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Timeline of Events for Future Students

Deadlines, time frames, and resources for critical financial aid events like when to apply for loans, fill out the Free Application for Federal Student Aid (FAFSA), and when students can expect to view their financial aid packages.
  • January

    January – March

    Taxes First. FAFSA Second.

    An accurate Free Application for Federal Student Aid (FAFSA) starts with completed federal taxes. We recommend importing your tax information with the IRS Data Retrieval Tool. Apply for Financial Aid.

    January – December

    Search for Scholarships

    You will automatically be considered for scholarship funds from our office when we review your FAFSA. Other money from outside sources may be available but knowing where to look is key. Remember; never pay anyone to do a scholarship search for you. Search for Scholarships.

  • February

    February – April

    Accepted Student Presentation: Learn about Penn State’s Financial Aid Process

    If you have been offered admission to Penn State, this video explains our financial aid process. Watch video.

    Complete the Consent to do University Business Electronically. This consent must be completed in order to use LionPATH.

    Complete the Financial Responsibility Agreement (FRA). This promise to be responsible for your student account must be completed every term you enroll.

  • March – April

    March 1

    Your FAFSA is Due!

    Aid packaging for new students begins late-March. Have your FAFSA submitted on time for the greatest consideration! How to Apply for Financial Aid.

    March – April

    Aid Packages Available for New Students

    You will receive an email late March when your Award summary for the 2016-17 academic year is available on LionPATH. If you are beginning in summer, your summer aid will be posted to your account in May.

    March – June

    Summer Aid for New Students

    If you are a new student and will be starting in summer, please complete the 2015-16 FAFSA for summer eligibility.

    March – August

    Accept Your Federal Direct Loans

    For your funds to disburse, you must complete Entrance Counseling and sign your Master Promissory Note.

  • May

    May 1

    Deadline for State Grant for PA Residents

    Pennsylvania residents must have their FAFSAs submitted by May 1st. About the PA State Grant.

  • June

    June – August

    New Student Orientation

    This video is quick overview of Penn State's financial aid process. It is shown to first-year students and their families during the New Student Orientation. Watch video.

    June – October

    Respond to Verification Requests

    You may be required to verify the information on your FAFSA. Please send only requested information to our office.

  • July

    July – August

    Pay Your Bill

    To complete your registration, you must pay your tuition and fees through the Bursar. Pay my bill now.

    July – August

    Apply for Loans

    If you are a dependent student, your parent can apply for a Parent PLUS Loan. The Parent PLUS request form is available on eLion. Alternative loan applications are made through private lenders’ websites. Compare Parent PLUS and Private Loans.

  • August – December

    Aug – Sep

    Get Your Refund

    If your registration is complete and there are no holds on your account, your refund will be available on the first day of classes. Visit the Bursar.