Financial Aid Frequently Asked Questions (FAQs)
A. You should start the Financial Aid process as soon as you receive your letter from the school saying you have been accepted for admissions.
A. Graduate students are allowed $20,500.00 per year, unless you have reached the maximum graduate school limit.
A. No, it is left up to the student to apply for the amount of student loans they would like to receive per year.
A. Bridge students can apply for Stafford Unsubsidized same as all other programs. Students are eligible for loans as long as they have not defaulted on previous loans or met the maximum graduate level limit. Bridge ADN-MSN students are eligible for up to $20,500.00 per year.
A. Complete the items listed on the Process for Applying for Financial Aid page.
A. You need to complete the Direct Loan Unsubsidized Master Promissory Note and Entrance Counseling Session at www.studentloans.gov, You will sign both forms using your PIN number issued from Department of Education.
A. Loan checks will be disbursed electronically to pay your tuition and fees within the first few weeks from the start of each term. Once the student loan funds have been received via electronic funds you should receive your residual check in the mail in about 10-13 business days after the check has been received at FNU. During times the postal service or banks are closed, it may take a little longer to get your residual checks. Checks will be disbursed routinely as long as you have completed the hours required for satisfactory academic progress (SAP) and completed the renewal FAFSA.
A. If you fail to meet SAP you will be placed on Warning. You are eligible to receive federal financial aid during the term you are on Warning.
A. No, the Financial Aid Office will not request loan funds if the student fails to meet SAP for two consecutive terms. The student loses federal financial aid eligibility until they have once again met SAP. Students have the right to appeal this decision. Please access the appeal policy located in the FNU catalog.
A. The loan will be cancelled.
A. Although you are not withdrawing from FNU, you will be withdrawn from the federal student loan program and may enter repayment on your federal student loans. Once you return from AH you will be reinstated into the federal student loan program. If considering an AH, please Click here for the complete AH policy.