Some Frequently Asked Questions are discussed here:
- Should financial aid be applied for?
- The answer is yes! Many students and families make the error of not applying for financial aid just because they think that they don’t qualify. But, many factors are considered while giving out aid packages, so the only way to be certain is to apply.
Q. When should financial aid be applied for?
A. This should be done any time after January 1st for the upcoming academic year. The sooner you apply after January 1st, the better your chances.
Q. How is financial aid applied for?
A. FAFSA or Free Application for Federal Student Aid should be completed.
Q. Must financial aid be applied for every year?
A. Yes. The government requires you to apply every year because financial scenarios can change from year to year.
Q. Can part-time students avail of financial aid?
A. Yes. Most financial aid packages are available to part-time students.
Q. If there has been a default on my prior student loans, am I still eligible for financial aid?
A. To become eligible again for loans, you need to make arrangements for payments with the holder of your defaulter loans. Your servicer or lender will be able to give you more information on this.
Q. Does any scholarship received by me have to be reported to the school’s financial aid office?
A. Yes, since it will affect the aid amount for which you are eligible.