Financial Aid

FINANCIAL AID

Coleman University participates in various Federal student financial assistance programs. The financial aid programs are designed to provide assistance to students who are currently enrolled or accepted for enrollment, but whose financial resources are inadequate to meet the full cost of their education.

The majority of financial aid available to students is provided by the Federal Government and is referred to as federal student financial aid (SFA). This includes the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS) and Direct Subsidized and Unsubsidized Loans. The University also utilizes alternative source funding provided by the institution or private agencies. Alternative source Private loans enable the student to contribute to his/her education while in University (credit restrictions may apply).

FEDERAL FINANCIAL AID ELIGIBILITY

Federal Financial Aid is available to those who qualify, a student must:

Be enrolled as a regular student in an eligible program of study on at least a half-time basis for Federal student loans and be enrolled in at least one class for Federal Pell grants;
Have a U.S. high school diploma or the equivalent;
Be a U.S. citizen or national, or an eligible non-citizen. Verification of eligible non-citizen status may be required;
Have financial need (except for some loan programs) as determined by a need analysis system approved by the U.S. Department of Education;
Maintain satisfactory academic progress;
Provide required documentation for the verification process and determination of dependency status;
Have a valid Social Security Number;
Not have borrowed in excess of the annual aggregate loan limits for the Title IV financial aid programs;
Not have any Federal student loans in a defaulted status;
Be registered for the Selective Service, if required;
Comply with any requests for additional documentation requested by the Student Accounts Office.

FEDERAL FINANCIAL AID ELIGIBILITY

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FINANCIAL AID APPLICATION

Financial Aid is available for those who qualify. To apply for federal financial aid, a student must complete the Free Application for Federal Student Aid (FAFSA). The application must be completed with extreme care and accuracy. Our Student Financial Aid Officers are available to assist students in the completion of this form and to answer any questions.

The FAFSA is used to determine eligibility for all types of financial aid programs. Once processed, the application will produce an Expected Family Contribution (EFC) which determines eligibility.

Financial aid from federal programs is available for those who qualify and is not guaranteed from one year to the next. Each student must reapply every year. Also, if the student changes universities, the aid does not automatically go with them. Each student should check with the new university to find out the appropriate procedures for reapplying for financial aid.

NEED AND COST OF ATTENDANCE

Once the application is completed, the information will be used in a formula established by the Congress that calculates need and helps determine eligibility. When combined with other aid and resources, a student’s aid package may not exceed the cost of attendance.

VIEW POLICIES AND PROCEDURES FOR VERIFICATION

• All selected applicants will be verified.

• The selected applicants must submit required verification documents within 7 days of notification.

• If a student fails to provide the required documentation within the established time frame, he/she will be treated as cash paying student until the documents are provided.

• The Financial Aid Office reserves the right to make exceptions to the above stated policies due to extenuating circumstances, on case-by-case basis.

• Students will be given a clear explanation of the documentation needed to satisfy the verification requirements and the process for the document submission.

• The University will inform students in a timely manner of the consequences of failing to complete the verification requirements and the actions the University will take if the student does not submit the requested documentation within the time period specified.

• Students will be informed of their responsibilities regarding the verification of application information, including the University’s deadline for completion of any actions required.

• Students will be notified if the results of the verification will change the student’s scheduled award.

• The University will assist the student in correcting erroneous information.

• Any suspected case of fraud will be reported to the Regional Office of the Inspector General, or if more appropriate, to a State or local law enforcement agency having jurisdiction to investigate the matter. Referrals to local or state agencies will be reported on an annual basis to Inspector General.

• No interim disbursements of Title IV aid will be made prior to the completion of verification.

FINANCIAL AID PROGRAMS

Financial aid from federal programs is available for those who qualify. Stratford University participates in several Federal Financial Aid programs, including:

FEDERAL DIRECT STAFFORD LOANS
FEDERAL DIRECT PLUS LOANS
FEDERAL PELL GRANTS
FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANTS
FEDERAL WORK-STUDY PROGRAM