May 06, 2024  
Undergraduate Catalog 2015-2016 
    
Undergraduate Catalog 2015-2016 [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:

On Campus Off Campus
Cost of Attendance Cost of Attendance
(from August, 2015 to May, 2016) (from August, 2015 to May, 2016)
Tuition $20,936 Tuition $20,936
Books $1,104 Books $1,104
Room and Board $6,302 Board* $7,676
Transportation $2,416 Transportation $2,416
Personal $3,090 Personal $3,090
Loan Fees $32 Loan Fees $32
Total $33,880 Total $35,254

Students living with their parent(s) have the same expense for all categories except room and board (zero expense amount) for a total cost of attendance of $27,578.

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)
0-23.9 semester hours
24-51.9
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)
0-23.9 semester hours
24-51.9
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

$23,00

$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:

Non-Military Student Military Student
Cost of Attendance Cost of Attendance
(from August, 2015 to May, 2016) (from August, 2015 to May, 2016)
Tuition $4,944 Tuition $4,944
Books $1,104 Books $1,104
Room and Board $7,676 Board* $1,920
Transportation $2,416 Transportation $2,416
Personal $4,120 Personal $4,120
Loan Fees $32 Loan Fees $32
Total $20,292 Total $14,536

*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)
0-23.9 credit hours $3,500 $5,500
24-51.9 $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)
0-23.9 credit hours $3,500 $9,500
24-51.9 $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:

Non-Military Student Military Student
Cost of Attendance Cost of Attendance
(from August, 2015 to May, 2016) (from August, 2015 to May, 2016)
Tuition $4,944 Tuition $4,944
Books $1,104 Books $1,104
Room and Board $7,676 Board* $1,920
Transportation $2,416 Transportation $2,416
Personal $4,120 Personal $4,120
Loan Fees $32 Loan Fees $32
Total $20,292 Total $14,536

*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)
0-23.9 credit hours $3,500 $5,500
24-51.9 $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)
0-23.9 credit hours $3,500 $9,500
24-51.9 $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