8What is a Pell Grant?
P A Pell Grant is gift aid that you do not have to repay. It is given to very needy students. The Pell Grant is based on your Expected Family Contribution (EFC). The EFC is the number arrived at by processing the data you provide on the Free Application for Federal Student Aid (FAFSA). You can find yours on your Student Aid Report (SAR) on the first page. The lower your EFC, the greater the Pell Grant. The financial aid office at your school calculates the maximum Pell Grant you may receive.

8What is SEOG?
P A Supplemental Educational Opportunity Grant (SEOG) is federal gift aid given to the neediest students. Students who receive a Pell Grant may also qualify for SEOG. The government allocates SEOG funding to each school and the school, in conjunction with federal guidelines, determines who will receive this type of aid.

8How do I apply for a Pell Grant and other types of need-based aid?
P You must complete the Free Application for Federal Student Aid (FAFSA). The fastest way to get your application processed is to apply over the Internet. To apply online, go to FAFSA on the Web. If you prefer to file via a paper application, you can get one from your financial aid office, or by requesting one online. On the FAFSA you can indicate interest in student employment, student loans, and parent loans. You are not obligated to accept this type of aid if it's offered to you, so you can change your mind later if you want.

8If I take a leave of absence, do I have to start repaying my loans?
P Not immediately. The Stafford loan has a grace period of 6 months and the Perkins loan has a grace period of 9 months before the student must begin repaying the loan. If you use up the grace period, you will have to begin repaying your loan. It is possible to request an extension to the grace period, but this must be done before the grace period is used up.

8Where should I call for information on Federal student financial aid?
P 1-800-4-FED-AID (1-800-433-3243) Ask for a free copy of "The Student Guide: Financial Aid from the US Department of Education". This toll free hotline is run by the US Department of Education and can answer questions about federal and state student aid programs and applications. You can also write to:

Federal Student Aid Information Center
PO Box 84
Washington, DC 20044

 

8Where can I get a copy of the FAFSA?
P If you are in high school, ask your guidance counselor for a copy of the FAFSA. You can also request one from the financial aid office at a local college, your local public library, or by calling 1-800-4-FED-AID. You can apply online at: FAFSA on the Web.

8What should I do if I haven't heard anything after submitting my FAFSA form?
P It can take as many as 6 weeks to process your FAFSA. If you have not received a Student Aid Report (SAR) at the end of 6 weeks, call the federal processor at 1-319-337-5665 to check the status of your application. They will ask for your Social Security number and date of birth so have that information ready.

8Are work-study earnings taxable?
P The money you earn from Federal Work-Study is generally subject to federal and state income tax, but exempt from FICA taxes (provided you are enrolled full time and work less than half-time).

8If I am unsatisfied with the amount of aid I have received, can I appeal this decision?
P In certain circumstances, particularly if your situation has changed since you submitted your application, schools will reconsider the aid package. Be responsible about making an appeal. Financial Aid offices are often extremely busy and will only have time to reconsider true hardship cases. Be sure to make your request in writing and to include any supporting documentation available.

8I am working part time. Should I report this to the financial aid office?
P If you are receiving any kind of income, you are legally obligated to report the income to the financial aid office. The university will adjust your financial aid package to compensate.