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Frequently Asked Questions

How does living off campus affect my financial aid award?

Office of Financial Aid
Your financial aid application is reviewed and processed and your aid is disbursed in exactly the same manner regardless of whether you choose on-campus or off-campus housing. The difference is that with off-campus housing, you are responsible for paying rent to your landlord instead of being directly billed through the Bursar for your room. Cost of attendance at Lehigh continues to include a housing and food allowance.
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I applied for financial aid. Where is my award?

NYU Office of Financial Aid
NYU students who submit the FAFSA in accordance with our application deadlines will receive a financial aid award letter which specifies the types and amounts of aid offered. Award letters are normally sent to students (mailed to their permanent address) during the following periods: Student should also use NetPartner to review their financial aid package and/or financial aid messages.
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When do I apply for financial aid? How can I get the best financial aid award package?

Frequently Asked Questions
soon as possible after January 1 of the academic year you plan to attend. Please note that after you have completed your taxes, you must update your FAFSA application to include the correct information. Some grants are awarded on a first-come, first-served basis. Be aware of CCAs’ priority deadlines each semester and apply for financial aid early. Financial aid is awarded on a first-come, first-served basis.
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What changes may affect my financial aid award?

Vanderbilt University office of Financial Aid: FAQs
It is the goal of Vanderbilt to maximize a student's financial aid package and for the student to maintain that same level of assistance for the four year period. At times, however, there are situations that may increase or decrease a family's EFC. For example, when a family has had two students in college and reported in the household and one of the students graduates from college and moves out of the household, the EFC will typically increase by 40%.
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Can my grades affect my financial aid award?

Frequently asked questions - Financial Aid - Office of Enrol...
Yes. A student must maintain Satisfactory Academic Progress in order to receive financial aid according to federal regulations.
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My child wants to live off-campus. How does this affect financial aid?

Pitzer College - Parents
Pitzer does not make any adjustment in a student’s financial aid award for off-campus living. What does change is the amount you need to pay to the College because you will be billed for tuition and fees only. My child wants to go on an external studies program. Is there financial aid available for this? A student who goes on an external studies program receives the same financial aid as being in Claremont with the exception of work-study.
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How does off-campus status affect my financial aid?

Room Selection Frequently Asked Questions
Living off-campus may or may not affect your financial aid package. Please contact the Financial Aid Office for more information.
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When will I receive my Financial Aid award notification?

Answers to your Questions About Financial Aid at Michigan Te...
Notices of Michigan Tech scholarship awards are mailed January through March of the senior year in high school. Michigan Tech financial aid award notifications begin to be emailed to new students during the first part of March. Returning students receive their Financial Aid award notifications in summer.
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How Does Financial Aid Affect My Taxes?

Frequently Asked Financial Aid Questions at Kishwaukee Colle...
Due to the Tax Reform Act of 1986, a portion of financial aid awards may be considered taxable income that is required to be reported to the U.S. Internal Revenue Service (IRS). Students and their families may be eligible for the Hope Tax Credit and/or Lifetime Learning Tax Credit when tuition and fees are paid by the student or family and when U.S. income taxes are owed. Consult a tax preparation expert or the IRS for details and requirements.
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How does financial aid affect the balance I owe?

SUNY New Paltz - Student Accounts: Frequently Asked Question...
Prior to the beginning of the fall semester, the Office of Student Accounts will defer to estimated financial aid. All estimated aid is removed from a students account by the end of the second week of the semester. You will be sent a delinquent notice for any amounts on your student account that have not been covered by payments, enrollment in the New Paltz Payment Plan, or accepted/finalized financial aid.
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What changes in my family's financial circumstances will affect my financial aid award?

Trinity College
The most common areas of change that affect eligibility for financial aid include, but are not limited to, the following: income; assets; household size; number of dependents enrolled in a certificate or degree seeking undergraduate program; and parent marital status.
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When does my financial aid award become "final"?

Frequently Asked Questions - Boston College
Once we've had a chance to review your federal tax forms (1040's), federal tax schedules and W-2's, as well as those of your spouse (if applicable) and your parents, we will determine if your financial aid award needs to be adjusted. This process starts around April 15th, when tax documents are expected to arrive in our office.
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Question: Will moving on-campus or off-campus affect my financial aid eligibility?

Financial Aid
Answer: Where you live while attending FGCU is one of the factors that are used to determine the amount of aid for which you are eligible. See our web site for information about the Cost of Attendance that is used at FGCU to determine how much financial aid you will receive.
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My award notice lists Federal Work Study. Is that a financial aid award?

Loyola University Chicago- FAQs
Federal Work Study (FWS) is a program in which students work on- or off-campus to help pay for their education. FWS is available to undergraduate and graduate students who qualify for need-based assistance and enrolled at least halftime. Although there is no difference in FWS and non-FWS job descriptions or pay scales, employing departments benefit from hiring FWS students, because federal funds are used to pay for a portion of the students' wages.
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When will I hear about my financial aid award?

MBA: Frequently Asked Questions
Students who are applying for the upcoming Fall semester and who have their applications completed January thru March should receive an award letter in June regarding their financial eligibility. Students who are applying later than that will be notified approximately 4 to 6 weeks after their FAFSA has been filed. The earlier in the year that you file your FAFSA the more efficient the process will be as a whole.
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If I am a qualifying veteran, will my education benefits affect my financial aid award?

Cornish College of the Arts: Financial Aid: Frequently Asked...
Federal regulations require the reporting of Veteran's Education Benefits in your financial aid award for the academic year. Depending on the total amount of reported benefits, your financial aid award may be affected. Please contact the Office of Financial Aid if you have questions regarding your benefits and your award.
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How do outside scholarships affect my financial aid award?

Office of Financial Aid
The majority of our financial aid packages are based on financial need and therefore, require us to monitor aid from all sources. Receipt of an outside award will first reduce any unmet need, then reduce grant and self-help equally. Students receiving need based aid in combination with a merit or athletic scholarship award have their need met with grant assistance. In these cases, a dollar for dollar reduction, to the need based grant, is necessary.
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How will outside scholarships affect my financial aid award package?

New Page 2
Federal regulations require that students who receive Federal Title IV aid not receive more financial aid than their demonstrated financial need. Your award package will be reviewed and adjusted as necessary. CMU will first reduce your loan or work award. If an over award situation continues to persist, we will then reduce need-based gift aid. We will send you a revised financial aid Award Notice that reflects the changes in your award. Yes.
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If my custodial parent remarries, will this affect my financial aid award?

Trinity College
Yes. If a custodial parent remarries federal and institutional policies require that the stepparent's income and assets be included in determining eligibility for financial aid. If your sibling does not attend college or is not enrolled at least half-time in a certificate or degree seeking undergraduate program, you can expect a decrease in your financial aid award. Trinity requires written documentation of your sibling's enrollment status.
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How does my GPA affect my financial aid?

FAFSA FAQ
Initially your GPA does not affect a Federal PELL Grant, but if you have a problem with academic progress aid may be denied, including loans. The CalGrant is GPA dependent, and you will need to have either your high school or your college GPA submitted to the California Student Aid Commision. The BOG Fee waiver is not based on GPA and will be awarded to any student that qualifys as long as they apply.
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How will moving off campus affect my financial aid package?

Emory & Henry College: Parents: FAQs
If you are thinking about changing your residency status as an upperclassman, it is important that you check with the Financial Aid Office to see how it may affect your award package. Your need will be lower since your charges will be lower (you will now only be charged for tuition and the appropriate fees), we may have to make adjustments to either grants or loans. Yes. Work study is awarded based on financial need.
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Will this affect my scholarship or financial aid?

University of South Carolina Beaufort - Registrar's Off...
This policy only affects your USC cumulative GPA. Each financial aid award has different requirements. Please check with your financial aid counselor prior to submitting a course grade forgiveness form.
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Can I work on campus if I do not have work/study in my financial aid award?

B-W: Financial Aid FAQ
a general rule, students without work/study as part of a financial aid award, may work on campus beginning the fourth week of the Fall Semester, if the department with a job opening has non work/study available for student employment.
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I'm expecting to receive outside scholarships. How will these affect my financial aid award from UD?

University of Delaware - Financial Aid - Frequently Asked Qu...
Outside scholarships may reduce or eliminate the need based portion of the financial aid award package. If the value of the outside scholarship exceeds the need based portion of UD's award, your need based aid is then reduced. Under federal guidelines we cannot exceed the cost of attendance for a year. The Office of Billing and Collection will send refund checks for excess financial aid funds to your local mailing address after you go to UDSIS to request the refund.
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How can I accept/decline my Financial Aid Award on ASAP?

UTSA ASAP FAQ's
Read the instructions in the "Accept Award offer by Aid Year" page on how to accept or decline your Financial Aid Award.
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When do I find out about my financial aid award?

Frequently Asked Questions - Boston College
Our goal is to provide you with a conditional financial aid package prior to our first deposit deadline, so that you may make an informed decision on whether or not to attend Boston College Law School. The earlier you submit your FAFSA and Need Access online (we recommend prior to February 1st), the sooner we will be able to determine your eligibility. We start this process on March 15th.
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Why is my financial aid award "conditional"?

Frequently Asked Questions - Boston College
It is conditional because the early data you report on your FAFSA and Need Access (in January, early February) is usually an approximation or estimate of the later data you report on your tax forms.
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