Contact SLU IT at 314-977-4000 for assistance.
Access Your Financial Aid Award
- To accept the full amount for all awards, click “Accept Full Amount All Awards.”
- To accept a partial amount of an award, select that choice in the award decision dropdown box, type in the amount you wish to accept and click “Submit Decision.”
What should I do once I receive my financial aid award notice?
After you receive the award letter, you may be asked to return a signed copy of the letter in which you accept or reject each source of financial aid. The college will not increase other aid to compensate if you reject part of the financial aid package, such as loans.
When should I accept my financial aid award letter?
Most colleges send out financial aid award letters around the same time as admission offer letters. However, the timing can vary from college to college depending on factors such as the date that you submitted your FAFSA form and the number of FAFSA forms the college received.
How do I accept my financial aid award after declining?
If there is a portion of your financial aid package that you accidentally rejected, you must contact your college’s financial aid office to explain the situation. Generally, they will be able to add financial aid components back to your package.
How long does it take to get financial aid after accepting award?
Three to five days if you completed your forms online and provided an email address. Seven to 10 days if you submitted your forms online but didn’t provide an email address. Three weeks if you file a paper FAFSA.
How do I get my financial aid money in my bank account?
Check with the financial aid office to make sure that your preferred refund method is available. You may need to fill out paperwork to get the money sent to a bank account.
Your student may be able to receive the money by:
- Cash.
- Check.
- Direct transfer to the bank account.
- Prepaid debit card.
Is there a deadline to accept financial aid?
The FAFSA application season officially starts on October 1, and the FAFSA deadline is typically June 30, or the end of the academic year, whichever comes first.
How do I know if I was awarded financial aid?
To check on the status of financial aid being disbursed to you or your account, check with the financial aid office at your college or career school. Note: If you submitted a paper FAFSA form, you can check the status of your application after it has been processed (roughly 7 to 10 days from the date mailed).
Why does my financial aid Say Award access not available?
View Your Financial Aid Award
If no financial aid data is available, your financial aid has not yet been determined and/or additional information is needed from you to confirm your eligibility for aid.
Can you use FAFSA twice?
You must also update any information that has changed since last year. You can reapply for financial aid through your college’s financial aid office if the school participates in Electronic Data Exchange (EDE). You should contact the financial aid office at the college you plan to attend for more information.
How do I check my financial aid package?
How do I view my SAR? View your SAR by logging in to your FAFSA form and selecting “View SAR” from the “My FAFSA” page. If you provided an email address on your FAFSA form, you’ll receive an email with a link to an online copy of your SAR from [email protected].
How long does it take to receive financial aid check in the mail?
College financial aid disbursement typically takes place sometime between 10 days before and 30 days after classes start.
Does FAFSA send you a check?
Federal Student Aid does not determine when your aid is disbursed. Once we process your FAFSA, we send that information to your school and they handle the rest. Generally, your grant or loan will cover a full academic year and your school will pay out the money in at least two payments called disbursements.
What happens to unused financial aid money?
You can talk to a counselor in the financial aid office to understand the difference between educational costs and personal costs, so you can manage your taxes. Unused Pell Grant money goes to you – the person who qualified for that amount from the Pell Grant program. You can spend it on whatever you deem necessary.
Can I go back and accept more financial aid?
For loans to be reinstated students must request reinstatement via askfas email or students can complete the request loan form. Loans cannot be re-offered to students once the term or year has ended. How are financial aid awards calculated?
Is FAFSA first come first serve?
When should I apply to the FAFSA? You should fill out the FAFSA as soon as possible after it opens — even if you don’t think you qualify for aid — as some aid is first come, first served. There are no set FAFSA income limits or cutoffs that determine eligibility for financial aid.
Do I have to pay back financial aid?
Students have to pay back financial aid if it is in the form of a loan, but they do not have to pay back grants, scholarships or money awarded through a work-study program. Students eligible for grants or scholarships should exhaust those options before taking out any loans, experts say.
Does FAFSA only cover 4 years?
Please note that you can receive the Federal Pell Grant for no more than 12 terms or the equivalent (roughly six years). You’ll receive a notice if you’re getting close to your limit. If you have any questions, contact your financial aid office.
How much money does FAFSA give per semester?
For the 2019–20 academic year, individual students can receive a maximum of $6,195. Pell Grants are disbursed per semester if your school uses the semester system. For example, if you receive $2,000 total in Pell Grants for the year, you will get $1,000 per semester.
Do you get FAFSA money every semester?
While you will apply for funding for both semesters with a single application, you won’t receive all of your funds at once. Most schools disburse funds every quarter or semester. If you’re eligible for funds for your second semester of school, you should receive them within a few weeks of the start of term.
