Carroll University
Main Hall
Prospective Students
Financial Aid Process

Step 1: Get accepted to Carroll.

The college uses a rolling admission process which means once an application is complete (application, high school report form, high school transcript, and standardized test score) an admission decision will be made. We highly recommend that this step be completed in fall of your senior year. Students cannot receive financial aid until they are accepted to Carroll.

Step 2: Carroll will award an academic merit scholarship if the student qualifies.
Merit scholarships are awarded at the time of a student’s acceptance. The scholarships are based on the student’s academic record. For more information about these scholarships and the amounts please see the following link

Step 3: Fill out the Net Price Calculator (Optional).
This is a service offered in the fall to our prospective students and their families. The Net Price Calculator allows students/families to see what an estimated financial aid award would be at Carroll. The family can go online to and complete the simple questionnaire and the college will send you a financial aid award that breaks out gift aid (grants and scholarships), loan, campus employment, and expected cost to the family.

Step 4: Apply for special departmental and/or talent scholarships at Carroll.
Once you are accepted to Carroll University, check out the special departmental and/or talent scholarships that Carroll offers Note the requirements for applying, the process for applying and the deadline for the scholarships.

Step 5: Apply for local, regional, and national outside scholarships that you may qualify for.
Check with your guidance office, chamber of commerce, parent’s employer, and any free scholarship web sites (i.e. etc.). At Carroll, any outside scholarship you receive will go 100% to your benefit. Any aid coming from the federal government, state, or institution will automatically be included in your award once you file the FAFSA.

Step 6: Complete your taxes.
Both you and your parents will need to do this. It is best to fill out the FAFSA using your completed taxes. It is possible to use estimated numbers, but it will delay the processing of your financial aid award.

Step 7: Apply for a PIN number.
Go to and apply for a PIN number. You will receive your PIN number in the mail 7 to 10 days later or within 3 days if you supplied an e-mail address. This four-digit number will serve as your electronic signature on the FAFSA when completing it on the Web.

Step 8: Have a parent apply for a PIN number.
They can do this at, too! This number will serve as their electronic signature on the FAFSA when completing it on the web. It is only necessary that one parent apply for the PIN number (only one parent's electronic signature is necessary).
Both you and a parent should apply for a PIN number before completing the FAFSA on the Web. By already having your PIN number when you fill out the FAFSA, you can use it as your electronic signature immediately.

Step 9: Submit your FAFSA.

There are two ways to complete your FAFSA:

  • On the web at - Processing time of 2 to 3 weeks
    • We highly recommend completing your FAFSA on the Web.
    • Follow the instructions and complete all questions.
    • Utilize the IRS Data Retrieval Tool while completing the FAFSA.
    • Carroll's FAFSA school code is 003838. By including this number on your FAFSA, your results will be sent directly to us.
    • Print out a copy of your completed FAFSA for your records.
    • Submit your FAFSA to the Department of Education.
  • With the paper version - Processing time of 4 to 6 weeks.
    • You can obtain a paper FAFSA by calling the Department of Education at 1-800-4FED-AID.
    • Follow the instructions carefully and complete all questions.
    • Print neatly and clearly.
    • Carroll's FAFSA school code is 003838. By including this number on your FAFSA, your results will be sent directly to us.
    • Make a copy of your completed FAFSA for your records.
    • Mail your FAFSA to the Department of Education.

Step 10: What to look for after you file your FAFSA.

  • Once the Department of Education receives and processes your FAFSA, you will receive a Student Aid Report (SAR). Review this form for accuracy. It does not need to be submitted to Carroll University.
  • The Financial Aid Office will process your FAFSA and notify you via email and postcard when your financial aid award has been completed.
  • Log in to your Carroll portal account to view, accept, decline or modify your Financial Aid Award.
  • If you have any special or unusual circumstances, you may submit them in writing to the Financial Aid Office.
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