Financial Aid Checklist for Future Palmer Students

Making certain that you have met the requirements for enrollment is essential, such as taking the right courses and submitting the necessary paperwork. Getting all of the financial aspects of your education in order is also a top priority, especially if you may need assistance with tuition costs and other college fees. Here is a detailed list of every step in the financial aid process that future Palmer students can use to stay organized and on-track. Palmer_financial_aid

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CALCULATE ALL OF THE COSTS INVOLVED
Make certain that you have an accurate account of the fees involved, such as the cost of tuition, books, supplies, transportation, and other living expenses. If you are obtaining a federal loan, you will also need to calculate the origination and/or interest fees into your expenses as well. Develop a personal budget that outlines all income and expenditures so that you can determine how much of your college tuition and fees still needs to be covered by financial aid.

EXAMINE YOUR FINANCIAL AID OPTIONS
The three common types of financial aid are scholarships, grants, and loans. Carefully assess each option to determine which is right for you and your current financial and academic needs. For example, students with a higher GPA may qualify for a greater number of scholarships. Use online resources to create a list of potential scholarships, including their application deadlines and basic requirements.

APPLY FOR SCHOLARSHIPS
Scholarships do not require repayment and are funded through donations or internally-generated funds. Each scholarship has their own prerequisites and deadlines. As such, it is a good idea to visit their site or request more information by mail to learn more about their application process and qualifications. Check here for a comprehensive list of scholarships offered by Palmer and outside organizations. Those who have served in the military may also qualify for VA Education Benefits.

COMPLETE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA)
The FAFSA must be completed in order to qualify for federal student loans. Visit the FAFSA website to create an FSA login ID, submit necessary information, and upload tax documents using the IRS data retrieval tool. You will also need to input your social security number, driver’s license number, and the Palmer College of Chiropractic’s school code (012300). If approved for financial aid, you will also be able to view your Student Aid Report (SAR) and receive important notifications via the FAFSA site.

COMPLETE FINANCIAL AID ENTRANCE COUNSELING
To receive an unsubsidized student loan, you must first complete Direct Loan Entrance Counseling. Visit the Federal Student Aid site to sign up and request more information or call the Palmer’s Office of Financial Planning for assistance. This requires your social security number and the FSA ID you obtained in the previous step.

COMPLETE DIRECT LOAN MASTER PROMISSORY NOTE
Once you have been approved for a student loan, the Federal Student Aid office requires that you fill out a Direct Loan Master Promissory Note. You will need to provide your social security number, driver’s license number, FSA ID, and two references that have a different address. Students who need additional financial aid may also apply for a Direct PLUS loan, which is credit-based and only available to those who qualify.

APPLY FOR THE STUDENT EMPLOYMENT PROGRAM AFTER MATRICULATION
Palmer College offers a Student Employment Program that gives students the opportunity to work within the community or on campus. This can help to pay for expenses throughout the year or repay loans, but does not cover any charges that are due at the beginning of each term. Program participation is recommended after a student’s first term. Students typically average 5 to 10 work hours per week and are given the chance to gain real world experience while pursuing their chiropractic degree. Speak with the Financial Planning department to learn more about the Student Employment Program.

PARTICIPATE IN THE FINANCIALLY FIT PROGRAM
Palmer offers financial counseling, interactive classes, and a wide range of financial management resources to help students reduce debt and work toward financial stability starting day one of their D.C. education. Students who participate in FinFIT not only learn the skills to manage their personal and business finances wisely, but also become eligible for additional scholarships. Watch for FinFIT event announcements around campus and get help getting ahead, right now.

There are a wide range of financial aid options available for those who may need assistance with their Chiropractic education. It may be wise to start the application process as soon as possible to ensure that you meet all necessary deadlines and secure scholarships while they are still available.

Connect with the Office of Financial Planning with Questions or Concerns
Davenport, Iowa Financial Planning department: (563) 884-5740
San Jose, Calif. Financial Planning department: (408) 944-6023
Port Orange, Fla. Financial Planning department: (386) 763-2701
For more information: www.palmer.edu/admissions/financial-aid/

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