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Financial Aid FAQs

 
What is Verification?
Definition and Purpose
•     Verification is a process used to check the accuracy of the information that a student has given when applying for federal financial aid.
•     If during the verification process it is determined that inaccurate information was in fact provided to the federal government corrections may be necessary.

Applicant Selections
Broward College is a Quality Assurance Institution and the US Department of Education has given BC authority to set its verification criteria.

Verification Process
Students can be selected for verification by both the US Department of Education and Broward College. Students who successfully utilize the IRS Data Retrieval Tool will not fall into our selection criteria and will not have to submit verification documents. Students who do not utilize the IRS Data Retrieval Tool and fall into our selection criteria will be required to submit the necessary verification documents.
What is Student Aid Report (SAR)?
(SAR) Student Aid Report—summarizes the information included in the FAFSA and contains your EFC. When you receive your SAR, check it for any mistakes. If you find a mistake, make the correction(s) on the web at www.fafsa.gov​
What is Expected Family Contribution (EFC)?
(EFC) Expected Family Contribution—A measurement of your family's financial strength, and is used to determine your eligibility for need based aid. You receive an EFC based on the processing results of your FAFSA. Your EFC can be found on your confirmation page once your FAFSA is submitted or on your SAR, or online at www.fafsa.gov.​
What is Cost of Attendance (COA)?
Cost of Attendance (COA) is an estimate of the combined costs of direct and indirect educational expenses.  It takes into account your basic living expenses, such as:  housing, transportation, etc. Students are not allowed to receive aid that exceeds their cost of attendance. Use the Net Price Calculator for help.
What is Institutional Student Information Record (ISIR)?
(ISIR) Institutional Student Information Record- contains the information submitted on the FAFSA and the EFC as well as other information regarding financial aid eligibility. The ISIR is electronically transmitted to the school.​
When can I start the renewal process for my FAFSA using the IRS Data Retrieval Tool?
The FAFSA is available by the first week in January each year. Check the FAFSA home page for IRS Data Retrieval Tool availability.
Where can I get help completing my FAFSA?
 
Click Here for some general information on the FAFSA.

If you need in person assistance please visit one of our financial aid office locations.
 

Broward College does not discriminate on the basis of race, color, ethnicity, genetic information, national origin, marital status, sex, disability, or age in its programs and activities.
For information regarding the non-discrimination policies and Title IX please click the link below:
http://www.broward.edu/studentresources/rights-and-responsibilities/Pages/reporting-sexual-misconduct.aspx