
This could look like grants, loans, work study or scholarships.

The FAFSA is the form used to apply for financial aid.
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Free Application for Federal Student Aid (FAFSA) The EFC is calculated by results that are reported on the Free Application for Federal Student Aid (FAFSA). The EFC is the minimum amount of money that your family is expected to be able to contribute to your education, decided by the Federal Methodology need analysis formula approved by Congress. Like entrance counseling, it only takes 30 minutes and helps you to understand your loan obligations and repayment options. If you graduate, are no longer enrolled in school, or drop below part-time enrollment, you’re required to complete exit loan counseling.

It only takes about 30 minutes and helps to ensure you understand the terms and conditions of your loans, along with your rights and responsibilities.

If you’re receiving educational loans, you’re required to complete entrance loan counseling before you receive your first payment. If you're a dependent student, you’ll report your and your parents' information. This will determine whose information you include on the FAFSA. Dependency Statusĭependency status refers to whether you’re a dependent or independent. The most common type of deferment happens when you’re in school, meaning you don’t have to think about paying it back until you leave. Defermentĭeferment occurs when you’re allowed to postpone repaying the loan. DefaultĪ loan is in default when you fail to pay several regular installments on time or otherwise fail to meet the terms and conditions of the loan. Cost of Attendance (COA)ĬOA is the total amount it should cost you to go to school, including tuition and fees, room and board, allowances for books and supplies, transportation and personal and incidental expenses.
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Professional Judgment refers to the authority of a school's financial aid administrator to make those adjustments. Tuition & Financial Aid Tuition & Financial AidĪn appeal is a formal request to have a financial aid administrator review your aid eligibility and possibly use Professional Judgment to adjust the figures.Degree Works is neither an official academic transcript nor an official notification of completion of degree requirements. Important Note: Degree Works is designed to aid and facilitate academic advising, but is not intended to replace face-to-face advising sessions. Create What-If audits to process, speculative degree audits based on current class history.

