student will receive one of the following notifications from Saint Leo University:

  • An official award notification with instructions for accepting the award(s)
  • An official letter of notification that you are not eligible for financial aid
  • An official notification that your application was federally selected for verification and/or additional information is needed to determine your financial aid eligibility. The notification will include instructions on the documents that are requested. A complete and signed set of requested documents should be submitted as quickly as possible to avoid delay in the review of your application.

6. If the student is borrowing Direct Loans, s/he will complete the Direct Loan application process
If the award notification includes a Direct Loan(s) the student must accept or reject the loan(s) via eLion. Directions on how to do this will be included in the award notification. Also, if the student is a new borrower at Saint Leo University, s/he must complete the Entrance Loan Counseling and Master Promissory Note (MPN) at https://studentloans.gov.

Priority Filing Date
A new university campus undergraduate student should file a FAFSA as soon as possible after January 1, but no later than March 1 to meet state programs’ and institutional priority filing dates. Students should allow sufficient time to receive their award notification and make payment arrangements.

Transferring to Saint Leo University
A transfer student should add Saint Leo University’s federal school code (001526) to her/his college choice on the FAFSA. Go to www.FAFSA.ed.gov and click on "Add or Delete School Code." You may also notify the U.S. Department of Education by phoning 1-800-433-3243. Ask the customer service representative to add Saint Leo University (federal school code 001526) to your FAFSA. You will have to provide your name, social security number, birth date, and the Data Release Number (DRN) from your Student Aid Report (SAR) to perform this operation over the phone.