Frequently Asked Questions
Financial Aid
Applying for Financial Aid
How do I apply for financial aid?
To apply for financial aid, you must complete the Free Application for Federal Student Aid (FAFSA). This is the only financial aid application that 亚洲博彩平台排名 requires. 亚洲博彩平台排名 does not require the College Board Financial Aid Profile or any other supplemental financial aid application.
What is the Free Application for Federal Student Aid (FAFSA)?
The Free Application for Federal Student Aid (FAFSA) is used to determine your eligibility for financial aid. 亚洲博彩平台排名 considers eligible students with a completed FAFSA for all possible funding sources, including federal, state and college programs. Please keep in mind that 亚洲博彩平台排名 gives maximum consideration for all available funds to students who meet the March 1 priority financial aid application deadline. Late applicants may receive reduced funding.
What is the priority deadline to apply for financial aid?
The priority deadline to apply for financial aid is March 1. Verification materials must be filed by May 15.
What are the most common errors made when applying for financial aid?
- Filing your application late.
- Incorrect Social Security numbers. Please double-check your FAFSA to be sure your Social Security number is correct. This is a common error and very time-consuming to correct on the FAFSA.
- Not using your legal name from your Social Security card when completing all financial aid forms.
We want your estimate to be as accurate as possible. The most common reasons for an inaccurate estimate are:
- Failing to report other untaxed income such as a foreign income exclusion or child support received.
- Failing to include stepparent income.
- Under-reporting the student's assets. Any assets in the student's name must be included (e.g. cash, bank accounts, joint accounts, trust funds or Uniform Gift to Minors).
- Not reporting Social Security benefits.
- Overestimating taxes paid.
If my parents are divorced and my custodial parent is remarried, do I have to submit my stepparent's information?
According to federal Department of Education regulations, stepparent income must be included when filing the FAFSA. There is no provision for exception to this regulation.
What is direct data exchange in the FAFSA?
Instead of students and families entering their financial information manually, all contributors on the student's FAFSA application must consent to the IRS direct data exchange, which allows their data to be directly transferred to the FAFSA. There is no opt-out for this requirement. If a contributor does not consent, the student will not be eligible for financial aid.
What is verification?
Aid applications may be selected for verification by the federal government or 亚洲博彩平台排名. If your application is selected, you will be notified by the Office of Financial Aid of the documents you need to provide. This process verifies that the information that you supplied on your FAFSA is accurate and complete.
How do I apply for a state grant?
Complete the FAFSA by your state's deadline. To apply for financial aid on time at 亚洲博彩平台排名, the federal processor must receive your completed FAFSA by March 1.
I have been conditionally accepted in to a program. Am I eligible for financial aid?
Undergraduate students are not eligible for financial aid while conditionally accepted. Graduate students are eligible for two semesters of financial aid while conditionally accepted.
When will I receive my financial aid offer letter?
Accepted students who have completed a FAFSA will begin receiving their financial aid offers in January. Financial aid offers will continue on a rolling basis. Offer letters are sent to the mailing address listed on the FAFSA.
Returning students who have completed a FAFSA will begin receiving their financial aid offers in the spring. Financial aid offers will continue on a rolling basis. Offer letters are sent to the student's 亚洲博彩平台排名 email address.
Do I have to reapply for financial aid every year?
Yes, all returning students must reapply for financial aid every year.
Types of Financial Aid
What is the difference between a scholarship and a grant?
We offer academic scholarships based on merit, which are awarded at the time of acceptance and are based on specific criteria. They are guaranteed for four years as long as you maintain the specific criteria from one year to the next, although they may be reduced if you move off-campus.
Grants are need-based awards that require the annual completion of all necessary documentation as outlined on this website. Grants are subject to change from one year to the next if your family's need changes.
What types of loans are available?
William D. Ford Direct Loans: Direct loans are federally guaranteed as long as you are enrolled at least half time during normal enrollment periods. Repayment is deferred until six months after you leave school. Need-based direct loans are subsidized, which means the government pays the interest while you are enrolled at least half time. If you do not qualify for a need-based federal loan, unsubsidized direct loans are available. Loan limits are $3,500 for first-year students, $4,500 for sophomores and $5,500 for juniors and seniors. In addition, you are allowed an additional $2,000 unsubsidized direct loan annually.
Federal Nursing Loans: These loans generally have the best terms of all loans offered in your 亚洲博彩平台排名 financial aid package. Nursing loans are available only to students enrolled full-time in the nursing program. The federal government subsidizes the interest until repayment, and repayment of these loans is deferred until nine months after you leave school, drop below half time or discontinue nursing studies. If you accept, you are required to complete a master promissory note, loan offer and entrance counseling.
Alternative Loans: These private loans may be used to supplement financial aid. In most cases, the student is the borrower and a co-borrower is required. Interest rates may be variable or fixed, and each company offers different repayment options. For these reasons, alternative loans should be looked at closely when considering the best option for financing.
What's the difference between subsidized and unsubsidized loans?
Subsidized loans accrue no interest while the student is enrolled more than half time. Unsubsidized loans will accrue interest while the student is attending school.
What is the interest on my loans?
To see current federal interest rates and fees, visit studentaid.gov.
I have loans from another school. How do I defer payment on those loans?
Most loans will require the current school to complete specific paperwork in order to have payment on loans deferred. Usually the registrar will verify enrollment and complete any necessary forms.
Your Financial Aid Offer
How is my merit scholarship maintained for four years?
You must maintain the required cumulative GPA and remain enrolled full time in an undergraduate program. At the time of acceptance, you are required to sign an agreement that sets forth guidelines for accepting the award. The cumulative GPA is evaluated at the end of each academic year. If you fall below the required cumulative GPA, a one-time extension will be granted. After the probationary semester, if you are still not maintaining the criteria, you will lose your eligibility for the academic scholarship.
I was offered federal work-study. What do I do now?
Students awarded federal work-study are responsible to apply for and secure a position. The Office of Career Development sends information to students on steps for the application process before the start of the fall semester. Student employment is not guaranteed. For more information, contact the Office of Financial Aid at (401) 341-2901 or financial_aid@messianicfamilyfellowship.com.
How do I accept my offer?
亚洲博彩平台排名 assumes you would like all the aid offered and does not require a formal acceptance of your offer. If you complete the required documents and otherwise maintain eligibility for financial aid, you will receive what was offered.
What if I want to decline some of the aid that was offered?
Simply complete a financial aid award change form, which is available on the financial aid webpage.
Is it possible to have my offer reconsidered?
If there are extenuating circumstances in your family’s financial situation, you may reach out to your financial aid counselor to see if changes can be made with documentation to support these changes. Examples of extenuating circumstances are: loss of income, change in marital status, illness, etc.
Can I prepay my loans or prepay the interest on my loans?
Yes. There is no penalty to prepay federal student loans. Students may also choose to pay interest on their student loans while they are enrolled. Students may work with their loan servicer. Upon disbursement of the loan, student loan servicer information is mailed to the student home address or emailed, depending on what the student designates on their master promissory note. This information may also be found on studentaid.gov.
If I do well in my studies at 亚洲博彩平台排名, can I receive a higher merit scholarship?
No. When you complete your admissions application and are accepted, if you receive a merit scholarship, the amount is set for four consecutive years and cannot be increased. Students should monitor the 亚洲博彩平台排名 website for additional scholarships that become available throughout the year.
What if my non-custodial parent wants to discuss my financial aid with my financial aid counselor?
If a non-custodial parent is looking for FAFSA or award-specific information, the custodial parent must provide the Office of Financial Aid with written confirmation of permission to speak with the non-custodial parent. If the non-custodial parent is looking for information not related to financial aid, the Office of Financial Aid will use FERPA guidelines.
Changes That May Affect Your Offer
Am I guaranteed my financial aid each year?
You are required to renew your financial aid application every year. Your need is determined for one year at a time and is, therefore, subject to change from one year to the next. We strive to maintain the same award from year to year. However, there are certain factors that can cause a significant change to a financial aid award. These include change in marital status, moving off campus, studying abroad, significant changes in family circumstances and not making satisfactory academic progress.
What happens if my family's financial situation changes?
Families who experience a significant change in income, marital status, loss of job or encounter special circumstances from one year to the next are encouraged to contact their financial aid counselor regarding the specific changes. In some cases there are ways that we can assist families who experience financial setbacks or other special circumstances.
What happens to my financial aid if I study abroad?
Students who study abroad are eligible to keep most of their financial aid. Because students who study abroad no longer pay 亚洲博彩平台排名 for the cost of room and board, the amount of aid they receive will decrease. The average decrease in aid per semester is $1,750. Students should schedule an appointment with their financial aid counselor for more detailed information.
What happens when I move off campus?
If you choose to move off campus, there will be a change in your financial aid offer. Periodically, we research the cost of living off campus to ensure that the budget is appropriate. Average off-campus living allowance is approximately $3,500 per year less than on-campus expenses, which is reflected in the off-campus budget.
If all other financial information remains approximately the same, financial aid will be decreased $3,500 for the academic year.
How does an outside scholarship affect my financial aid?
Outside scholarships are considered a benefit and we do not reduce scholarships or grants, unless required by law. There are times when we may need to reduce federal need-based loans or federal work-study if an outside scholarship exceeds your need for financial aid. Other types of benefits, such as an employer's tuition benefits, are considered a resource. These resources are included prior to calculating need-based aid.
I have a private scholarship. Do I need to inform the school?
Yes. Students must inform the Office of Financial Aid if they receive outside scholarships.