Florida A&M University School Code: 001480
FSA ID REPLACES FEDERAL STUDENT AID PIN
For students, parents, or borrowers who have to log in to a U.S. Department of Education website – like Free Application for Federal Student Aid (FAFSA) at fafsa.ed.gov
, the National Student Loan Data System (NSLDS®
) at https://studentaid.gov/
, and log into your account. They will be asked to create new log-in credentials known as the FSA ID.
The FSA ID – a username and password – benefits you in four ways:
- It removes your personally identifiable information (PII), like your Social Security number, from your log-in credentials
- It creates a more secure and efficient way to verify your information when you log in to access to your federal student aid information online
- It gives you the ability to easily update your personal information, like your phone number, e-mail address, or your name
- It allows you to easily retrieve your username and password by requesting a secure code be sent to your e-mail address or by answering challenge questions
Creating an FSA ID is simple and only takes a few minutes. You’ll have an opportunity to link your current Federal Student Aid PIN to your FSA ID, and even if you have forgotten your Federal Student Aid PIN or don’t have one, you can still create an FSA ID.
The final step in creating an FSA ID is to confirm your e-mail address. You will be sent a secure code to the e-mail address entered when you create your FSA ID. Once you retrieve the code from your e-mail account and enter it – confirming that your e-mail address is valid – you will be able to use this e-mail address instead of your username to login, making the log-in process EVEN simpler!
Remember, your federal student aid account information is valuable. Only the owner of the FSA ID should create and use the account, and you should never share your FSA ID.
For more information about the FSA ID, please visit StudentAid.gov/fsaid.
LOAN ORIGINATION FEES
Effective October 1, 2019, loan origination fee rates for the first disbursement of all loans made on or after October 1, 2019 and before October 1, 2020 are 1.059 percent for Direct Subsidized and Unsubsidized Loans and 4.236 percent for Direct Parent PLUS and Graduate PLUS Loans.
2020-2021 AWARDING PROCESS
The Office of Financial Aid will issue a financial award notification to First Time In College students with completed files after January 1, 2020 and returning/ transfer students by May 15, 2020. Awards for returning students will be available on iRattler. An e-mail will be sent to all returning students to remind them to view and accept their awards online. To help facilitate this plan, please respond promptly to all electronic correspondence from our office concerning your financial aid eligibility status. We encourage you to review your iRattler account periodically for updates.
After May 15, 2020 all awards will be made on a weekly basis and will be available for review on iRattler. Please remember you must accept or decline your loans.