The National Directory of Certified Public Accountants

Ask A CPA - College Planning & Financial Aid

What Is A Financial Aid Transcript ( FAT ) ?

A Financial Aid Transcript also abbreviated as (FAT) is a record of all federal aid received by the student at each school attended. If you have previously attended an institution of higher education and are now applying for financial aid from the different university, the university will require a Financial Aid Transcript from each of the schools previously attended, regardless of whether aid was received or not. They are required to do this by federal law. You have to submit a Financial Aid Transcript even if you were in high school at the time. An electronic Financial Aid Transcript process will be in place soon which will eliminate the need for the student to submit a FAT. The FAT is not the same as an academic transcript.

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