How to Apply for & Accept Financial Aid

Step 1: Complete and e-Sign the FAFSA on the Web

  • Apply as early as possible after January 1 because some of the awards are on a first come, first serve basis. Go to www.fafsa.ed.gov. Our school code is 003531.
  • The FAFSA is FREE do not pay someone to complete it for you. If you need assistance, ask us about the FAFSA Nights we host in January/February or come by our office.
  • The student and the parent (if dependent) must both sign the FASFA. If you don't have a PIN with the Department of Education yet, go to www.pin.ed.gov and apply. Keep your PIN in a secure place where you can retrieve it when needed.
  • You must fill out a FAFSA every year to receive Financial Aid.

Step 2: Submit all requested documents to the Financial Aid and Scholarships Office

  • The government randomly selects about a third of the applications for Verification. If you are selected for verification, we will send you notification with a list of documents that you need to supply. You can also see your outstanding requirements and their status in Banner Self-Service in the Financial Aid section.

Step 3: Awards are made

  • After all requirements are satisfied and the FAFSA is official, awards are made by the Financial Aid and Scholarships Office. First-time students will receive award notifications via US Mail. Returning students will receive their notifications via their UTM email account.

Step 4: Accept your Financial Aid Awards

  • Go to Banner Self-Service at https://banner.utm.edu and follow directions to log-in and access Banner Student Information System
  • Click "Financial Aid" then "Award Information"
  • "Accept Award by Aid Year"
  • Select "Accept Award Offer" tab. Scroll down and accept or decline award
  • First-time borrowers for loans: Follow through with Steps 2 (complete the Master Promissory Note) & Step 3 (Complete online Entrance Loan Counseling) The MPN is good for 10 years and the Entrance Loan Counseling has no expiration.

Notes:

  • Other awards have specific requirements associated with them. Be sure to read carefully when accepting.
  • Periodically check on the status of any outstanding requirements.
  • READ. There are many avoidable errors made when applying and accepting Financial Aid due to not reading. If, after reading, you are still not clear on a question, take the time to call either your school or the Federal Student Aid Information Center at 1-800-4-FED AID (1-800-433-3243). The few extra minutes it takes could save you weeks of delays!
Duplicate Pin

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Grad PLUS

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Exit Counseling

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MPN

How to Fill Out Your Master Promissory Note (MPN)

 

Parent PLUS

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Entrance Counseling

How to Complete Your Entrance Counseling

 

Accept Loans

How to Accept a Loan in Banner