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ME MORE ABOUT THE PROCESS |
1.
The FFNA Application
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Your school will need an FFNA application packet for each family
that is requesting financial aid. (You will not need a packet for
parents who apply on-line.) The application packet consists of an
“Application for Financial Aid” form, an instruction
booklet, a Payment and Tracking Envelope, and a return envelope
in which to mail back the completed application.
The parents return
the completed form directly to FFNA along with a copy of their most
recent federal income taxes and their processing fee. (Those who
apply on-line must use a valid credit card.) The processing fees
are as follows: |
Regular
processing (paper application only) is $20.
(Assessment returned to your school in approximately four weeks.)
On-Line
Regular processing is $30.
(Assessment returned to your school in approximately two weeks.)
Fast
Back processing (available both in the paper application as
well as the
on-line application) is $40.
(Assessment will be returned to the school in
approximately two to three business days.)
2.
The FFNA Process
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Upon
receipt of the application, FFNA reviews the financial data and
recommends financial aid based on a standard method of computation.
The formula used to determine our recommendation is based on your
tuition structure rather than national norms. Sample
Application
After final review,
FFNA sends your school an individual Parent Report giving our recommendation
for each family that applies for aid (Sample
Parent Report). A cumulative Board Report is also available
upon request or can be printed off the web (Sample
Board Report).
REMEMBER
… the school maintains control. All reports are sent
to your school, not to the families. You can adjust our
financial aid recommendations depending upon the funds you have
available. |
3.
The FFNA 24 Hour On-Line Access
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On-Line
Access to Tracking and Cumulative Board Reports:
Because of the sensitivity of the reports, each school
is asked to name a contact person with whom our staff works in case
there are questions. All Parent Reports are sent to this individual.
Other contact people may be listed by the school in case the main
contact is unavailable. The main contact is given a username
and a password so that your school can go on-line
every day if you desire to see and print off the following information:
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a.
Tracking Report … This report shows every
family from your school that has applied for financial aid, the
date that the application was received in our office, and the
type processing that was requested (Regular or Fast Back). It
also tells the status of that application (i.e., if the application
has been processed and the date the assessment was sent to your
office; if the application is pending and the reason that it is
pending).
b.
Tracking Report of those awaiting process …
This report lists only those families whose applications have
not yet been processed.
c.
Cumulative Board Report … This report gives
an accumulation of all the families from your school who have
applied for financial aid as well as a running total of the amount
of aid recommended by FFNA. |
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Demonstration
available on-line of the Tracking and Board Reports. You must
use the following information below to access the school login
area:
Username:
info@ffna1.com
School ID: 1527
Password: Demo
Click here
to begin the demonstration.
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What
if FFNA’s recommendations exceed the school’s budget?
FFNA offers a free service called The
Adjusted Rate which will allow schools to stay within their budget.
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