You will need your FSAID and password for the following:
Apply for student aid: FAFSA
Check the status of your student loans and Pell eligibility
TERM START DATE AND FAFSA YEAR
|March 2019||2018-2019 FAFSA|
|May 2019||2019-2020 FAFSA|
|July 2019||2019-2020 FAFSA|
FAFSA must be submitted to Southern New Hampshire University using code 002580
INFORMATION ABOUT YOUR FINANCIAL AID AWARD
Southern New Hampshire University awards the Pell grant students at half-time until you are fully registered and begin your coursework as a full-time student (and you register for 12 competencies). At that time, your award will be adjusted.
This means a $1,000 Pell grant award during the award stage will get adjusted to cover $2,000 in tuition & fees for the term (trimester). Pell grants are federal dollars that do not have to be repaid. Please see this calculator or discuss with your coach to determine the total out-of-pocket cost given your award.
Loans are awarded at full-time and are not adjusted. You may receive loans that you do not wish to accept. Loans will automatically disburse unless you deny them, so you must submit a loan adjustment request form by Day 17 of the term if you wish to reduce your loan amount or deny any loan. Please discuss this with your coach as soon as possible during the term to avoid unnecessary debt burden.
MAINTAINING FINANCIAL AID
There are two components to maintaining financial aid.
1) Staying enrolled full-time
- You must be in full-time status in order to maintain your full award for your current term. This requires that you:
- Register for and submit, 12 competencies / projects (whether or not you master them)
- Participate throughout the course of the semester: Submit one project in the first 2 weeks of the term (by Day 14) and submit one project after Day 68 of the term
- If you do not stay in full-time status during the term, your Pell grant will be withdrawn or reduced and you will be left with a balance due for the term; This cannot be appealed
- Staying enrolled full-time can create tricky situations at the end of your program because you must manage your coursework to ensure you have 12 competencies during your last term — you should discuss this with your coach to plan accordingly
2) Making satisfactory academic progress
- You must maintain a cumulative 67% completion rate at the end of each term
- For example, in your first term, you must submit all 12 competencies and master 9 or more at the end of the term
- Completion rate is only measured after the term; During the term, you can have a lower than 67% completion rate
- If you do not make satisfactory academic progress (SAP), you will be put on a SAP warning the following term, during which you can continue to receive financial aid but you must achieve a cumulative 67% rate
- If you do not achieve a cumulative 67% completion rate during your SAP warning term, you will be put on SAP suspension, after which you will not be eligible for financial aid until you return to a 67% completion rate
- If you are SAP suspended, you may be able to file an appeal with Southern New Hampshire by explaining your circumstances.
FINANCIAL AID OVER TIME
Students should expect that their financial aid award will change over time and plan for potential changes that may occur in the future. Additionally, students should consider that Pell is limited to 6 total years of funding. (It is not tied to age.) Depending on the amount of Pell used previously for other schooling, every student will have a varying number of years left to receive Pell. This should be factored into target completion pace.