Financial Aid

Frequently Asked Questions

 

  1. What happens if I withdraw?
  2. How many credits must I take in order to receive financial aid?
  3. Can you explain late fees?
  4. What is Verification and why do I have to turn in copies of my Tax Return Transcript?
  5. What is the program fee?
  6. I do not live with my parents so does that automatically make me an independent student on my FAFSA?
  7. What happens if I drop Session B courses, but complete Session A?
  8. Can I know what financial aid I am eligible for before I turn in documents?
  9. What if I want to change the amount of my loans; how do I do that?

 

What happens if I withdraw?

Withdraws are given to students after the one week Add/Drop period has passed. If a student is receiving financial aid please be aware:

  • Students who withdraw may not be considered to be making satisfactory academic progress and their future financial aid may be cancelled.
  • Depending on the date of withdraw, a student’s financial aid might be adjusted. This means there is a possibility that a student will need to return some of the federal funds that were previously awarded.
  • Tuition will not adjusted when a student withdraws.

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How many credits must I take in order to receive financial aid?

All students must be enrolled in at least six credits (half time). If a student is eligible for Federal Pell Grant it will be adjusted based on the number of credits for which the student is enrolled.

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Can you explain late fees?

Late fees are 1.5% of a student’s total outstanding balance. The fee is added to the owing balance on the last day of each month.

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What is Verification and why do I have to turn in copies of my Tax Return Transcript?

The Department of Education randomly selects at least 30% of FAFSA filers for a process called verification. If selected for verification, (which is indicated on the Student Aid Report), the student is required to submit a tax return transcript, along with other documents to verify the information reported on the FAFSA is correct. An email will be sent to your Eagle account listing all the documents required to complete the process. A financial aid offer will not be confirmed until all documentation has been received and verified. If there are changes that need to be made, the FAFSA information will be corrected, which may affect the amount of aid a student is eligible to receive. A confirmed or revised Award Letter will be sent after the verification process is complete.

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What is the program fee?

The program fee is a $1,300 fee that most Northwest Partnership Program sites charge.

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I do not live with my parents so does that automatically make me an independent student on my FAFSA?

No. To be considered an independent student you must meet specific requirements as listed on the FAFSA.

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What happens if I drop Session B courses, but complete Session A?

Dropping a course must occur before the Add/Drop period ends, usually by the fifth date of the class. If a student wants to drop session B before the Add/Drop has ended for that term they may do so. After the student drops, Student Financial Services will need to adjust any financial aid the student was previously awarded since a student’s credit load will have changed.

If a student wants to Drop Session B after the Add/Drop period has ended, they will receive a W for each withdrawn class. They will be responsible for the full tuition charges and will be required to pay any outstanding balance. Please reference the Withdraw questions.

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Can I know what financial aid I am eligible for before I turn in documents?

Unfortunately, we are unable to give an accurate estimate of the amount of financial aid for which a student is eligible until all required documents are received.

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What if I want to change the amount of my loans; how do I do that?

You will need to contact your Student Financial Services Counselor if you want to increase or decrease your loan.

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