Financial aid is the assistance students can receive from federal, state, institutional and private sources to help pay for a college education. Financial aid usually falls into three categories: grants and scholarships (do not have to be repaid), student loans (must be repaid) and student employment.
How Is Financial Need Determined?
To determine the need for financial aid at
Using the information reported on the FAFSA, the processor calculates the expected family contribution.
Determining a student's eligibility for aid involves three basic components:
COST OF ATTENDANCE - FAMILY CONTRIBUTION = NEED
Am I Eligible for Federal Aid?
Eligibility for federal student aid is based on financial need and on several other factors. To receive federal aid, you must:
The Higher Education Act of 1965 as amended (HEA) suspends aid eligibility for students who have been convicted under federal or state law of the sale or possession of drugs, if the offense occurred during a period of enrollment for which the student was receiving federal student aid (grants, loans, and/or work-study). If you have a conviction(s) for these offenses, call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243).
Even if you are ineligible for federal aid, you should complete the FAFSA because you may be eligible for nonfederal aid from states and private institutions. If you regain eligibility during the award year, notify the Financial Aid Office immediately. If you are convicted of a drug-related offense after you submit the FAFSA, you might lose eligibility for federal student aid, and you might be liable for returning any financial aid you received during a period of ineligibility.
How and when will I receive my Financial Aid?
The school will credit your grants to your school account at least once per semester.
Note: No financial aid is released to a student's account until all requested financial aid paperwork is complete, including but not limited to a signed award letter, verification, and entrance interview paperwork.