Financial Aid

Please Note: It generally takes 2 – 3 months, from the point that you submit your complete financial aid application, until PIHMA receives your first financial aid disbursement on your behalf.
In order to file for financial aid, please follow these steps:

1. COMPLETE YOUR FAFSA at www.fafsa.ed.gov
PIHMA SCHOOL CODE: G36175
This process requires you to use PIHMA’s school code (G36175) Once completed, (which could be anywhere up to an hour or more) you will receive the information and a notice of completion via email. (PIHMA will receive your information within two (2) – five (5) business days.)

2. COMPLETE the corresponding Financial Aid Handbook for the FAFSA you completed:
Below you find a website were you must complete a new MPN for the academic year.

https://studentloans.gov/myDirectLoan/index.action

All financial aid students must complete the Master Promissory Note and complete the Entrance Counseling sections, which is all located on left side of the website page. Please contact me as soon as you complete the two steps.

3. COMPLETION REVIEW: If your financial aid application is deemed incomplete by either the federal government, you will receive an email regarding missing forms. You will receive an email once your application is complete.

4. ELIGIBILITY AND ACCURACY REVIEW: When your application is complete, the Financial Aid Assistance (FAA) will contact you concerning your eligibility amounts and verify the amount you wish to collect through out the entire academic year. If FAA has questions, FAA will email or call you regarding accuracy or eligibility. Please check email/voice mail regularly because there may be issues with the accuracy or eligibility of your forms. All conflicts of data must be resolved. You may have to make corrections to your FAFSA/SAR and/or submit supporting data to the FAA.

5. CERTIFICATION: The FAA completes the necessary paperwork and faxes the forms to be completed by PIHMA’s financial aid consulting service. Which then certifies your student loan and submits it electronically to your guarantor and/or lender.

6. AWARD LETTER: FAA/ASA sends you an award letter detailing your financial aid award along with your right to cancel the loan.

8. DISBURSEMENT: The lender will send financial aid to PIHMA electronically into PIHMA’s financial aid accounts. This process could take anywhere up to 14 business days. Please do not contact PIHMA until after the 14 day grace period to see if it has arrived.

9. DELIVERY: The PIHMA financial officer will deduct any outstanding balance from your financial aid. If there is financial aid left over, the accountant will email you via your PIHMA email. Your refund check can be picked up at the front desk where you will also sign your award letter.