FAQs

Complete a FAFSA, Request your Federal Student Aid Identification known as your FSA ID, this will serve as your electronic signature. Parents of dependent students will also need to request a FSA ID to sign the FAFSA. The FAFSA form is free. There is no good excuse for not applying.

You can ask your guidance counselor for a copy or you can also get the FAFSA by calling 1-800-4-FED-AID. The easiest way to apply is using the online version of the form which is available at http://www.fafsa.ed.qov.

No. You can apply for financial aid any time after October 1. To actually receive funds, however, you must be admitted and enrolled at Florida Memorial University.

You cannot submit the form before this deadline because the FAFSA uses your financial information from the prior tax year when calculating eligibility for the upcoming award year.

Yes, Florida Memorial University requires that you apply for financial aid every year. If your financial circumstances changei you may get more or less aid. Note that Renewal of your financial aid package also depends on your making satisfactory academic progress toward a degree, such as earning a minimum number of credits and achieving a minimum GPA.

Submit a FAFSA and all required documents. Admitted students find out what documents are missing by using FMlYs financial aid portal; the LION AID SYSTEM The portal can be accessed via the University’s website at www.fmuniv.edu/FA. Students must use their student ID number to gain access, for example. POOOI 23456.

No. Parents are, however, responsible for the Federal PLUS loans. In general you and you alone are responsible for repaying your educational loans. Note that if a parent is denied approval of a Federal PLUS loan, the student is eligible for an additional unsubsidized loan up $4,000.00 more.

Yes. If you are receiving any kind of financial support from sources other than Florida Memorial University, you must report the scholarship to the financial aid office.

The additional funds are added to the award letter to help students with clearing the Student Accounts & Bursar’s Offices.

To apply for additional scholarships at Florida Memorial University complete an online application located at https://www.fmuniv.edu/admissions/scholarships/clearancefunding-application/. Also complete the United Negro College Fund (UNCF) General Application located at https://scholarships.uncf.org.

Private/Alternative loans can help bridge the remaining gap from the awarded amount compared to the amount needed to meet the cost of attendance, Florida Memorial University also offers tuition payment plans which require monthly payments arrangements.

If you have accepted all awards and are not a first-time borrower (who must wait 30 days for loans to disburse) your financial aid will be disbursed the Monday after the add/drop period ENDS of every semester. When this disbursement creates a refund due to you it will be processed by the Student Accounts office seven (7) days after the credit occurs on your account. Please note that institutional aid in access of direct charges (which include tuition, fees, room & board) cannot result in a cash refund. Institutional aid can only cover up to the total of a student’s direct charges. Any excess will be reduced and applied to the need of another qualifying student.

To apply for financial aid, you will need to visit www.fafsa.ed.gov and complete a Free Application for Federal Student Aid (FAFSA). The information you provide on the application determines whether you qualify for federal and state grants and federal loans based on financial need. Also review the school’s website www.fmuniv.edu to determine if you need to complete and submit additional forms/documents.

Submit a Free Application for Federal Student Aid(FAFSA) to apply for financial aid as soon as possible after Jan. 1, regardless of the date you begin college. Applications submitted on or before March 15 are given priority consideration for many types of aid. You must apply for financial aid each year.

Yes! Every year you will need to submit a Free Application for Federal Student Aid (FAFSA) to apply for financial aid. Free Application for Federal Student Aid are available January 1 of year for the upcoming academic year.

You must indicate your marital status as of the date you are completing the FAFSA application. You cannot update your FAFSA due to a change in your marital status. You may wait until you are married to file as married on your FAFSA.

Your Student Aid Report (SAR) should be available three to five days after you submit your FAFSA (Free Application for Federal Student Aid). If you don’t receive an e-mail about your SAR, contact the Federal Student Aid Information Center at 1-800-4-FEDAID (1-800-433-3243) or go to the FAFSA website and select “Check Status of a Submitted FAFSA”.

Your need for financial assistance is determined by many different factors, such as the number of people in your family’s household, how many people are in college, your family’s income, etc.

The financial information you and your family provide on your FAFSA is analyzed by the federal need analysis processor using “Federal Methodology,” a standard formula established by the U.S. Congress. It is used by the federal processor to calculate expected family contribution (EFC)—how much individual students and their familiesare expected to contribute toward their educational expenses. After analyzing your financial information, the federal processor sends the results to the university, indicating how much you and your family should be able to contribute toward your education. If the cost of attendance at Florida Memorial University is greater than what the processor indicates is your family’s expected contribution, then the university considers you to have financial need.

Cost of Attendance

– Family Contribution
= Financial Need

Cost of Attendance includes tuition/fees, books and supplies, housing, food, transportation, clothing maintenance, and personal items/health insurance. Expected Family Contribution consists of expected parental contribution and/or student contribution, depending upon the student’s classification (dependent or independent). The methodology used by the federal processor takes into account the family’s income and assets, employment costs, living expenses, taxes, family size, and the number of family members in college.

The Higher Education Act of 1992 set requirements for establishing a student’s independence status. These questions are used to determine whether a student is considered a “dependent” or “independent” student. Please see these questions to determine your dependency status.

If you answer YES to any of the following questions, you are considered independent and do not have to provide information about your parents on your FAFSA.

If you answer NO to all of the questions, you are dependent and must provide information about your parents on your FAFSA.

  • Were you born before January 1, 1990?
  • Are you married? (answer yes if separated but not divorced)
  • Are you working on a master’s or doctorate program?
  • Are you currently serving on active duty in the U.S. Armed Forces?
  • Are you a veteran of the U.S. Armed Forces?
  • Do you have children and provide more than half of their support?
  • At any time since you turned age 13, were both your parents deceased, were you in foster care, or were you a ward or dependent of the court?
  • Do you have dependents (other than children or my spouse) who live with you for which you provide more than half of their support?
  • Has it been decided by a court in your state of legal residence that you are an emancipated minor or that you are in a legal guardianship?
  • Are you homeless or at risk of being homeless

If your parents are divorce or separated, give information about the parent you lived with most in the last 12 months. If you did not live with one parent more than the other, give information about the parent who provided you the most financial support during the last 12 months or during the most recent year you received support. If your divorced or widowed parent has remarried, also provide information about your stepparent.

If your parents are not required to file an income tax return, they will need to calculate their earnings for the year. Use W-2 forms and other records to answer the questions in the income section of the Free Application for Federal Student Aid (FAFSA). It is best to use a completed income tax return to fill out this application. However, if your parents do not have a completed income tax return, they should calculate their adjusted gross income (AGI) and taxes paid using the applicable IRS instructions.”

If a student withdraws or is withdrawn from all courses on or before the withdraw deadlines, the student will be required to repay all or part of the financial assistance disbursed in that term. If you are a financial aid recipient and are thinking about dropping your classes or withdrawing from the college, please consult an academic advisor and a financial aid counselor to be sure you understand the consequences of this decision.

You will receive a refund to your FMU My-I-Pay-U debit MasterCard, a check or deposited directly into your bank account when the amount of the disbursements received on your behalf is greater than the amount owed for tuition, fees, room, board and books.

Financial Aid Suspension results when a student fails to meet the minimum Satisfactory Academic Progress (SAP) requirements for two consecutive terms or more. This status is also for any student who has failed to meet the requirements of an assigned Financial Aid Academic Plan. A student in this status is not eligible for financial aid.

You will be notified via your FMU student email, once a decision has been rendered. The CASR (Center for Academic Support and Retention) SAP Appeals Committee will contact you by phone or via your FMU student email if any additional documentation is required.

Verification is a process of confirming data supplied by the applicant and/or parents on the financial aid applications. Through the verification process discrepancies on students’ financial aid applications are resolved. If your application is selected for verification or if there are discrepancies on your aid application information, you will be required via e-mail, phone call or letter to submit specific forms/documents to the Office of Financial Aid.

Aid funds cannot be disbursed to you until you have submitted all requested documents and the accuracy of your information has been checked. The review process can take three to four weeks or longer.

If you/your family have extenuating financial circumstances, check with your financial aid adviser to see if the changes might affect your financial aid application. Examples include:

1. Divorce of parents or you from your spouse
2. Death of a major wage earner
3. Loss of employment of a major wage earner
4. Loss of other income or benefits (such as child support)

– Family Contribution
= Financial Need

Cost of Attendance includes tuition/fees, books and supplies, housing, food, transportation, clothing maintenance, and personal items/health insurance. Expected Family Contribution consists of expected parental contribution and/or student contribution, depending upon the student’s classification (dependent or independent). The methodology used by the federal processor takes into account the family’s income and assets, employment costs, living expenses, taxes, family size, and the number of family members in college.

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