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Financial Aid - Frequently Asked Questions

Q. Should I apply for financial aid?
A. Yes. Many students and families fail to apply for financial aid simply because they don't think they qualify. There are many factors that are taken into account when awarding financial aid packages, so the only way to be sure is to apply.


Q. How do I apply for financial aid?
A. To apply, you must complete a Free Application for Federal Student Aid (FAFSA). Applications are available from the U.S. Department of Education at 1-800-4FED AID or online at http://www.fafsa.ed.gov. You may also pick one up at your school's financial aid office or at your local library.


Q. When do I apply for financial aid?
A. You can apply for financial aid any time after January 1 for the upcoming academic year. We encourage you to submit your FAFSA as soon as possible after January 1.


Q. Do I need to apply for financial aid every year?
A. Yes. Because financial situations can vary from year to year, the government requires you to reapply each year.


Q. Can I get financial aid if I'm a part-time student?
A. Most financial aid programs are available to students if they attend school on at least a half-time basis.


Q. Can I get financial aid if I have defaulted on my prior student loans?
A. You must make payment arrangements with the holder of your defaulted loans to regain eligibility for additional financial aid. Contact your lender or servicer to find out more about their requirements.


Q. If I receive a scholarship do I need to report it to my school's financial aid office?
A. Yes, as it will affect your eligible aid amount.

 

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