Start Your FAFSA

The Financial Aid Process

1. Create Your Federal Student Aid ID

The FSA ID has replaced the former PIN. If you have a Federal Student Aid PIN, you can enter it and link it to your new FSA ID.

2. Fill out the Free Application for Federal Student Aid (FAFSA) Form

• Cambridge College's school code is 021829.
• Watch Video: How to Fill Out FAFSA Form
• For assistance, call the FAFSA hotline at 800-433-3243.

Note: If you receive any assistance not listed on your offer (such as a scholarship from an outside organization), you must notify us of this additional resource.

3. Complete Entrance Counseling

All new students must complete entrance loan counseling before loans are awarded. This is a federal requirement, even if you borrowed from other schools.

4. Sign the Master Promissory Note for the William D. Ford Federal Direct Loan

For assistance, call Direct Loan Applicant Services at 800-557-7394.
 

Financial Aid Verification

Any student, chosen either by the federal government or the Financial Aid Office, may undergo verification. This process enables financial aid counselors to cross-check the information from your FAFSA with the documents you supplied for accuracy.

Learn More About Verification

Awarding Policies

You will receive a financial aid offer for the academic year.

Accepting your award: No formal acceptance is required; it's assumed you accept the full package unless you notify us otherwise. Pay attention to the award letter for important steps.

Declining your award: Email your financial aid counselor from your Cambridge College email to decline any part of your award.

Reduction in Enrollment

Reducing your course load may result in a reduction or cancellation of your aid.

How Funds are Disbursed

• Financial aid awards are typically posted to student accounts on the Monday following the Add/Drop deadline.
• Please note that loan agency disbursements may take 10-14 business days to reach Cambridge College.
• Federal funding is received and processed by the college on Mondays.
• Once posted, Cambridge College has 14 business days to issue refunds for any eligible excess funds.