FINANCIAL AID RESOURCES

Student Financial Assistance Quick Reference
The primary role of this office is to provide financial assistance to students and families, facilitating their full participation in the total educational experience. We encourage all students to apply for financial Aid by completing the application procedures listed below by the priority deadline. More detailed information is available in the Florida Memorial University Financial Aid consumer bulletin.

Priority Deadline
In order to be considered for the maximum number of different types of funds available to qualified students for a new academic year, which begins the following Fall Semester, students must meet Florida Memorial University's priority deadline of April 14th. To meet this deadline, the following documents must be in the student's financial aid file: Students Aid Report, Florida Memorial University Financial AID application, William D. Ford Loan Request Form, Federal Income Tax Return (parents and/or students) or other income verification forms.

How To Apply
Students SHOULD NOT wait until admission acceptance to Florida Memorial University prior to applying for financial aid. To request a financial aid form, please contact the office of Students Financial Assistance.

Students need to APPLY for financial aid EACH YEAR using a FAFSA or a Renewal Application. If a Renewal Application has already been submitted, there is no need to complete a FAFSA or renewal application and vice versa.

Application Procedures

Filing a free application for Federal student aid (FAFSA)
This application could be obtained from students’ high school guidance counselor, any post secondary schools and the internet at www.fafsa.ed.gov. Carefully and thoroughly complete the form. The report from FAFSA (ISIR) must be in this office by April 14th for the upcoming Fall Semester to meet Florida Memorial University priority deadline.

Other Required Documents
In addition to filing the FAFSA, students must also submit to the office of student a Florida Memorial University financial aid application, a William D. Ford Loan Request Form, Federal Income Tax Returns and /or any other income verification forms. If additional information is requested, submit the data promptly. Delays can be frustrating as well as costly.

Student Requirements
Financial aid is offered to students, who are classified as degree seeking at Florida Memorial University, are citizens or permanent residents of the United States, Mariana Islands or Pacific trust territories and maintain satisfactory academic progress.

After Completion Of The Application
Federal regulations sometimes require this office to verify the information provided on students’ ISIR/Student Aid Report. A student may accept or eject any of the program awards offered to him/her. Award amounts are based on a full-time enrollment basis. When a student is not registered on a full-time basis, specific program award may be reduced or eliminated entirely.

Notification and Payment Process
Student will be notified by Florida Memorial University Office of Student Financial Assistance of his/her Federal Direct loan eligibility, the academic terms of the award period and the amount to be borrowed. A William D. Ford Federal Direct Loan Request Form will be mailed to student, which must be completed and returned to this office. First-time borrowers at Florida Memorial University must complete a Loan Entrance Interview form before any loan proceeds can be disbursed. Disbursements: No funds are disbursed prior to the beginning of classes. Awards are usually disbursed approximately six (6) weeks into the semester. Setting aside funds for books and emergencies is greatly advised. If student's award includes a Federal Direct Loan, a visit to the office of Student Financial Assistance, to sign a promissory note, is required before the loan proceeds are disbursed.