April 16th is the suggested deadline for federal loan borrowers to submit the FAFSA and Tepper School Financial Aid Application. Students who do not meet the suggested deadline may still apply. The deadline is set to ensure that students have time to file their federal income tax returns before applying for financial aid and to ensure timely disbursement of loans for the Fall semester.
File your federal income tax return approximately 1-2 weeks prior to submitting your FAFSA (Step 2). Also, if you do not have a federal PIN, request one via www.pin.ed.gov so that you may complete your FAFSA (Free Application for Federal Student Aid) electronically.
Complete the FAFSA (Free Application for Federal Student Aid) at www.fafsa.ed.gov indicating the Tepper School federal code, E00074.
NOTE: FAFSA filers have the option of using an IRS data retrieval tool when filing the FAFSA. It is HIGHLY RECOMMENDED that you use the IRS data retrieval tool. Students who refuse use of the IRS data retrieval tool or who are not able to use the tool because they do not meet the Dept. of Education's eligibility requirements for using the tool may be asked by the school to submit verification materials, including a federally-required IRS tax transcript. A copy of a student's federal tax return is no longer federally-allowable verification of IRS data. IRS matching data for the FAFSA is generally available one to two weeks after submitting your federal tax return electronically.
Complete a Tepper School Financial Aid Application (pdf) and fax it to 412-268-2904.
Receive a Financial Aid Award Letter via email from the Tepper School Financial Aid Office approximately 10-14 business days after submitting both the FAFSA and the Tepper School Financial Aid Application. Incoming students receive their award letters via the email address they have provided on the Tepper School of Business Financial Aid Application. Continuing students receive their award letters via their Andrew email account.
Complete Federal Loan Entrance Counseling via www.studentloans.gov using your federal PIN from Step 1 above. Be sure to indicate that you are a graduate/professional student. When you select your school from the drop down menu, you will have 3 choices for Carnegie Mellon University. It is important that you select “Carnegie Mellon University-Tepper” as your school.
Complete a Master Promissory Note (MPN) via www.studentloans.gov using your federal PIN from Step 1 above. When you select your school, you will have 3 choices for Carnegie Mellon University from the drop down menu. It is important that you select “Carnegie Mellon University-Tepper” as your school. Please note that you are not able to indicate a loan amount on the MPN. The amount of your loan eligibility is provided to you via your Financial Aid Award Letter (see Step 3) and you subsequently indicate the loan amount(s) you want to borrow by submitting the Tepper School Loan Processing Form (see step 8).
If a Federal Perkins Loan is indicated in your Financial Aid Award Letter (Step 3) and you are a first-time Perkins borrower at Tepper, complete Perkins Loan Entrance Counseling and a Perkins Promissory Note via our servicer's website www.ECSI.net using school code Z9, but only after being contacted by the HUB to do so, generally around the start of classes in the semester in which you are first offered a Perkins loan. These documents are not available to students prior to being contacted by the HUB.
Apply for a Grad Plus loan no earlier than June 1st via www.studentloans.gov using your federal PIN from Step 1 above. In order to initiate a credit check, select "Request a Direct Plus Loan." When you select your school, you will have 3 choices for Carnegie Mellon University from the drop down menu. It is important that you select “Carnegie Mellon University-Tepper” as your school. If you receive a favorable credit decision, you must then select "Complete Master Promissory Note" to apply for the loan. You may borrow up to the amount indicated in your Financial Aid Award Letter (Step 3). Credit decisions for Grad Plus Loans expire after 90 days.
All borrowers need to complete the Tepper School of Business Loan Processing Form (pdf) and fax it to 412-268-2904. This form is required in order for your loans to be processed.
Students may be asked to submit verification of any information used to determine their eligibility for federal financial aid. This process is called "verification" and may be required by the US Dept. of Education or may be initiated by the school to resolve conflicting information or to make changes to federal financial aid. In order for the school to complete the verification process, students selected for verification are required to submit an IRS transcript (for the year that corresponds with the FAFSA for yourself and your spouse, if you are married) and a completed Verification Worksheet (pdf) to the Tepper School Financial Aid Office. Additional verification documents may be required. All required and requested documents must be submitted prior to disbursement of federal aid.
The Tepper School Financial Aid Office has the right to request any documentation it determines necessary to verify information provided on the FAFSA and/or other financial aid application materials. Failure to submit requested documents within the award year will result in a decision to deny federal aid. If your financial aid awards change as a result of the verification process, the Financial Aid Office notifies you in writing within 30 days of the award change.