How to Apply for Financial Aid
To receive need-based aid, you must file the Free Application for Federal Student Aid (FAFSA).
Need-based aid includes funding from Taylor Fund Grants, Taylor Endowed/Annual Scholarships, Federal Pell and SEOG grants, Indiana State Grants, Federal Direct Loans, and Federal Work Study. All need-based amounts are subject to change based on federal regulations.
The scholarship priority filing deadline for the FAFSA is February 1 each year. The filing deadline for need-based grants from Taylor or the state of Indiana is April 15.
1. Apply and be Accepted to Taylor
Financial aid packages will not be awarded until admission acceptance is finalized, but a student may begin the financial aid process before that time.
2. Get Your FSA ID
The FSA ID is used to confirm your identity on the FAFSA and related documents. Students and parents must make their own FSA IDs. Create yours.
3. File Your FAFSA
File the FAFSA as soon as possible after October 1. Go to studentaid.gov, log in with your FSA ID, and use the “IRS Data Retrieval Tool” to simplify the process.
- Be sure to indicate that you want a copy of your FAFSA sent to Taylor University (code: 001838).
- The priority filing deadline for endowed scholarships from Taylor is February 1 each year.
- The filing deadline for need-based grants from Taylor or the state of Indiana is April 15.
- Note: Some families may be selected for the verification process.
4. Check Your Status
After November 1, begin checking your financial aid status under the “Your Documents” tab in MYFA (My Financial Aid Online site).
5. Apply for Student Loans
Apply for loans beginning May 15 through MYFA. To ensure that your loan(s) appear on your account when the bill is sent, we recommend that you complete the loan process by July 1.
6. Notify Taylor
Notify the Financial Aid Office of any outside or private scholarships, grants, or loans you receive.
Financial aid packages are processed on a rolling basis beginning on November 1. Students should receive their package within four weeks of submitting all required documents.