Nov 22, 2024  
Undergraduate Catalog 2016-2017 
    
Undergraduate Catalog 2016-2017 [ARCHIVED CATALOG]

Determination of Federal Financial Aid Award


 

Main Campus Day Determination of Federal Financial Aid Award

Financial need for federal and state aid is determined in the following manner:

Cost of Attendance for Day Program Undergraduates Living On Campus
based on full-time enrollment:

 

 1 semester

2 semesters

 Tuition

   10,468

    20,936

 Books

        582

      1,164

 Room

     2,004

      4,008

 Board

     1,147

      2,294

 Transportation

        864

      1,728

 Personal

     1,024

      2,048

 Loan Fees

          16

           32

 Cost of Attendance

  16,105

   32,210

 

Cost of Attendance for Day Program Undergraduates Living Off Campus based on full-time enrollment:

 

 1 semester

2 semesters

3 semesters

 Tuition

   10,468

    20,936

    23,576

 Books

        582

      1,164

      1,746

 Room & Board

     3,904

      7,808

    11,712

 Transportation

     1,296

      2,592

      3,888

 Personal

     1,520

      3,040

      5,072

 Loan Fees

          16

           32

           48

 Cost of Attendance

  17,786

   35,572

   46,042

 

Cost of Attendance for Day Program Undergraduates Living With Parents based on full-time enrollment:

 

 1 semester

2 semesters

3 semesters

 Tuition

   10,468

    20,936

    23,576

 Books

        582

      1,164

      1,746

 Room & Board

            0

             0

             0

 Transportation

     1,296

      2,592

      3,888

 Personal

     1,520

      3,040

      5,072

 Loan Fees

          16

           32

           48

 Cost of Attendance

  13,882

   27,764

   34,330

Financial Need: Cost of Attendance minus EFC (as determined by FAFSA)

Unmet need: Cost of Attendance minus EFC minus aid awarded.

Unmet cost: Cost of Attendance minus aid awarded (shown on electronic award notification).

Once the Expected Family Contribution (EFC) and financial need have been determined, the student’s information will be reviewed. The student will be offered an aid package that may consist of grants, scholarships, outside assistance, loans and/or Federal Work-Study. A federal aid recipient’s aid package may not exceed Cost of Attendance.

Students are responsible for reporting to the Enrollment Service Center office all assistance received from outside sources, as federal law requires that all outside assistance be considered as a part of the financial aid package. These types of assistance include such aid as Veteran’s Benefits, outside scholarships, military or corporate tuition assistance, vocational rehabilitation or other state aid. Federal guidelines require that a student not exceed the Cost of Attendance in the amount of aid they receive.

The maximum amount of institutional and endowed aid that can be awarded is tuition, room and board, as long as the aid (all types) does not exceed the cost of attendance. Due to federal regulations, scholarship awards may be affected if you are receiving federal and/or state financial aid.

A student’s loan amount is determined as a part of the aid package. A student’s loan eligibility is based on factors that include annual loan limits, unmet need, and federal aggregate limits. In addition, if a student has less than an academic year remaining in the degree program, the loan will be prorated, per federal guidelines.

A student who completes the academic requirements for a program but does not yet have the degree is not eligible for further federal aid for that program.

Direct Loan Annual Limits
Dependent Undergraduate Subsidized Total (Subsidized & Unsubsidized)
0-24 semester hours
24.1-51.9
52-83.9
84-120
120+
$3,500
$4,500
$5,500
$5,500
$5,500
$5,500
$6,500
$7,500
$7,500
$7,500
Independent Undergraduate
(and dependents whose parents are unable to borrow under the PLUS program)
Subsidized Total (Subsidized & Unsubsidized)
0-24 semester hours
24.1-51.9
52-83.9
84-120
120+
$3,500
$4,500
$5,500
$5,500
$5,500
$9,500
$10,500
$12,500
$12,500
$12,500
Aggregate Limits (Limit of all loans combined)
  Subsidized Total
(Subsidized & Unsubsidized)
Dependent
Undergraduate

$23,000

$31,000 (no more than $23,000 of which may be subsidized).
Independent
Undergraduate

$23,000

$57,500 (no more than $23,000 of which may be subsidized).
 

Main Campus Evening Determination of Federal Financial Aid Award


Financial need for federal and state aid is determined in the following manner:

Cost of Attendance for Evening Undergraduate Students
(based on full-time enrollment):

 

 1 semester

 2 semesters

3 semesters 

 Tuition 

     2,640

      5,280

     7,920

 Books

        582

      1,164

     1,746

 Room & Board

     3,904

      7,808

   11,712

 Transportation

     1,296

      2,592

     3,888

 Personal

     2,032

      4,064

     6,096

 Loan Fees

          16

           32

          48

 Cost of Attendance

   10,470

   20,940

   31,410

 

Cost of Attendance for Evening Undergraduate Students Living with Parents
(based on full-time enrollment):

 

 1 semester

 2 semesters

3 semesters 

 Tuition 

     2,640

      5,280

     7,920

 Books

        582

      1,164

     1,746

 Room & Board

            0

             0

           0

 Transportation

     1,296

      2,592

     3,888

 Personal

     2,032

      4,064

     6,096

 Loan Fees

          16

           32

          48

 Cost of Attendance

     6,566

   13,132

   19,698

 

Cost of Attendance for Evening Undergraduate Military Students
(based on full-time enrollment):

 

 1 semester

 2 semesters

3 semesters 

 Tuition 

     2,640

      5,280

     7,920

 Books

        582

      1,164

     1,746

 Room & Board*

        672

      1,344

     2,016

 Transportation

     1,296

      2,592

     3,888

 Personal

     2,032

      4,064

     6,096

 Loan Fees

          16

           32

          48

 Cost of Attendance

     7,238

   14,476

   21,714

*Military students living in housing located on a military base or housing for which they receive a basic allowance are eligible for board expenses only in the Cost of Attendance.

Financial need: Cost of Attendance minus EFC (as determined by FAFSA)

Unmet need: Cost of Attendance minus EFC minus aid awarded.

Unmet cost: Cost of Attendance minus aid awarded.

Once the Expected Family Contribution (EFC) and financial need have been determined, the student’s information is reviewed. The student is offered an aid package that may consist of grants, scholarships, outside assistance, loans and/or Federal Work-Study. A federal aid recipient’s aid package may not exceed Cost of Attendance.

Students are responsible for reporting to the Financial Aid Office all assistance received from outside sources, as federal law requires that all outside assistance be considered as a part of the financial aid package. These types of assistance include such aid as Veteran’s Benefits, outside scholarships, military or corporate tuition assistance, vocational rehabilitation or other state aid. Federal guidelines require that a student not exceed the Cost of Attendance in the amount of aid they receive.

The maximum amount of institutional and endowed aid that can be awarded is tuition, as long as the aid (all types) does not exceed the cost of attendance. Due to federal regulations, scholarships awards may be affected if you are receiving federal and/or state financial aid.

A student’s loan amount is determined as a part of the aid package. A student’s loan eligibility is based on factors that include annual loan limits, unmet need, and federal aggregate limits. In addition, if a student has less than an academic year remaining in the degree program, the loan is prorated, per federal guidelines.

A student who completes the academic requirements for a program but does not yet have the degree is not eligible for further federal aid for that program.

Direct Loan Annual Limits
Dependent Undergraduate Subsidized Total Undergraduate (Subsidized & Unsubsidized)
0-24 credit hours $3,500 $5,500
24.1-51.9 $4,500 $6,500
52-83.9 $5,500 $7,500
84-120 $5,500 $7,500
120+ $5,500 $7,500
Independent Undergraduates (and dependents whose parents are unable to borrow under the Plus program) Subsidized Total (Subsidized & Unsubsidized)
0-24 credit hours $3,500 $9,500
24.1-51.9 $4,500 $10,500
52-83.9 $5,500 $12,500
84-120 $5,500 $12,500
120+ $5,500 $12,500
Aggregate Limits (Limit of all loans combined)
  Subsidized Total (Subsidized & Unsubsidized)
Dependent Undergraduate $23,000 $31,000
Independent Undergraduate $23,000 $57,500

Online and Nationwide Campuses Determination of Federal Financial Aid Award


Financial need for federal and state aid is determined in the following manner:

Cost of Attendance for Online and Nationwide Undergraduate Students
(based on full-time enrollment):

 

 1 semester

 2 semesters

3 semesters 

 Tuition 

     2,640

      5,280

     7,920

 Books

        582

      1,164

     1,746

 Room & Board

     3,904

      7,808

   11,712

 Transportation

     1,296

      2,592

     3,888

 Personal

     2,032

      4,064

     6,096

 Loan Fees

          16

           32

          48

 Cost of Attendance

   10,470

   20,940

   31,410

 

Cost of Attendance for Online and Nationwide Undergraduate Students
Living with Parents  (based on full-time enrollment):

 

 1 semester

 2 semesters

3 semesters 

 Tuition 

     2,640

      5,280

     7,920

 Books

        582

      1,164

     1,746

 Room & Board

            0

             0

           0

 Transportation

     1,296

      2,592

     3,888

 Personal

     2,032

      4,064

     6,096

 Loan Fees

          16

           32

          48

 Cost of Attendance

     6,566

   13,132

   19,698

 

Cost of Attendance for Online and Nationwide Undergraduate Military Students (based on full-time enrollment):

 

 1 semester

 2 semesters

3 semesters 

 Tuition 

     2,640

      5,280

     7,920

 Books

        582

      1,164

     1,746

 Room & Board*

        672

      1,344

     2,016

 Transportation

     1,296

      2,592

     3,888

 Personal

     2,032

      4,064

     6,096

 Loan Fees

          16

           32

          48

 Cost of Attendance

     7,238

   14,476

   21,714

*Military students living in housing located on a military base or housing for which they receive a basic allowance are eligible for board expenses only in the Cost of Attendance.

Financial need: Cost of Attendance minus EFC
(as determined by FAFSA)

Unmet need: Cost of Attendance minus EFC
minus awarded aid

Unmet cost: Cost of Attendance minus aid awarded

Once the Expected Family Contribution (EFC) and financial need have been determined, the student’s information will be reviewed. The student will be offered an aid package that may consist of grants, scholarships, outside assistance, loans and/or Federal Work-Study. A federal aid recipient’s aid package may not exceed Cost of Attendance.

Students are responsible for reporting to the Financial Aid Office all assistance received from outside sources, as federal law requires that all outside assistance be considered as part of the financial aid package. These types of assistance include such aid as Veteran’s Benefits, outside scholarships, military or corporate tuition assistance, vocational rehabilitation or other state aid. Federal guidelines require that a student not exceed the Cost of Attendance in the amount of aid they receive.

The maximum amount of institutional and endowed aid that can be awarded is tuition cost, as long as the aid (all types) does not exceed the cost of attendance. Due to federal regulations, scholarship awards may be affected if you are receiving federal and/or state financial aid.

A student’s loan amount is determined as a part of the aid package. A student’s loan eligibility is based on factors that include annual loan limits, unmet need, and federal aggregate limits. In addition, if a student has less than an academic year remaining in the degree program, the loan will be prorated, per federal guidelines.

Direct Loan Annual Limits
Dependent Undergraduate Subsidized Total (Subsidized & Unsubsidized)
0-24 credit hours $3,500 $5,500
24.1-51.9 $4,500 $6,500
52-83.9 $5,500 $7,500
84-120 $5,500 $7,500
120+ $5,500 $7,500
Independent Undergraduates (and dependents whose parents are unable to borrow under the PLUS program) Subsidized Total (Subsidized & Unsubsidized)
0-24 credit hours $3,500 $9,500
24.1-51.9 $4,500 $10,500
52-83.9 $5,500 $12,500
84-120 $5,500 $12,500
120+ $5,500 $12,500
Aggregate Limits (Limits of all loans combined)
  Subsidized Total (Subsidized & Unsubsidized)
Dependent Undergraduate $23,000 $31,000
Independent Undergraduate $23,000 $57,500