If you are requesting all possible federal funds and/or state funds (PELL, SEOG, Work Study, HOPE, Zell Miller, and/or Direct Student Loans, and Direct Parent PLUS Loans), you MUST complete a FAFSA applications. The online form can be found on https://studentaid.ed.gov/sa/fafsa or by selecting the app in your MyABAC dashboard. HOPE recipients may opt to only complete the GSFAPPS (Georgia State Financial Application). However, the GFSAPP is for state aid only; no federal aid, including Federal Direct Loans, will be available when completing this application. Students who only complete the GSFAPP, must also complete the HOPE/Zell Miller Scholarship Only Waiver. If HOPE was paid out by your previous institution, please complete the HOPE Evaluation Form and submit it to the ABAC Office of Financial Aid.
Incoming Transfer Students
ABOUT Incoming Transfer Students
Financial Aid Steps for Incoming Transfer Students
- Complete the FAFSA or add ABAC’s school code (001541) and re-submit the FAFSA.
- Complete verification, if needed.
- Aid is posted in Banner.
- Your Financial Aid Award Letter will be sent to you via email.
- Aid will be authorized to accounts of students who are registered for courses.
- Accept Loans in Banner, if needed.
- Complete the Entrance Counseling and Master Promissory Note (MPN) for Loan Certification.
- Aid is authorized and disbursed.
If you are transferring, you will need to make sure that you have included ABAC’s school code (001541) to the FAFSA associated with the academic year in which you will be enrolled at ABAC.
- If it is at the beginning of the school year (Fall semester), then you must make sure to use the ABAC school code when renewing your FAFSA.
- If you are transferring in the middle of the school year (Spring or Summer), you may have submitted the current FAFSA to your previous institution.
You will need to log into your FAFSA account, and “Make a Correction” and add the ABAC school code. After making the correction, you will then go all the way through the FAFSA application and resubmit the form.
You will also need to make sure that you contact your former Financial Aid Office and cancel all aid, including loans, so that we can process your information. If you completed the form online, it will be processed, and your information will be released to our office. It typically takes 3-5 business days for your FAFSA to be sent to us. If you complete the FAFSA by hand, please submit it to the Department of Education for processing (Federal Student Aid Programs, PO BOX 4691, Mt. Vernon, IL 62864-0059).
NOTE: Processing time can take up to three weeks or longer depending on the time of year for online submission and six weeks or longer if submitting the paper application by mail. Your information will be available with current updates through Banner. Please check BANNER for ALL updates.
Once we have received your FAFSA information; we will contact you via email (through your ABAC email address). Required documents will also be listed on Banner. Please check BANNER for ALL updates.
If your FAFSA record is selected for standard verification, we will transmit your information electronically to the School Servicing Center. They will process it and determine what information they need to confirm the information you submitted on your FAFSA. After they have received your documentation, you will be able to log onto their website at www.sscwp.org and view what information they need and submit it electronically.
The School Servicing Center will handle most students selected for verification. However, the ABAC Office of Financial Aid will still request documents to resolve C flags, special circumstances, and statements of identity.
After all required documents are received, a processor will review the student’s file to determine award packaging. Note: during the verification process, it can be determined that additional documents are needed to complete the verification process. Once this process is complete (between 5-7 days to process), the award package will be available for viewing.
NOTE: Awards are made beginning in April for the following academic year, so early completion of the FAFSA application is important.
Once you have been awarded, an award letter will be emailed to you through your ABAC email account with amounts.
NOTE: Please read the award letter thoroughly. Keep in mind that if anything changes on the account, the awards can also change. Your information will be available with current updates through Banner. Please check BANNER for ALL updates.
If you have been awarded federal and/or state funds (i.e. HOPE, PELL, SEOG, scholarships, etc.), these are automatically applied on your account once you have registered for classes. (Some of these amounts may be adjusted if enrollment status changes by adding or dropping classes).
NOTE: Please check with a financial aid representative if you are interested in the federal work study program to see if you are eligible.
NOTE: If you do not wish to take out any loans, you are done.
Loans are offered in the award packaging. You can accept loans online through BANNER.
- Go to www.abac.edu and click “MyABAC” at the top, right-hand side.
- Click the “MyABAC” icon to access the single sign-on.
- Login to Banner.
- Click the “Financial Aid” tab.
- Click “Accept Award Offer” and select the Aid Academic Year.
- Click the “Accept Award Offer” tab, again.
All financial aid awards and loan offers are listed on this page. There are 3 options:
- To accept/decline loans, select either “Accept” or “Decline” in the drop box next to each loan, then hit “Submit Decision.”
- You may click the “Accept Full Loan Amount,” if you wish to accept all loans offered to you.
- You may also accept a partial amount of the loan by writing in an annual total in the box to the right.
NOTE: The amount in the box will be split in half, half for Fall and half for Spring. If entering in the Spring, half for Spring, half for Summer.
NOTE: The Direct Parent Plus application is available via StudentAid.gov for submission. Please make sure that your parent logs in with their FSA ID when applying for the Parent PLUS Loan.
Once you have accepted your loans in Banner, your loan will be created. You will need to make sure you have also completed Student Loan Counseling (Entrance Counseling) and signed the Master Promissory Note (MPN). These processes can be completed via StudentAid.gov. Once you have completed loan counseling and signed the Mastery Promissory Note (MPN), the loans will be generated on your account with other eligible aid.
NOTE: Loans are sent up to DOE for certification before applying on the account as credit, so this can take up to 5 days after accepting the funds.
Once awarded, you can use your excess aid to purchase books and supplies in the ABAC Bookstore. Excess funds for financial aid awards are usually refunded after the fourth week of classes, if you are not a new student or first-time loan borrower. If you are a first-time loan borrower, or have a single-term loan, your excess will be refunded around mid-term.
Deadlines to Apply
Priority deadlines are dates set to give ample time for processing before the payment deadlines. FAFSA applications, verification documentation, etc. turned in after priority deadlines will be processed, but there is no guarantee that the application and awarding process will be completed by payment deadlines. In this case, students should have alternative funding in place to guarantee their registration status.
Priority Deadline for Summer 2020 Admittance – March 15, 2020
Priority Deadline for Fall 2020 Admittance – April 15, 2020
Please note that completing the FAFSA is one of the two options for the “Secure Your Seat” Checklist. Please visit the New Student Checklist for details.
ABAC Scholarship Application Process
Incoming and current students will be considered for all ABAC scholarships by completing the ABAC Foundation Scholarship Application. It is not necessary to apply for individual ABAC scholarships separately. Once all required documentation is submitted, the College will then make selections based on the awards criteria available. Because scholarships are awarded on a first-come, first-served basis, applicants are strongly encouraged to apply as soon as possible.