澳门六合彩开奖结果

澳门六合彩开奖结果 Financial Aid FAQs

Get Answers to Your Most Frequently Asked Questions

澳门六合彩开奖结果 is committed to supporting you and your family through the very important financial aid process.聽

Below, we have gathered various resources from our financial aid team and our iGRAD financial literacy partner. Look around鈥攚e hope you find these resources and FAQs helpful.聽

Are you a current 澳门六合彩开奖结果 student? Visit our financial aid page for current students.听听

Quick Links to Financial Aid Topics

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Getting Started

Understand the basics of the financial aid process. This is a great spot to start!

Applying for Aid

Ready to dive in? Here are some tips for applying for financial aid.

Types of Aid

Learn more about grants, work-study, loans and scholarships.

Next Steps

Explore your financial aid offer and what you need to do now.

Glossary

We'll break down the lingo with our glossary of financial aid terms.

Questions

Can't find an answer to your financial aid question? Let's talk!

Resources

Top 4 Most Common Questions

Once I get my financial aid offer, what are my next steps?

  1. Read the materials over carefully, and make sure you understand all of the aid awarded to you.
  2. If you have any questions, review this help center website and/or sign up for a .
  3. Outline your direct costs to determine your out-of-pocket costs not covered by financial aid.
  4. Determine whether you want to pursue the College鈥檚 payment plan or supplemental loan options.
  5. Once you are ready to choose 澳门六合彩开奖结果, accept your offer on our deposit page. (Then celebrate!)
  6. Complete any additional paperwork requested by the Office of Financial Aid.
  7. If you are borrowing federal direct loans, complete your
    • Title IV Credit Authorization form, available on聽.

What if my aid is not enough?

There are two types of supplemental loans that families can pursue:

  1. Federal Direct Parent PLUS loans (apply at聽
  2. Student loans from a private lender (examples at聽).


Students and parents may apply for supplemental loans up to their cost of attendance, less their financial aid package.

Are merit scholarships renewable annually?

Yes! Merit scholarships are renewable for four years of undergraduate coursework, as long as you maintain satisfactory academic progress. In the rare event that you do not maintain good academic standing, the scholarship may switch to a grant which means you will NOT lose funding. Please keep in mind that changes in housing may impact your total institutional aid, and funding may be prorated, including merit awards.

What do I have to do to get my scholarship and/or grant every year?

Your merit scholarship automatically renews as long as you remain a full time student, maintain good academic standing, and your cost of attendance/housing status does not change. Grants are associated with your FAFSA, so don鈥檛 forget to refile the FAFSA each year to maintain that aid. Grants are based on financial information on your FAFSA, so if that information changes it can affect your grant.

Frequently Asked Questions by Category

Getting Started

What is financial aid?

Financial aid is money that you can use to help pay for college expenses. Financial aid comes from a variety of sources, including the federal and/or state governments. It can be in the form of grants or loans. You will automatically be considered for all types of financial aid once you have completed the financial aid application process. Undergraduate students must enroll at least half-time (six credits per semester) to be eligible for most aid programs. Graduate students are eligible for up to $20,500 in direct unsubsidized loans per academic year, provided they enroll at least half-time (four credits per semester).

What is the FAFSA?

The Free Application for Federal Student Aid (FAFSA) is the official form that you use to apply for financial assistance to help pay for college. The FAFSA asks a series of questions about income, assets and other factors, which is then shared with the colleges you鈥檙e applying to. The information you supply on the FAFSA determines what type(s) of aid you may qualify for. It may be completed online at .

Is a FAFSA required?

At 澳门六合彩开奖结果, some special populations are required to submit a FAFSA. The majority of students do not need to submit a FAFSA unless they wish to be considered for need-based aid.

Why is the FAFSA important?

The FAFSA determines your eligibility for subsidized federal student loans (which are based on need), unsubsidized federal student loans (which most students qualify for regardless of need), federal grant programs, work-study programs, state-based financial aid, school-based financial aid, scholarships and other aid.

REMEMBER: The FAFSA is not a loan! There is no financial commitment when you file the FAFSA. You鈥檙e simply providing colleges with more information to help calculate all the different financial aid options you qualify for such as scholarships, grants, loans, work-study and more. That means your potential aid can come from many different sources so you should still file the FAFSA even if you don鈥檛 plan on taking out any loans.

How do I get started?

Before you begin your FAFSA, you will need to create a Federal Student Aid (FSA) ID for yourself and for any FAFSA contributor (like a parent or spouse). It鈥檚 important that the FSA IDs are registered with different email addresses as this is your official electronic signature for the FAFSA and other important federal documents, such as Loan Entrance/Exit Counseling and Loan Master Promissory Notes. To create a Federal Student Aid ID, go to . We encourage you to take advantage of the helpful resources on studentaid.gov website, including how to fill out the FAFSA form.

What's included in a comprehensive fee?

Comprehensive fees help the College to provide students with a variety of services which enhance their academic and student life experiences. Fees help cover services such as:

  • McQuade library (including online access)
  • Fully equipped fitness center and inside track
  • Campus-wide Wi-Fi
  • Career Services, which includes career fairs and panels, job-search workshops, on-campus interviews and extensive one-on-one counseling
  • Free printing up to 1,000 pages each academic year
  • Discounted or free tickets for athletics and performances
  • Participation in intramurals/recreation, club sports, social and educational programs, clubs/organizations and Greek life
  • Hamel Health Center, which provides medical, psychological and health-education services

When will the estimated costs be finalized?

The Board of Trustees at 澳门六合彩开奖结果 determines the final costs in their annual meeting each Summer. Once those costs are finalized, we will publish the updated information on our website.

How does the Office of Financial Aid communicate with students about financial aid?

Initial financial aid correspondence will be mailed to the address you have on file with 澳门六合彩开奖结果. Important financial aid information is also sent to 澳门六合彩开奖结果 student email accounts, so it is important that you check your email frequently. For returning students, all correspondence is sent electronically to your student email account.

If I get tuition exchange do I have to fill out the FAFSA?

澳门六合彩开奖结果 requires FAFSA submission for new Fall 2024 Tuition Exchange Scholarship recipients. Please complete this submission process by August 1.

Does it cost anything to file the FAFSA?

Nope鈥攊t鈥檚 totally free! That鈥檚 why it鈥檚 called the 鈥淔ree Application for Federal Student Aid鈥 (or FAFSA for short).

Can we appeal our merit or other aid once we receive our award offer?

Once you have received your completed financial aid package, if there have been changes to your financial circumstances, you may reach out to either the Office of Undergraduate Admission or the Office of Financial Aid for additional information.

What are transfer students eligible for?

Transfer students are considered for both need-based and merit-based funds. As stated above, to apply for need-based consideration, including federal and state grants, loans and work programs, applicants must file the FAFSA, available online at .

I have questions about my financial aid. How do I get in contact with someone?

Each student has their own dedicated financial aid counselor. You can find your financial aid counselor in your applicant portal under the financial aid tab. And always feel free to email financialaid@merrimack.edu with any general questions!

Applying for Aid

How do I apply for financial aid?

You must file the Free Application for Federal Student Aid (FAFSA) electronically at www.studentaid.gov. 澳门六合彩开奖结果鈥檚 Federal School Code is 002120. Students are encouraged to apply as early as possible, prior to the start of the upcoming semester. In order to be considered for Massachusetts state programs, the filing deadline is May 1.

What is 澳门六合彩开奖结果's school code?

澳门六合彩开奖结果鈥檚 federal school code is 002120.

How many schools can I add to my FAFSA list?

The FAFSA allows up to 20 school codes at one time, but you can also add more later once your FAFSA has been initially processed. Be sure to add 澳门六合彩开奖结果鈥檚 code (002120) to your list so that we can receive your information!

When can I apply for financial aid?

Students can file for financial aid by completing the Free Application for Federal Student Aid (FAFSA) at https://studentaid.gov. The 2024-2025 application is now open.

I need to make a correction on my FAFSA. How can I do this?

After your FAFSA has been successfully processed, you will be able to log back into to make your updates. Depending on the information you are trying to change, some changes to federal tax information may not be available to you. In most cases, you will need to wait until your FAFSA has been fully processed and sent to your schools before you can log in and make any changes.

I'm a transfer student. How do I apply for aid?

The process for transfer students is the same as first-time incoming students. Merit awards are offered at the time of admission, and if students wish to be considered for need-based aid, they must submit a FAFSA online at .

When should I be applying for Parent/alt loans?

Once you receive your bill for Fall, you may begin to apply for supplemental loans. To avoid issues related to changes in credit, and for ease of processing, families are encouraged to apply for one loan for the entire academic year.

Is there a deadline to file?

Students should apply for financial aid when they are applying for admission to the College. Families are encouraged to submit their FAFSA prior to their state’s deadline for state aid consideration. In Massachusetts, this deadline is May 1.

Types of Aid

What is a 澳门六合彩开奖结果 Grant?

A grant is a type of financial aid that does not need to be paid back. It is awarded based on financial need and students typically have to file the FAFSA to be considered for need-based grants.

What is a merit scholarship?

A merit scholarship is a type of financial aid that does not need to be paid back. Unlike need-based grants, these are awarded based on things like academic achievements, personal accomplishments, athletic or musical talents and more! Merit-based scholarships are based on a holistic review of a student鈥檚 admission record. Notification of scholarship awards are included with acceptance materials.

What is an outside scholarship and how do I find one?

An outside scholarship is simply a scholarship that comes from outside the school or the government. A student must initiate applications for outside scholarships.

There are many resources available for additional outside scholarships. Touching base with your school counselor is a great way to see what your school and community may offer. Local rotary clubs, religious institutions, and parent employers may also have scholarship opportunities.

We do provide a list of some scholarships, as well as recommendations for scholarship databases on our website.

What is need-based financial aid?

Need-based grants, loans and work programs are available from the federal and state government and 澳门六合彩开奖结果鈥檚 own sources. To apply, students must complete the FAFSA, available at .

What's the difference between a subsidized and unsubsidized loan?

With a Direct Subsidized Loan, the government pays the interest while the student is enrolled in school at least half-time. With a Direct Unsubsidized Loan, the interest is the responsibility of the borrower, and interest accrues while the student is in school. Payment is not required for either type of loan until six months after the student graduates, withdraws, or drops below half-time.

Is need-based aid reviewed each year? Will it change annually?

Yes, filing the FAFSA is required each year you are in school so it鈥檚 possible need-based aid could change.

Are merit scholarship renewable annually?

Yes! Merit scholarships are renewable for four years of undergraduate coursework, as long as you maintain satisfactory academic progress. In the rare event that you do not maintain good academic standing, the scholarship may switch to a grant which means you will NOT lose funding. Please keep in mind that changes in housing may impact your total institutional aid, and funding may be prorated, including merit awards.

What do I have to do to get my scholarship and/or grant every year?

Your merit scholarship automatically renews as long as you remain a full time student, maintain good academic standing, and your cost of attendance/housing status does not change. Grants are associated with your FAFSA, so don鈥檛 forget to refile the FAFSA each year to maintain that aid. Grants are based on financial information on your FAFSA, so if that information changes it can affect your grant.

Is my scholarship good all 4 years?

Your total financial aid package, including merit scholarship, may be subject to change from year to year based upon enrollment status, academic standing, housing status and/or demonstrated financial need. The FAFSA must be submitted annually to continue to be eligible for institutional, federal or state need-based aid.

Next Steps

Once I get my financial aid offer, what are my next steps?

  1. Read the materials over carefully, and make sure you understand all of the aid awarded to you.
  2. Outline your direct costs to determine your out-of-pocket costs not covered by financial aid.
  3. Determine whether you want to pursue the College鈥檚 payment plan or supplemental loan options.
  4. Once you are ready to choose 澳门六合彩开奖结果, accept your offer on our deposit page. (Then celebrate!)
  5. Complete any additional paperwork requested by the Office of Financial Aid.
  6. If you are borrowing federal direct loans, complete your
    • Title IV Credit Authorization form, available on聽.

What if my aid is not enough?

There are two types of supplemental loans that families can pursue: Federal Direct Parent PLUS loans (apply at ) and student loans from a private lender (examples at ). Students and parents may apply for supplemental loans up to their cost of attendance, less their financial aid package.

What is the deposit deadline?

Due to delays in the federal government’s FAFSA distribution and to provide you with enough time to make your decision, we鈥檝e extended our deposit deadline to June 1. This will ensure that you have plenty of time to review your financial aid offer and get your questions answered.

If you are ready to deposit now, you can! Once you deposit we鈥檒l set you up for the next exciting step, registering for Orientation!

How do I accept or decline my financial aid package?

At 澳门六合彩开奖结果, we assume students will accept all aid offered to them, unless we are otherwise notified. If you would like to decline any portion of your aid package, simply let us know in writing, and we will make these updates on your behalf. If you are intending to utilize your Federal Direct Loans, you will need to complete the required Master Promissory Note (MPN) and Federal Loan Entrance Counseling requirement online at in order for your loans to be processed.

Does 澳门六合彩开奖结果 offer any other scholarships beside the merit scholarship I received?

In addition to merit awards, 澳门六合彩开奖结果 offers need-based funding to students with financial need as demonstrated by the FAFSA. In order to be considered for need-based aid, you would need to submit a FAFSA online at .

How and where do I apply for a student loan?

There are two types of supplemental loans that families can pursue: Federal Direct Parent PLUS loans (apply at ) and student loans from a private lender (examples at ). Students and parents may apply for supplemental loans up to their cost of attendance, less their financial aid package.

What happens to my aid if I switch from resident to commuter?

If a student switches from resident to commuter it may result in a reduction of institutional aid. The cost of attendance changes when residency changes, which therefore affects the formula we use to determine financial aid eligibility.

Does 澳门六合彩开奖结果 offer work-study and student employment programs?

澳门六合彩开奖结果 has two types of work programs:

  • The Federal Work-Study program is a federally subsidized part-time employment program. Jobs are available on campus.
  • 澳门六合彩开奖结果 Work is an on-campus, part-time employment program funded by the College. Jobs will be available in September upon your arrival on campus.

Do you have interest-free payment plans? What is the timeline for enrolling?

Yes! We offer interest-free payment plans spread out over 4, 5 or 6 months. The deadline to enroll is June 15 (for 6 month), July 15 (for 5 month) or August 15 (for 4 months). The fee to enroll in these plans is $55 per semester.

How does health insurance work if my student is already covered?

Students will receive email notification over the summer that instructs them on the steps to either enroll in or opt out of the health insurance plan. If opting out, a waiver is required along with proof of comprehensive health insurance coverage through an outside provider. If you do not actively waive coverage, you will be automatically enrolled.

What does it mean to be selected for verification, and how do I know if I am selected?

The Department of Education reviews FAFSA applications and selects certain applicants to complete federal verification. In this process, the school collects additional information required by the federal government. The Office of Financial Aid will notify you of any additional request documents needed to complete the verifiation process.

Does my GPA matter for financial aid purposes?

Yes. Students must meet Satisfactory Academic Progress standards in order to be eligible for federal financial aid. Satisfactory academic progress requires a cumulative GPA of 1.6 or better by the end of your first academic year and a 2.0 or better by the end of your second academic year. Students must successfully earn 67 percent of their cumulative attempted credits.

When and how are bills posted? When is payment due?

Bills for Fall are generated in early Summer. Families are encouraged to finalize their plan for payment (loans, payment plan, etc.) shortly thereafter.

I applied as a resident student, but now I am thinking of being a commuter (or vice versa). How will this affect my financial aid?

Changing your housing status will change your cost of attendance, which may impact your financial aid. Your financial aid counselor can help map out your various scenarios. Find your financial aid counselor in your applicant portal, under the financial aid tab.

What happens if I change my credit load?

Enrollment, residency and housing statuses are reviewed after the add/drop period of each semester. If there is a change to your enrollment or housing situation, your financial aid may be adjusted and a new award notification mailed. In order to be considered half-time, undergraduates must enroll in a minimum of six credit hours per semester. Graduate students must enroll in a minimum of four credit hours per semester.

Can I appeal my aid package if my financial circumstances change?

If there is a drastic change in your financial situation, e.g., loss of employment, you may be eligible to have your financial aid reevaluated. Contact the Office of Financial Aid if you think you have a special financial circumstance.

Do I have to do anything else to get my federal loans?

Students receiving Federal Direct Loans for the first time must complete an online Entrance Counseling session and sign a Master Promissory Note (MPN). Log on to using your FSA ID and password to complete this process. In addition, there is a Title IV Credit Authorization form, which is available online, through your MyMack account.

Is the deposit applied to the bill?

Yes! Your deposit holds your spot in the class and gets applied to your first semester bill.

Will the financial aid money be given to me directly, and what happens to the excess funds?

All financial aid is disbursed directly to your student account at 澳门六合彩开奖结果 to pay for tuition, fees and any other allowable charges. If the amount of financial aid and other credits on the bill exceed tuition, fees and other allowable charges, you may receive a refund to be used for off-campus living expenses or any other education-related expenses for the term. All refund requests are initiated directly with the Warrior One Stop, once the funding has posted to your account. Refund checks are mailed or picked up depending upon the arrangement made at the time of the request.

When does financial aid get disbursed?

Financial aid is disbursed after the add/drop period of each semester.

When can I request and receive a refund?

Once your financial aid is no longer in 鈥減ending鈥 status on your student account, and if/when you have a credit balance, you can request a refund. Additional details regarding the process can be found under the FAQ 鈥淲hat is the refund policy/process鈥, located here: /bursar/billing-faqs/

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Hours & Location

  • Monday-Friday*: 8:30 a.m.-4:30 p.m.
  • Location: Austin Hall, First Floor

* The Financial Aid Office is closed on Fridays during the summer.