Financial Aid

Financial aid is an important issue for all students to consider before they begin college. This page is intended to share information about financial aid at Taylor College and provide you the necessary resources to find out more about applying for aid, receiving aid, and understanding repayment options and deferment/forbearance.

On behalf of Taylor College, we encourage all students to please read through the following key components of the financial aid process:

Financial aid is available to those students who qualify. In order to determine eligibility, students are requested to complete a Free Application for Federal Student Aid (FAFSA) by visiting www.fafsa.gov. When completing your FAFSA, ensure you put Taylor College’s Federal School Code in the appropriate area: OPE-ID# 041166.

We encourage students to complete the FAFSA as soon as possible prior to the application submission period for the program you are applying to. When completing your FAFSA, we ask that students utilize the IRS Data Retrieval Tool which will import your tax information filed from the previous year. By using this tool, your information will be automatically uploaded into the application and provide the most accurate results.

Once submitted, your FAFSA will be processed by the federal government within 2-3 days. The government will then send the application to our Financial Aid Office who will process the paperwork and notify each student with a letter of eligibility. The letter will contain an estimate of the aid that can be obtained for the award year.

For more information about financial aid, or to request a brochure titled “Funding Your Education” to provide you with directives to complete the FAFSA, please contact the Financial Aid Office at 352-245-4119 or finaid@taylorcollege.edu.

For any student obtaining federal loans, specific counseling requirements are mandatory prior to funds being disbursed. When deciding to accept a loan offered by your school, you will be required to complete a signed Electronic Master Promissory Note and Entrance Counseling Forms. When you complete or withdraw from your program of interest, you will be required to complete an online Exit Counseling Form.

These forms are mandated by the federal government and are required before action is taken on any federal direct loans to be processed. For more information about each form, please visit the following sites:

Aside from the above sites, you may also request brochures titled “Entrance Counseling Guide” or “Exit Counseling Guide” from the Financial Aid Office to provide you with instructions to complete the necessary counseling forms.

For more information, and to complete the mandatory forms, please visit: www.studentloans.gov.

When considering your financial future, we encourage all students to understand the federal student loan and repayment process. Unlike grants, student loans must be repaid with interest, just like any personal loan.

The U.S. Department of Education uses several loan servicers for the Direct Loan Program. You will be notified by the assigned servicer with their contact information on where and when to send payments for your account. To access your Federal Loan Records from any previous loans used, current loans or to contact your loan servicer, please access the National Student Loan Data System (NSLDS). If you cannot find your loan servicer information, you may contact the U.S. Department of Education at 1-800-433-3243.

No matter how difficult your financial situation becomes, all student loans must be repaid. There are several repayment plans to choose from that are designed to meet individual needs. The amount required to be paid, and the length of time to pay off the loan, will vary per plan assigned. Detailed information should be requested from your assigned loan servicer that manages your account. For a complete list of repayment plans, please visit this page or contact your federal loan servicer.

There are several ways to offer temporary relief to a student to postpone or decrease loan payments while back in school or experiencing financial hardship. Find out more by visiting this page or contact your federal loan servicer.

You may also contact your school to request information and forms for a deferment/forbearance. To contact a Financial Aid Representative at Taylor College, please call 352-245-4119 or email finaid@taylorcollege.edu.

Several campus policies have been established regarding the Financial Aid Office at Taylor College. As you begin the financial aid process, please be familiar with:

Scholarships

Federal Aid

Veterans