applying for financial aid can be intimidating! we’re here to help.
our financial aid advisors are here help you find the best aid options and walk you through every step of the process. contact our office or talk to your admissions counselor with any questions.
important financial aid dates
|october 1st||upcoming academic year fafsa available online|
|april 30th||recommended date to complete upcoming year financial aid file.|
|june 30th||last day to file the fafsa for the current academic year|
1. complete your fafsa
the first step in applying for financial aid is always to
you must file the fafsa (free application for federal student aid) every year that you want financial aid. file online at www.fafsa.ed.gov. filling out the fafsa is free. there are commercial websites that look like official us dept. of education websites but make you pay a fee to file! if the address of the website does not end in “.ed.gov”, use any of the fafsa links on the snu website to go to the correct site.
the fafsa can be filed beginning october 1 for the upcoming academic year (10 months in advance). the last day to file your fafsa for the current academic year (ending after the summer term) is june 30th. after the june 30th deadline you may only file for the upcoming academic year.
submitting the fafsa allows undergraduate students to be considered for federal student loans (i.e. stafford subsidized and unsubsidized), federal and state grants, and the federal work-study program. graduate students are eligible for federal student loans.
be sure to include the snu school code, 009192, on the fafsa. snu will not get your information if our school code is not included. undergraduate students are encouraged to file prior to may 1st. snu need-based funds are only guaranteed at the published rate until the first day of the term of enrollment. after that awards are based on funds available.
2. confirm your admission status
only officially admitted students to snu degree seeking programs are eligible for financial aid. you must have a completed admissions file with no outstanding requirements (i.e., pending official transcripts) to be officially admitted. eligibility to attend classes does not constitute a completed admissions file.
3. complete your financial aid file
after submitting a fafsa, the department of education will send you a student aid report (sar). the sar will notify you of any corrections which need to be made to your fafsa. contact the federal student aid information center at 1-800-4-fed-aid for questions concerning your fafsa.
the financial aid office will notify you if you are selected for verification, a process where the information on the fafsa must be verified as correct. a tracking letter detailing additional information needed and a preliminary award will be mailed. you will not be officially awarded until all additional information is received. financial aid will not be credited to your account until the verification process is complete.
4. confirm your registration
in order for an undergraduate student to receive an snu scholarship and/or grant, they must be enrolled full time (at least 12 credits) each semester. if you drop below full-time status, you may still use federal aid at reduced amounts. part-time students are not eligible for snu aid. contact the financial aid office if you plan to drop below full-time status to see how your award will be affected.
graduate students must be enrolled at least half time (3 graduate-level credits) each semester to be eligible for financial aid. you must be enrolled full time (6 credits) to get the maximum financial aid award.
5. accept your financial aid
you must accept your financial aid by signing and returning your award letter. an award letter will be mailed after your financial aid file is complete and an official award has been determined. award letters display offered amounts. you do not have to accept the full amount listed. financial aid will not be credited to your account until a signed award letter is received by the financial aid office.
**if you are a first time borrower accepting student loans you must also complete the following requirements for your financial aid to be credited to your account.**
- master promissory note – complete online at www.studentloans.gov.
- online entrance counseling – www.studentloans.gov.
- institutional information and certification for financial assistance – sign form and return with award letter.
snu scholarships and grants may be available to full-time (at least 12 semester hours) undergraduate students. all admitted undergraduate students are automatically reviewed for snu merit based aid. note: if you drop below full-time (12 credit hours per semester), you will lose your snu scholarship for that semester.
students may also apply separately for private/alternative loans.
if you are enrolled in a degree seeking program at snu and will participate in a sponsored study abroad program, you may apply for financial aid for all aid programs except snu grants and scholarships, and federal work study. a signed consortium agreement is required.