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how do i see my financial aid package

how do i see my financial aid package

how do i see my financial aid package插图

Instructions for viewing your financial aid:Click the View Your Financial Aidbutton above. Select Award Offer and the correct award year. Here you will see any grants and/or scholarships offered to you. Click on each award to view the terms of each individual award. You also may find the terms of your awards by selecting the Resources tab.

How do I view my financial aid award summary?

Select My Finances and then Financial Aid to see your Award Summary (see below). Select the aid year you wish to view. For the 2019-20 academic year, select 2019, for the 2019-20 academic year, select 2020, etc..

Where can I view my options for financial aid?

Options are also available to view the shopping sheet, a standardized award letter designed by the federal government, your Satisfactory Academic Progress (SAP) status, and your Financial Aid Award Letter from Penn State.

How do I accept an award for aid year?

Click on Award for Aid Year and select the appropriate year from the drop-down menu Click on Award for Aid Year and select the appropriate year from the drop-down menu Click on Accept Award Offer tab:

How do I view my Binghamton University financial aid award?

Once on the Financial Aid tab, select from several options to access your Binghamton University Financial Aid Award Offer information, review requirement messages and accept or decline loans. VIEW overall status, holds, academic progress, financial aid awards and messages.

What is EFC on FAFSA?

Expected Family Contribution (EFC) – The Expected Family Contribution (EFC), calculated using the information you provided on your Free Application for Federal Student Aid (FAFSA), is the amount a family can reasonably be expected to contribute to educational expenses. The Office of University Scholarships and Financial Aid only uses the EFC to determine financial aid eligibility. It is not the amount you must pay. You may find your EFC on your FAFSA confirmation page.

What are the restrictions on financial aid?

Financial Aid Restrictions – While we strive to award students the maximum financial aid possible, we must follow federal, state, and institutional awarding rules and regulations. The following are two restrictions concerning financial aid amounts: 1 Need based financial aid cannot exceed a student’s financial need. Need based financial aid includes the total of scholarships, grants, Federal Work Study, Federal Direct Subsidized Loans, and other sources of aid from outside Virginia Tech. 2 Total financial aid cannot exceed a student’s Cost of Attendance. Total financial aid includes the total of all types of aid.

Why is my FAFSA award adjusted?

Financial aid awards may be adjusted for reasons including, but not limited to, the following: updates or changes to your FAFSA, changes in your enrollment status prior to the census date, receipt of additional financial aid from any source, or failure to submit requested documents to our office by published deadlines.

How to determine financial need?

Determining Your Financial Need – We determine your financial need by subtracting your Expected Family Contribution from your Cost of Attendance. Once we calculate your financial need, we can determine the types and amounts of financial aid you are eligible to receive.

What happens if you don’t notify us of your financial aid?

Failure to notify us of less than full-time enrollment will delay the delivery of your financial aid. Balances/University Bills. If your financial aid does not cover your direct university charges, your are responsible for paying the balance by the date indicated on the e-bill.

Can total financial aid exceed cost of attendance?

Total financial aid cannot exceed a student’s Cost of Attendance. Total financial aid includes the total of all types of aid.

Can you exceed financial need for need based financial aid?

Need based financial aid cannot exceed a student’s financial need. Need based financial aid includes the total of scholarships, grants, Federal Work Study, Federal Direct Subsidized Loans, and other sources of aid from outside Virginia Tech.

What does signing a promissory note mean?

By signing the promissory note, you are promising to repay your student loan. The financial aid office will guide you through the paperwork or direct you to the online Master Promissory Note if appropriate.

What to do if you don’t understand loans?

Make sure you understand what you’re accepting and the repayment terms.

How to accept student aid?

Follow those directions carefully. You might have to enter the amounts you’re accepting in an online form and then submit the form. If you receive a paper aid offer, you might have to sign it and mail it back to the school.

What is tuition payment plan?

This type of plan may help reduce the amount you need to take out in loans. Ask your financial aid office if such a plan is available.

What to do when your school sends you financial aid?

When your school financial aid office sends you an aid offer, they’ll ask you to indicate which financial aid you want. Look carefully at your options and make an informed decision.

Do you have to repay a subsidized loan before you get a PLUS loan?

You’ll have to repay the money with interest. Subsidized loans don’t generally start accruing (accumulating) interest until you leave school (or drop below half-time enrollment), so accept a subsidized loan before an unsubsidized loan. Next, accept an unsubsidized loan before a PLUS loan.

Do you have to repay student loans?

You’ll have to repay the money with interest, and the terms of the loan might not be as good as those of a federal student loan. Be sure to read all the fine print before you borrow.

How to accept an award offer?

To accept individually, you will need to select your decision from the drop-down menu of each award listed and then choose the Submit Decision button.

What does "unsatisfied requirements" mean?

If any additional information is required, the necessary documents will be displayed as Unsatisfied Requirements. If possible, a link to the document has been provided for you as well as instructions to complete each requirement.

When will financial aid packages be available?

The financial aid packages for upperclassmen, transfer students and graduate students will be available after the first week of June.

What is the school code for Penn State?

If you submitted your FAFSA and do not receive an email by mid July, confirm that Penn State’s Federal School Code (003329) is listed on your FAFSA.

How to access financial aid?

Accessing Your Award Summary 1 Select the aid year you wish to view. For the 2019-20 academic year, select "2019", for the 2019-20 academic year, select "2020", etc.. 2 Your estimated financial aid, budget, and estimated charges for the year, as well as a breakdown for each semester, will be displayed. Aid includes loans, grants, scholarships and work-study. You will need to accept Federal Work-Study and all loans (except the Parent PLUS Loan). After loans are accepted, funds will be applied to the tuition bill. Federal Work-Study will not be applied to the bill; wages earned are direct-deposited into your account.

What is federal aid?

Aid includes loans, grants, scholarships and work-study. You will need to accept Federal Work-Study and all loans (except the Parent PLUS Loan). After loans are accepted, funds will be applied to the tuition bill. Federal Work-Study will not be applied to the bill; wages earned are direct-deposited into your account.

What is financial aid for 2019-20?

Aid includes loans, grants, scholarships and work-study. You will need to accept Federal Work-Study …

How much is a Penn State scholarship?

Typical scholarship awards may range from $1,500 per year to $7,000 per year, with an average value of $2,500. Students may be identified and selected to receive a particular scholarship on the basis of their prior or current academic performance, other accomplishments, or financial need.

When will FAFSA email notifications start?

Email notifications will begin in February for students who have submitted their FAFSA by December 1st. Be sure to periodically check your spam/junk folder.

How to contact Lionpath?

Because Helpline hold times are currently long, the Service Management portal can help you more quickly. World Campus students can call 800-252-3592 or 814-865-0047 for assistance. …

QLess

QLess is our new online queuing system that will allow students to wait in a virtual line rather than a physical line when seeking assistance from the University One Stop Service Center.

Funding Resources

The Cost of Attendance (COA) includes: tuition and fees, room and board, books and supplies, transportation and personal/miscellaneous expenses. COA is divided into two types of costs: direct and indirect costs.

Scholarship Services

Kean University offers a number of scholarships to help qualified undergraduate and graduate students of every race/ethnicity, gender, and creed meet the financial requirements of attending college.

What is ISBN in school?

Your school must publish the International Standard Book Number (ISBN) for each course text in the online course schedule entry if the ISBN is available. The ISBN identifies the specific edition of the book that’s required for your class and helps you be sure you’re obtaining the right book when you search for it. If an ISBN is unavailable, the school should provide the author, title, publisher, and copyright date.

What happens if you take out a loan from your school?

If you take out a loan as a student or parent, your school (or your child’s school) will notify you in writing each time they give you any part of your loan money.

How long does it take to cancel a loan?

If you get your loan money, but then you realize that you don’t need the money after all, you may cancel all or part of your loan within 120 days of receiving it and no interest or fees will be charged.

How long do you have to wait to get a student loan?

The following may apply if you haven’t taken out a federal student loan before: If you’re a first-year undergraduate student and a first-time borrower, you may have to wait 30 days after the first day of your enrollment period (semester, trimester, etc.) before your school is allowed to give you your loan money.

What happens to the money you get from a grant?

Typically, the school first applies your grant or loan money toward your tuition, fees, and (if you live on campus) room and board. Any money left over is paid to you directly for other education expenses.

How often do you have to give a grant to a school?

In most cases, your school must give you your grant or loan money at least once per term (semester, trimester, or quarter).

How long does it take for a school to pay you for financial aid?

This remaining amount is called a credit balance. If you have a credit balance, your school must pay this amount to you directly within 14 days unless you authorize the school to keep the money to pay for future institutional charges.