Financial Aid Brochure 2020-21

IMPORTANT STEPS IN THE FINANCIAL AID PROCESS

1. Your Taxes Federal 2018 year tax information will be needed to complete your FAFSA.

Fill Out and Submit Your FASFA Go to studentaid.gov to complete the FAFSA.

Word of Life Bible Institute School Code: 011859 (for both NY and FL) Be sure to fill out the FAFSA with accurate information. Tax and Income information has to be exact for the FAFSA to be approved. Use the IRS Data Retrieval Tool (DRT) for faster processing. 2. Log Into Financial Aid Solutions When you submit an application for admissions, you will be assigned a Student ID Number. To log in, use your Student ID Number and click “first- time user” to establish a password. Keep these available for future use. Financial Aid Solutions ( wol.is/solution ) has everything you will need to complete your Financial Aid. For questions regarding Financial Aid Solutions, please contact the Financial Aid office at finaid@wol.org or 1.800.331.9673 . 3. Submit Requested Financial Aid Documents There may be additional required documents you will need to submit to the Financial Aid office to finish your Financial Aid process. Documents can be submitted at wol.is/finaidupload . You can find these documents listed under the “Documents” tab on Financial Aid Solutions ( wol.is/solution ). 4. Complete A Scholarship Application After you have submitted your FAFSA, you may submit a scholarship application, which can be accessed at wol.is/finaidapp . Give priority to the FAFSA process, as scholarships are not considered until it has been approved. 5. Complete Loan Steps After your FAFSA has been approved and your scholarships have been processed, you will have an accurate picture of your remaining financial need. You may accept or decline loans at this time. Additional instructions for the loan process will be provided in your College Financing Plan and on your Financial Aid Solutions account.

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