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Apply for Aid

Financial Aid Process for current Midshipmen and Appointees

Step One: Complete the Free Application for Federal Student Aid (FAFSA)

Students wishing to apply for financial aid for the 2015-2016 academic year, should complete a 2015-2016 FAFSA.  Be sure to complete the FAFSA that corresponds to the academic year for which you are applying.  A FAFSA may be filed online at  In addition, for dependent students, you and a parent/guardian will be requrired to obtain a PIN ( number to sign the FAFSA form electronically.

Important things to consider when filing your FAFSA:
-When filing be sure to use School Code #002892.  Also, please utilize the IRS Data retrieval tool when prompted; this will expedite the processing of your Financial Aid.
-The Financial Aid office will use information from your FAFSA to determine the level of aid you are entitled to receive. ALL students, regardless of financial need, are eligible for Financial Aid.
-Financial Aid is calculated utilizing the Cost of Attendance formula.

Financial Need = Cost of Attendance - Expected Family Contribution

The Cost of Attendance (CoA) includes BOTH Billed and Un-Billed Costs (see the Cost of Attendance tab of this website).

The Expected Family Contribution (EFC) is calculated by submitting your Free Application for Federal Student Aid (FAFSA). The EFC is a determination of the costs that a family can reasonably be expected to contribute towards the CoA.

Financial Need is defined by Congress as the difference between the Cost of Attendance and what the family can be reasonably expected to contribute towards that Cost of Attendance.

Once your FAFSA is filed successfully, you will receive a confirmation e-mail from the US Dept. of Education. It is STRONGLY encouraged that you save this email for future reference/records.

Step Two: Financial Aid Award Letter

The Financial Aid Office will review your FAFSA and will determine your eligibility for Federal Student Aid. Provided there are no issues, you will be given an award letter which details the maximum amount of aid you are eligible to receive. While there is no deadline for receiving financial aid, students are encouraged to file in a timely manner in order to receive their aid in time for the commencement of the term.

Once an award letter is received, you may choose to accept or decline the award. You may also choose to accept a partial amount of the award offered. In addition, should you decline to receive an award; you can still accept it at any point throughout the academic year.

Should you choose to accept a Direct Federal Loan, you will be required to complete Entrance Counseling and a to sign an Electronic Master Promissory Note (see step 4). 

In addition, should you choose to accept your award, please e-mail your signed award letter to

Letters may also be mailed or faxed to the Financial Aid office. Please see the Contact Us portion of the Financial Aid page for details.

Step Three: Federal Verification Process

Your FAFSA may be subject to Verification. Verification is a process whereby the Dept. of Education randomly selects FAFSA applicants to submit additional documentation to verify their FAFSA data. Verification is simply an additional step in the Financial Aid process, and should not be viewed as a consequence or punishment. Those applicants selected for verification will receive a self-reporting worksheet to complete and will be required to verify their tax information. It is strongly encouraged that all applicants utilize the IRS Data retrieval tool when filing the FAFSA. This will clarify many issues in the verification process.

Step Four: Completing Entrance Counseling and the Master Promissory Note

New and current students who have not previously borrowed a Direct Loan while enrolled at the USMMA, must complete Entrance Counseling and sign an Electronic Master Promissory Note (MPN).  A Master Promissory Note is a binding legal contract between a loan holder and a borrower. The promissory note contains the loan terms and conditions, including how and when the loan must be repaid. By signing this note, the borrower agrees to repay the loan.

To complete the Entrance Counseling, and file the MPN, please visit the following websites:

Entrance Counseling 

Go online to  Log in using your FAFSA pin number ( Once you log-in, select the link “Complete Entrance Counseling” and follow the instructions.

Electronic Master Promissory Note

Log-in to select the link Complete Master Promissory Note and select Subsidized/Unsubsidized and follow the instructions. Note: MPNs are valid for ten years. Once you have an MPN on file, you will not need to complete one for later years.

Step Five: Financial Aid Disbursements

Financial aid is disbursed after students have met all requirements.
These requirements include:
- Signing & returning the award letter to the Financial Aid Office. This may be done via e-mail, fax or via postal carrier. Email is the preferred method.
- Be enrolled Full-time at USMMA; Midshipmen on Sea Term are considered to be Enrolled Full Time.
- NOT in a Leave of Absence or Medical Leave of Absence status.
- Completing verification (if required).
- Completing the Entrance Counseling and Master Promissory Note (Subsidized and Unsubsidized Loan recipients only).
Financial aid is disbursed in equal installments for each tri-mester. Initial disbursements for each term are scheduled 3-4 weeks following the start of a term.  Subsequent disbursements resulting from new awards or adjustments to financial aid awards are made on an ongoing basis throughout the academic year.

Last updated: Thursday, October 4, 2018

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