Once you have completed your Free Application for Federal Student Aid (FAFSA) and received an award letter from your school, you probably will be wondering how and when you will receive your federal funding.
To earn your first FSA disbursement, you must demonstrate academic intent. Demonstrating academic intent includes signing a Master Promissory Note, signing a Verification Identity/Statement of Educational Purpose form and participating in your classroom on a regular basis.
By Ryan Laspina
Senior Specialist, Red Flags and External Reviews at APUS
In May 2015, the Department of Education replaced the Federal Student Aid (FSA) Personal Identification Number (PIN) with the FSA ID. This change was put into place to enhance security for studentsâ€™ financial data and reduce the chance of identity theft and fraud. While the change does not have a profound effect on the FSA process, there are a few points that you need to fully understand.