While attending college, you may incur " indirect expenses " that are not charged directly by the school. These include allowances for housing, meals, personal items and transportation.

After your University charges are met, the University issues a "Financial Aid Overage" in form of a disbursement check; which is mailed to you or deposited directly to your personal bank account as an electronic fund transfer.

As long as you are not in default on a previous student loan and do not owe a refund on a federal grant, you are eligible for some type of student loan. Your income, number of people in the household and number in college determines if your loan is need based (subsidized) or non-need based (unsubsidized). Need based loans are interest free and payment free until 6 months after you stop attending school. The government does not pay the interest on the non-need based loans.

This process can take anywhere from 1-4 months depending on additional information needed. Federal Student loan disbursements and Federal grant disbursements generally occur after a school's add/drop period. Once each of the funds have disbursed, overage checks are created within 3-5 business days and placed in the mail or direct deposited to the student.

If you begin participation in all courses, but withdraw before completing the term/semester or school, the Office of Student Financial Aid will perform a required return of funds calculation. This return of funds calculation will determine the percentage of financial aid you "earned". Any financial aid that is considered "unearned" will be returned in the following order:

1. Federal Unsubsidized Stafford loan
2. Federal Subsidized Stafford loan
3. Federal Pell Grant
4. Federal Supplemental Education Opportunity Grant
5. Private Scholarships
6. Institutional Grant or Scholarship funds

What is School Accreditation?

Accreditation is a type of quality assurance process under which a facility's or institution's services and operations are examined by a third-party accrediting agency to determine if applicable standards are met. Should the facility meet the accrediting agency's standards, the facility receives accredited status from the accrediting agency. In the United States the accreditation of schools has long been established as a peer review process coordinated by accreditation commissions and the members.

Some applications are selected for a process called "verification," either by random selection or because of conflicting information on the FAFSA. If your application is selected for verification by a financial aid office, they will request certain documents from you beginning with the Verification Worksheet, signed copies of your federal tax return, and your parents' signed tax return (if you are a dependent student). The purpose of verification is to make sure accurate information is provided on the FAFSA. The bottom line is that we want to make sure you're receiving the very most in financial aid for which you're eligible, and verification helps ensure that you are.

Associates, Bachelors, or Graduate (Master's and above) degree.

Please contact the IRS: Toll Free 1-800-829-1040. The fastest way to receive your tax information is by fax. This service is completely free. Feel free to visit the website www.irs.gov