Once you are admitted, complete the FAFSA and PV application.
Final official high school transcript must be received by the Office of Undergraduate Admissions.
Pre-loan counseling must be completed before funds will be posted to your account; if you applied for a loan (pre-loan counseling is scheduled in your mandatory orientation session).
30 Day Delay Rule: In accordance with federal regulations, Federal Stafford loan proceeds for first-time, freshman students may not be credited until 30 calendar days after the first day of the entering term (fall or spring).
Difference between Subsidized and Unsubsidized loans: Subsidized Loan, the government pays the interest while you are in school and six months after you leave the university. Unsubsidized Loan, the borrower is responsible for all interest that is incurred. A 3% origination fee is deducted from each loan before funds are sent to the school. You must be enrolled in at least six hours in order to receive financial aid.
You must successfully complete at least 30 hours per academic year and maintain a minimum of a 2.0 grade point average (GPA). An academic year consists of fall, spring, and summer terms. An academic year begins in the fall. Summer terms are not mandatory, but are an option if you have not completed the required hours and/or GPA. Repeat courses are excluded.
The maximum total loan amount, sub and unsub, that an undergraduate dependent student is allocated is $23,000 and $46,000 for independent students. This amount is disbursed throughout your entire undergraduate academic career. Borrow only what you need!
Once you leave, graduate or drop below six hours, you are given a 6-month grace period before you are required to repay your loans. You may contact your school or lender to receive information on repayment alternatives if you have difficulties repaying your loans. Two alternatives are deferments and forbearances. Students who withdraw from classes or leave the university during the semester may be required to repay funds awarded or acquire a balance with the university.
Housing is not included on your fee receipt.
Note: If you anticipate using a credit balance from loan proceeds to purchase necessities or other items, funds will not be available upon enrollment.
