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Why can’t I submit my financial aid application before October 1?

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.

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My parents did not file taxes, how can I apply for financial aid?

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.”

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Do I have to reapply for financial aid every 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.

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What happens to my financial aid if I withdraw from all of my classes?

If a student withdraws or is withdrawn from all courses on or before the withdraw deadlines, the student will be required to repay all or part of the financial assistance disbursed in that term.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.

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How do I receive my award letter?

Award letters are issued after all documents have been submitted and reviewed by our staff. Once you have been award, your award letter will be sent to the email address on your FAFSA. If you are a returning student, your award letter will be emailed to your FMU email address. Students can also view their awards by logging into the Lion Aid System.

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How much is my refund going to be?

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.

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Are my parents responsible for my educational loans?

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.

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Why am I on Financial Aid suspension?

Financial Aid Suspension results when a student fails to meet the minimum 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. Please visit our SAP policy https://www.fmuniv.edu/financial-aid/satisfactory-academic-progress/

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I got an outside scholarship. Should I report it to the financial aid office?

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.

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What is the status of my Satisfactory Academic Progress appeal?

You will be notified via your FMU student email, once a decision has been rendered. The Financial Aid SAP Appeals Committee will contact you by phone or via your FMU student email if any additional documentation is required. All SAP decisions are final.

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